37392
35763
S&P/TSX
15312.20
+17.00
+0.11%
S&P-CDNX
748.80
-0.70
-0.09%
S&P-500
2259.53
+13.34
+0.59%
NASDAQ
5444.50
+27.14
+0.50%
Dow
19756.85
+142.04
+0.72%
Dollar
0.7589
+0.0015
+0.20%
Oil
51.48
+0.64
+1.26%
Gold
1158.40
-11.40
-0.97%
Silver
16.82
-0.20
-1.20%


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.



More Business News

35548
Recent Trending
35309
Castanet Proud Member of RTNDA Canada
37339
Press Room
37588