Wednesday, April 1st2.8°C
25757
24949

Canadian dollar up ahead of heavy slate of economic data; commodities mixed

TORONTO - The Canadian dollar closed higher Monday ahead of a variety of economic data that could affect the currency's performance.

The loonie rose 0.09 of a cent to 90.7 cents US.

It's a big week for economic data with traders looking to the outcome of Wednesday's U.S. Federal Reserve statement on interest rates, the latest readings on U.S. and Canadian economic growth and, at the end of the week, the American employment report for April.

They will also look to see the Chinese government's purchasing managers index for the manufacturing sector.

Elsewhere on the economic front, the Finance Department says it may soon issue a 50-year Government of Canada bond. It says that given the current low-yield environment, issuing such bonds in the ultra-long sector would contribute to a reduction in future refinancing risk. Currently the longest maturing federal bond is 30 years.

And in the U.S., the National Association of Realtors said its seasonally adjusted pending home sales index rose 3.4 per cent to 97.4 last month, the first increase since June and a sign that the housing market may pick up after a sluggish start to the year.

Markets also kept an eye on escalating tensions between Ukraine and Russia.

On Monday, the U.S government imposed sanctions against seven Russian government officials and 17 companies with links to President Vladimir Putin's inner circle.

The White House says the penalties are being levied because Russia has failed to live up to commitments it agreed to under an international accord aimed at de-escalating the crisis in Ukraine.

On the commodity markets, June crude in New York gained 24 cents to US$100.84 a barrel.

July copper was unchanged at US$3.09 a pound while June gold bullion dropped $1.80 to US$1,299 an ounce.

The Canadian Press


Read more Business News

25779


Recent Trending




Today's Market
S&P TSX14902.44-5.95
S&P CDNX680.07-0.26
DJIA17776.12-200.19
Nasdaq4900.88-46.56
S&P 5002067.89-18.35
CDN Dollar0.7886-0.0002
Gold1181.80-1.30
Oil47.27-0.33
Lumber275.30-2.90
Natural Gas2.668+0.028

 
Okanagan Companies
Pacific Safety0.125+0.010
Knighthawk0.010.00
QHR Technologies Inc1.48-0.02
Cantex0.03-0.01
Anavex Life Sciences0.211-0.004
Metalex Ventures0.04+0.00
Russel Metals24.04-0.36
Copper Mountain Mining1.16-0.02
Colorado Resources0.11-0.01
ReliaBrand Inc0.0036-0.0024
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.25+0.02
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
20156589 570 Sarsons Road
3 bedrooms 3 baths
$729,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


25692