Jan 11, 2013 / 6:40 am
The Canadian dollar was higher early Friday after new data showed that the country's trade deficit with the world jumped in November.
The loonie rose 0.12 of a cent to 101.69 cents US before stock markets opened.
In the morning, a report from Statistics Canada said the country's trade deficit with the world ballooned to $2 billion in November from $552 million in October as merchandise imports rose 2.7 per cent and exports fell 0.9 per cent.
"It looks like trade will take another bite out of already weak economic growth," said Sal Guatieri, senior economist at BMO Capital Markets in a note.
"Total exports are now 6.3 per cent below year-ago levels, the worst performance in three years, while imports are flat."
Commodities were weaker, with February crude down 47 cents to $93.35 a barrel on the New York Mercantile Exchange.
Gold prices backtracked with the February contract down $4 to US$1,674 an ounce.
Read more Business News
|QHR Technologies Inc||1.19||-0.01|
|Anavex Life Sciences||0.36||-0.01|
|Copper Mountain Mining||1.58||+0.02|
This column is the last of three, for how to prove your personal injury claim. It is the piece de resistance of the trilogy, the Chuck Norris piece – the final say! As mentioned in the first two...
The bank manager just phoned and asked for full and immediate repayment of the line of credit because the latest, (and they were late!), financial statements showed continuing losses and falling sales...
Recently I recorded a video series for my keynote speaking business. It was called from Faith to Future. In one of the episodes, I talked about the concept of using hard work to get out of a difficul...
- Fewer risks to Canadian financial systems, but housing still a concern: BoC
- Betty Quadracci, co-founder of Quad/Graphics, dies at 75, was Milwaukee Magazine president
- With a cool $31.6 million in its second week, 'Frozen' takes over top spot at the box office
- Canadian Oil Sands appoints new CEO, sets $1.1-billion 2014 capital budget
- Government sells remaining stake in General Motors, loses $10.5 billion on company bailout
- Time to 'Jumpstart' your business
- US job openings and number of workers quitting hit 5-year highs, a hopeful sign for unemployed
- US rule banning banks from trading for their own profit approved by US regulators
- US wholesale stockpiles and sales rise sharply in October, encouraging signs for Q4 growth
- Most actively traded companies on the TSX, TSX Venture Exchange markets
- Lululemon founder steps down
- Kellogg's to close London plant in the new year, lay off 500 workers