The Canadian dollar drifted lower to another seven-month low Wednesday morning.
The loonie was down 0.26 of a cent to 98.57 cents US.
The dollar has fallen about two US cents since the start of the year centred on fears of massive U.S. government spending cuts, the housing market and oil prices.
There are worries about the looming sequester in the U.S. That is a huge package of across the board spending cuts worth US$85 billion that are set to take effect at the end of the month unless lawmakers can agree on other cuts that would be more selective.
It would cut a big chunk out of American economic growth, a worrisome prospect for a struggling economy.
Read more Business News
- Eagle rescued at seaBC - 10:28 am
- Jail sex case was boisterousKamloops - 7:10 am
- Borba trial to resume next monthPenticton / S. Okanagan - 5:00 am
- Council grabs attentionWest Kelowna - 5:00 am
|QHR Technologies Inc||1.30||+0.03|
|Anavex Life Sciences||0.199||-0.0205|
|Copper Mountain Mining||2.43||+0.03|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.27||0.00|
“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...
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...
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...