Sunday, September 21st25.4°C
23284
22924

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

21097


Recent Trending




Today's Market
S&P TSX15265.35-200.19
S&P CDNX955.06-10.73
DJIA17279.7413.75
Nasdaq4593.426-13.637
S&P 5002010.40-0.96
CDN Dollar0.9136+0.0012
Gold1216.60-10.00
Oil92.41-0.62
Lumber329.00-0.90
Natural Gas3.903-0.064

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.37+0.05
Cantex0.05-0.01
Anavex Life Sciences0.223-0.0031
Metalex Ventures0.060.00
Russel Metals35.75-1.26
Copper Mountain Mining2.66-0.02
Colorado Resources0.165-0.01
ReliaBrand Inc0.0249+0.0009
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



22970

FEATURED Property
17054803177 - McLeod Road
4 bedrooms 3 baths
$384,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Is this a fair offer from ICBC?

“Is this a fair offer from ICBC?”…. “How much should I settle for?”… “What is my claim worth?” These are just some of the questions I regularly get as...


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...

_








Member of BC Press Council


22755