Tuesday, October 21st13.0°C
23836
23671

Canadian dollar moves higher amid strong retail sales report, mixed commodities

TORONTO - The Canadian dollar closed higher Wednesday amid a better than expected showing in retail sales in May.

The loonie was up 0.07 of a cent to 93.21 cents US.

Statistics Canada reported that retail sales rose 0.7 per cent in May, which was higher than the 0.6 per cent hike that economists had expected.

However, excluding autos, retail sales rose only 0.1 per cent, short of the 0.3 per cent gain that was forecast.

On the commodity markets, September crude in New York rose 73 cents to US$103.12 a barrel.

August gold dipped $1.60 to US$1,304.70 an ounce, while September copper was unchanged at US$3.21 a pound.

The Canadian Press


Read more Business News

21297


Recent Trending




Today's Market
S&P TSX14547.71+209.94
S&P CDNX822.2810.93
DJIA16614.81215.14
Nasdaq4419.479+103.404
S&P 5001941.28+37.27
CDN Dollar0.8914+0.0005
Gold1249.20-2.50
Oil82.17+0.21
Lumber329.70+0.10
Natural Gas3.687-0.024

 
Okanagan Companies
Pacific Safety0.100.00
Knighthawk0.01-0.005
QHR Technologies Inc1.17+0.05
Cantex0.055-0.025
Anavex Life Sciences0.192+0.001
Metalex Ventures0.045-0.005
Russel Metals33.09+0.81
Copper Mountain Mining2.17+0.18
Colorado Resources0.150.00
ReliaBrand Inc0.012+0.0009
Sunrise Resources Ltd0.060.00
Mission Ready Services0.46+0.01

 



21297

FEATURED Property
2100698Osoyoos Condo - Fully Furnished 1 Bedroom & Den
$279,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_





23803


Member of BC Press Council


22496