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 Canadaâ€™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.
Read more Business News
- CN talks, no deal yetCentral Okanagan - 11:58 am
- Politics: And they're offKelowna - 11:38 am
- Two arrested in robberyKamloops - 10:33 am
- Paddlers descend on city hallKelowna - 5:00 am
|QHR Technologies Inc||1.25||+0.02|
|Anavex Life Sciences||0.1825||-0.0025|
|Copper Mountain Mining||2.43||-0.09|
|Sunrise Resources Ltd||0.065||+0.045|
|Mission Ready Services||0.32||-0.02|
Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...
Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...
Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...