Mar 15, 2013 / 6:39 am
The Canadian dollar touched a three-week high Friday morning.
The loonie was up 0.19 of a cent at 98.01 cents US shortly before stock markets opened, shortly after hitting its highest point since mid-February.
In the United States, a spike in gas prices drove up expenses in February. The Labor Department says consumer prices increased a seasonally adjusted 0.7 per cent last month from January, the biggest rise since June 2009. Three-fourths of the increase reflected a 9.1 per cent surge in gas prices.
And Statistics Canada said national net worth increased to $6.9 trillion in the fourth quarter, up one per cent from the third quarter of 2012.
In commodities, April bullion rose $1.40 to US$1,592.10 an ounce, while May copper gained 0.7 of a cent to US$3.54 a pound.
The April crude contract on the New York Mercantile Exchange added 50 cents to US$93.53 a barrel.
Read more Business News
|QHR Technologies Inc||0.61||+0.06|
|Anavex Life Sciences||0.55||+0.02|
|Copper Mountain Mining||1.62||+0.10|
The majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...
It appears as though more people these days are looking for an investment in real estate which offers cash flow returns. The fundamentals of cash flow type properties had been turned upsi...
Getintheloop Marketing Ltd. recently launched their membership platform, Getintheloop.ca. The new website offers an exclusive members area for access to discounts in the South Okanagan on premium res...
- Bangladesh to raise wages
- Open for business
- 'Gatsby' earns $51.1M, 'Iron Man' $72.5M
- Chrysler recalls nearly 470,000 SUVs
- Bell not interested in selling more Astral
- Loonie dips over a quarter
- Taxman and the offshore tax havens
- Sharktopus views turns on YouTube TV
- Social media makes Disney blink
- BCE looks to cut $170 million
- TD Bank: Loonie could fall to 90 cents US
- Mixed results for North American markets