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||1.19||+0.08|
|Anavex Life Sciences||0.38||+0.04|
|Copper Mountain Mining||1.55||0.00|
I saw your comment while reading your business article on Castanet regarding Harvey’s Hamburgers being the “Best Tasting Hamburgers". It is true, Harvey’s usually wins that awa...
Opportunities to Be Aware of This Year As the 2013 year is coming to an end, individuals should be mindful of year-end tax planning opportunities that will need to be implemented prior to December 31s...
When was the last time you thought about your mortgage? Most people take out a mortgage with their bank for five years and then forget about it. When you took out that mortgage did anyone discuss ot...
- Transcontinental buys 74 Sun Media community papers in Quebec for $75M
- Canada's exporting sector expects to improve sales over next six months
- Sun Media sells 74 community papers
- Capital Power, Enmax to jointly develop new gas-fired plant near Edmonton
- Canadian Press NewsAlert: Tiff Macklem to step down from Bank of Canada
- US economy expands at 3.6 per cent rate in Q3 but business stockpiles drive half of the growth
- US jobless claims tumble 23,000 to 298,000, sign that companies are laying off fewer workers
- CIBC plans to open a branch at Pearson airport to draw in travellers, newcomers
- Transcontinental buying 74 Sun Media community papers in Quebec for $75 million
- RBC president and CEO Gordon Nixon to retire in Aug. 2014
- 'SpongeBob SquarePants,' other Nickelodeon programs come to China online viewers in Sohu deal
- Cost rises to $8.5B for North West refinery project northeast of Edmonton