34119
31342
S&P/TSX
14546.54
-3.46
-0.02%
S&P-CDNX
781.71
+10.80
+1.40%
S&P-500
2166.58
-2.60
-0.12%
NASDAQ
5139.81
+29.76
+0.58%
Dow
18472.17
-1.58
-0.01%
Dollar
0.7605
+0.0022
+0.29%
Oil
42.02
+0.10
+0.24%
Gold
1326.30
+5.60
+0.42%
Silver
19.66
+0.05
+0.23%


Squeeze in the US boosts buck

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.



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