Tuesday, September 30th13.7°C
23366
22916

Loonie, oil, bullion all make gains

TORONTO - The Canadian dollar made slight headway Wednesday as oil and gold prices advanced and traders looked ahead to key economic data coming out at the end of the week.

The commodity sensitive loonie gained 0.06 of a cent to 100.44 cents US.

The March crude contract on the New York Mercantile Exchange erased early losses to advance 16 cents to US$96.80 a barrel amid data showing a smaller than expected climb in last week's crude inventories, along with a decline in distillate stockpiles.

March copper on the Nymex slipped three cents to US$3.74 a pound while April gold bullion gained $2.40 to US$1,675.90 an ounce.

It was a light day on the economic calendar.

The major reports of the week come out on Friday when Statistics Canada is expected to report that job creation slowed considerably in January. Economists believe that only about 4,000 jobs were created last month, down sharply from 31,200 the previous month.

Other data is expected to show a continued weakening in the Canadian housing sector.

"Housing starts in January could soften considerably, after being supported in the prior month by above-average seasonal temperatures," said a commentary from CIBC World Markets.

The consensus calls for housing starts to come in at an annualized rate of 195,000, down from 198,000 in December.

The Canadian Press


Read more Business News

21269


Recent Trending




Today's Market
S&P TSX14976.92-49.85
S&P CDNX912.76-6.66
DJIA17071.22-41.93
Nasdaq4505.853-6.341
S&P 5001977.80-5.05
CDN Dollar0.8946-0.0013
Gold1206.60-12.2001
Oil92.73-0.05
Lumber334.30+5.40
Natural Gas4.123-0.031

 
Okanagan Companies
Pacific Safety0.135-0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.23+0.01
Cantex0.09+0.03
Anavex Life Sciences0.185-0.01
Metalex Ventures0.0550.00
Russel Metals34.49-0.54
Copper Mountain Mining2.52+0.11
Colorado Resources0.150.00
ReliaBrand Inc0.020.00
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.34-0.02

 





FEATURED Property
2000282#76-2005 boucherie road
3 bedrooms 2 baths
$99,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


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...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_








Member of BC Press Council


22632