Sunday, April 20th14.3°C
21450
20363

Canadian dollar inches higher

The Canadian dollar moved slightly higher Monday as commodity prices were mixed and some progress was made south of the board toward avoiding the so-called "fiscal cliff."

The loonie edged up 0.06 of a cent to 101.45 cents US before stock markets opened.

Budget negotiations inched forward over the weekend as House of Representatives Speaker John Boehner reportedly told President Barack Obama that he could be flexible on raising taxes on some wealthy earners in exchange for cuts to popular benefit programs cherished by Democrats.

Meanwhile, commodity prices were mostly weaker.

The January crude contract on the New York Mercantile Exchange rose 25 cents to US$86.96 a barrel.

But March copper was down two cents at US$3.66 a pound while February gold bullion dipped 50 cents to US$1,696.50 an ounce.

The Canadian Press


Read more Business News

21100


Recent Trending




Today's Market
S&P TSX14500.39+53.87
S&P CDNX998.770.80
DJIA16408.54-16.31
Nasdaq4095.516+9.291
S&P 5001864.85+2.54
CDN Dollar0.9071-0.0001
Gold1293.40-9.2999
Oil104.30+0.83
Lumber329.70-2.70
Natural Gas4.741+0.205

 
Okanagan Companies
Pacific Safety0.115+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.29+0.07
Cantex0.055+0.01
Anavex Life Sciences0.3750.00
Metalex Ventures0.08+0.005
Russel Metals30.66+0.11
Copper Mountain Mining2.35-0.07
Colorado Resources0.255-0.01
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.25+0.02

 



21674

FEATURED Property
18795183180 Beaver Lake Road
2 bedrooms 2 baths
$219,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Learning to flirt with the edge

With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...


Time spent prospecting

How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...

_



21604

21368


Member of BC Press Council


21202