Tuesday, March 31st9.4°C
25326
25173

A flat Friday for the Canadian dollar

The Canadian dollar was flat Friday amid a bigger than expected slide in Canadian manufacturing shipments and positive Chinese economic data.

The loonie was unchanged at 101.54 cents US after Statistics Canada reported that manufacturing sales declined 1.4 per cent in October to $48.8 billion. Economists had expected a dip of 0.2 per cent.

The agency said the slide reflected drops in the aerospace product and parts, motor vehicle assembly and primary metal industries. These declines were partly offset by higher sales in petroleum and coal products as well as the wood product industries.

Commodities had advanced earlier in the morning after HSBC Corp. released its preliminary China Purchasing Managers' Index for December, which showed greater expansion in the manufacturing sector of the world's second-biggest economy. The index rose to 50.9 from November's 50.5.

China has a huge appetite for commodities, which has sent prices higher for oil and metals in the past, along with the energy and mining stocks on the TSX.

The Canadian Press


Read more Business News

25607


Recent Trending




Today's Market
S&P TSX14894.99-13.40
S&P CDNX681.20+0.87
DJIA17921.23-55.08
Nasdaq4937.87-9.58
S&P 5002082.24-4.00
CDN Dollar0.7891+0.0005
Gold1187.00+2.20
Oil48.37-0.31
Lumber280.00+0.70
Natural Gas2.62-0.05

 
Okanagan Companies
Pacific Safety0.115-0.010
Knighthawk0.010.00
QHR Technologies Inc1.50+0.00
Cantex0.03-0.01
Anavex Life Sciences0.211-0.004
Metalex Ventures0.045+0.005
Russel Metals24.71+0.31
Copper Mountain Mining1.18+0.00
Colorado Resources0.11-0.01
ReliaBrand Inc0.006-0.001
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.25+0.02
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
22453403477 Wolfe Rd
3 bedrooms 2 baths
$399,900
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


24598