Friday, March 6th9.4°C
25407
25263

Not much movement for Canuck buck

The Canadian dollar was slightly lower Friday amid a solid U.S. jobs report.

The loonie was down 0.01 of a cent to 100.26 cents US as the U.S. Labour Department's non-farm payrolls report said the economy created 157,000 jobs in January. It also significantly revised upward the number of jobs created in the previous two months. The Labour Department said that a total of 127,000 more jobs were created than initially thought.

The currency closed above parity Thursday for the first time in a week after Statistics Canada reported gross domestic product grew by 0.3 per cent, better than the 0.2 per cent reading that had been expected. Year over year, GDP was ahead by 1.3 per cent.

The dollar had been closing below parity since last Wednesday, hitting a six-month low late last week, after the Bank of Canada said it would likely move to hike interest rates further down the road than previously thought because of weaker economic conditions.

The Canadian Press


Read more Business News

25103


Recent Trending




Today's Market
S&P TSX14952.50-150.61
S&P CDNX688.79-8.13
DJIA17856.78-278.94
Nasdaq4927.371-55.439
S&P 5002071.26-29.78
CDN Dollar0.7921-0.0089
Gold1163.70-32.2001
Oil51.61-0.94
Lumber282.70-4.30
Natural Gas2.849+0.008

 
Okanagan Companies
Pacific Safety0.125-0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.10
Cantex0.035-0.005
Anavex Life Sciences0.18-0.004
Metalex Ventures0.0450.00
Russel Metals24.21-0.06
Copper Mountain Mining1.19-0.05
Colorado Resources0.14+0.01
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.22-0.005

 





FEATURED Property
22247245032 Twinflower Crescent
$545,000
more details
Click here to feature your property
Please wait... loading


How to price: Step Four

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The purpose of the book was to make available to the owners of small companies, pricing techniques used by sophist...


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...

_








Member of BC Press Council


25107