17161

Business

Loonie still flying high

by The Canadian Press - Story: 81431
Oct 5, 2012 / 6:42 am

The Canadian dollar rose more than half a cent Friday morning after a report showed the domestic economy added five times more jobs than expected.

The loonie rose 0.73 of a cent to 102.72 cents US shortly before markets opened.

Statistics Canada said the country added 52,100 new jobs in September, marking the third biggest increase so far this year. Economists had predicted 10,000 jobs would be created last month.

"The composition and magnitude of employment gains have provided solid support to household spending," said RBC assistant chief economist Dawn Desjardins in a note.

"For the Bank of Canada, the persistence of slack in the economy will provide the rationale to keep the overnight rate at one per cent at least until the external headwinds die down and growth starts to strengthen," Desjardins said.

The Canadian Press


Read more Business News




Today's Market

S&P TSX 12658.09 -94.41
S&P CDNX 942.05 -0.03
DJIA 15294.50 -12.67
Nasdaq 3498.965 +33.722
S&P 500 1650.51 -4.84
Gold 1389.30 +21.7001
Lumber 316.00 -4.50
Oil 96.05 -0.11
Natural Gas 4.264 +0.078
CDN Dollar 0.9705 N/A

_


Okanagan Companies

Sun Rype 6.10 0.00
Pacific Safety 0.07 +0.02
Knighthawk 0.02 0.00
QHR Technologies Inc 0.57 -0.03
Cantex 0.015 0.00
Anavex Life Sciences 0.50 -0.02
Metalex Ventures 0.08 -0.005
Russel Metals 26.62 -0.10
Copper Mountain Mining 1.75 -0.02
Colorado Resources 1.45 +0.06
ReliaBrand Inc 0.13 0.00

_







17595

FEATURED Property
1629275#291-4035 Gellatly Road S
3 bedrooms 3 baths
$725,900
more details
image2image2image2
view all featured properties
Click here to feature your property
Please wait... loading


John Thomson's I Didn't Know That!

I vowed when I started this column twenty-five years ago that I wasn’t going to write about politics and I have held the line until today but this item is really about questions. I looked back o...


Stocks press on

Big Picture Stocks press on Most major global equity markets continued their upward journeys this week despite less-than-inspired economic data. In the US, weaker-than-forecast employment and housing...


Tips for a stress-free summer move

The majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...

_


Previous Stories


17551

FIND MORE
Position yourself in the Okanagan's most visually comprehensive business directory.

Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here



17357

RSS this page.
(Click for RSS instructions.)

Member of BC Press Council