Thursday, October 2nd8.6°C
22738
22437

Loonie takes a hop up

The Canadian dollar was higher Monday as a strong Chinese economic report lifted metal prices and traders hoped for an agreement that would head off automatic tax hikes and spending cuts that could push the U.S. back into recession.

The commodity-sensitive currency rose 0.08 of a cent to 100.43 cents US.

Copper prices rose as the HSBC China manufacturing Purchasing Managers' Index rose to a final reading of 51.5, the best reading for the data since May, 2011. The reading was an upward revision from the preliminary 50.9 result and an improvement from November's PMI of 50.5.

The March contract was up three cents to US$3.62 a pound. China is the world's biggest consumer of copper, which is viewed as an economic barometer as it is used in so many applications.

However, oil prices slipped with the February contract on the New York Mercantile Exchange down 40 cents to US$90.40 a barrel.

Bullion prices also improved with the March contract ahead $8.90 to US$1,664.80 an ounce.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14590.18-215.261
S&P CDNX874.92-21.43
DJIA16738.57-66.14
Nasdaq4390.563-31.522
S&P 5001934.63-11.53
CDN Dollar0.8970+0.0014
Gold1217.00+1.50
Oil88.02-1.09
Lumber345.10+7.30
Natural Gas3.935-0.088

 
Okanagan Companies
Pacific Safety0.1350.00
Knighthawk0.01-0.005
QHR Technologies Inc1.26+0.04
Cantex0.055-0.02
Anavex Life Sciences0.188+0.0076
Metalex Ventures0.0550.00
Russel Metals34.00-0.68
Copper Mountain Mining2.18-0.11
Colorado Resources0.16-0.005
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.31-0.01

 





FEATURED Property
18027473 - 696 Kuipers Crescent, Kelowna, bC
3 bedrooms 3 baths
$599,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


An income investment you may have overlooked

Investors seeking income often limit their selection to bonds and give little or no consideration to preferred shares. They usually ignore preferreds simply because they don't know much about them...


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...

_








Member of BC Press Council


23266