Tuesday, November 25th0.3°C
23286
22916

Loonie declines, trading quiet with U.S. markets closed for Independence Day

TORONTO - The Canadian dollar closed lower Friday in a quiet session with U.S. markets closed for the Independence Day holiday.

The loonie was down from session highs, off 0.15 of a cent to 93.84 cents US.

The gain followed a rise of 0.24 of a cent on Thursday in the wake of a much stronger than expected U.S. employment report for June and other data showing Canada’s trade deficit with the world narrowed in May.

The employment data increased optimism that the American economy will rebound significantly after severe winter weather pushed the economy into contraction in the first quarter.

Canadian jobs data for June will be released July 11.

Commodity prices were mixed in electronic trading on the New York Mercantile Exchange with August crude 29 cents lower at US$103.77 a barrel.

August gold bullion was 70 cents higher late Friday afternoon at US$1,321.30 an ounce, while September copper was down a cent at US$3.27 a pound.

The Canadian Press


Read more Business News

23511


Recent Trending




Today's Market
S&P TSX15073.65+58.24
S&P CDNX780.64-6.86
DJIA17814.94-2.96
Nasdaq4758.252+3.36
S&P 5002067.03-2.38
CDN Dollar0.8882-0.0002
Gold1199.10+2.00
Oil74.08-0.01
Lumber328.80-0.70
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.32+0.04
Cantex0.040.00
Anavex Life Sciences0.175-0.005
Metalex Ventures0.030.00
Russel Metals32.14+0.65
Copper Mountain Mining2.15-0.02
Colorado Resources0.130.00
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.325-0.04

 
23744


24053

FEATURED Property
21374902871 Bentley Road
4 bedrooms 4 baths
$499,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...

_



24158

24207


Member of BC Press Council


24043