Tuesday, July 29th34.3°C
21450

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

22447


Recent Trending




Today's Market
S&P TSX15446.55+1.33
S&P CDNX1016.50-3.35
DJIA16912.11-70.48
Nasdaq4442.698-2.211
S&P 5001969.95-8.96
CDN Dollar0.92160.00
Gold1310.00+6.70
Oil100.94-0.03
Lumber322.20-0.80
Natural Gas3.73-0.017

 
Okanagan Companies
Pacific Safety0.185-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.20+0.05
Cantex0.085+0.02
Anavex Life Sciences0.2675+0.0025
Metalex Ventures0.085+0.005
Russel Metals35.29+0.14
Copper Mountain Mining2.86-0.11
Colorado Resources0.2250.00
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.035+0.015
Mission Ready Services0.155-0.035

 



22315

FEATURED Property
19769752161 Richter
2 bedrooms 1 baths
$250,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...

_








Member of BC Press Council


22581