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
- War canoe racing returnsPenticton / S. Okanagan - 5:00 am
- Pedestrian hit crossing roadWest Kelowna
- Royalty visits local wineriesKelowna - 5:00 am
- Premier calls deal historicBC
|QHR Technologies Inc||1.30||0.00|
|Anavex Life Sciences||0.25||0.00|
|Copper Mountain Mining||2.74||+0.05|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.285||-0.015|
Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...
Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...
This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...