Wednesday, November 26th0.2°C
24157
24056

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

24035


Recent Trending




Today's Market
S&P TSX15073.65+58.24
S&P CDNX780.64-6.86
DJIA17814.94-2.96
Nasdaq4758.252+3.36
S&P 5002067.03-2.38
CDN Dollar0.8862-0.0022
Gold1194.90-2.20
Oil74.30+0.21
Lumber328.80-0.70
Natural Gas4.295+0.144

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.32+0.04
Cantex0.040.00
Anavex Life Sciences0.175-0.005
Metalex Ventures0.030.00
Russel Metals32.14+0.65
Copper Mountain Mining2.15-0.02
Colorado Resources0.130.00
ReliaBrand Inc0.0134-0.0001
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.325-0.04

 
23744


24120

FEATURED Property
21475383028 Quail Crescent
3 bedrooms 3 baths
$549,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


The last great Canadian tax shelter

A guide to how flow-through fund limited partnerships can mightily aid your tax planning!The end of the year will raise concerns among many professionals, self-employed persons, business owners and ev...


What I learned in China: Part 2

As per my previous article on my visit to China, we have much to learn about and from their people. It is potentially the largest market on earth with 1.3 billion people in one country but much will d...


Retirement: Health Issues

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retir...

_



24185

24185


Member of BC Press Council


22707