Canadian dollar advances following sharp decline, commodities mixed
TORONTO - The Canadian dollar closed higher Monday in quiet holiday trading.
The loonie clawed back some of Friday's tumble of three-quarters of a cent, rising 0.56 of a cent to 93.98 cents US.
There was a dearth of Canadian economic news, but traders took in U.S. data on pending home sales for November that suggested sales are stabilizing after several months of declines.
The National Association of Realtors said its seasonally adjusted pending home sales index ticked up to 101.7 from 101.5 in October. The figure for October was revised lower from an initial reading of 102.1.
Later in the week, the latest readings on house prices, consumer confidence and the American manufacturing sector will also be released.
Commodity prices were mixed with February crude on the New York Mercantile Exchange down $1.03 to US$99.29 a barrel.
March copper was unchanged at US$3.38 a pound while February gold bullion lost $10.20 to US$1,203.80 an ounce.
Read more Business News
- Hawks turn tables, tie seriesSports - 10:15 pm
- Diver finds 13 more bodiesWorld - 7:24 pm
- Market president steps downKelowna - 2:30 pm
- A splash of colour, a dash of funKelowna - 12:32 pm
|QHR Technologies Inc||1.29||+0.07|
|Anavex Life Sciences||0.375||0.00|
|Copper Mountain Mining||2.35||-0.07|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.25||+0.02|
With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...
How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...
The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...