Friday, April 25th2.8°C
20923
20972

Canadian dollar takes a little dip

The Canadian dollar fell slightly Tuesday morning as investors became more confident that U.S. leaders could reach a budget agreement in the coming days.

The loonie was down 0.09 of a cent to 101.57 cents US shortly before stock markets opened.

Both President Barack Obama and House Speaker John Boehner have made significant concessions, gravitating away from their entrenched positions on spending cuts and tax increases.

A new proposal softens Obama's long-held insistence that taxes rise on individuals earning more than $200,000 and families making more than $250,000. He is now offering a new threshold of $400,000 and is lowering his 10-year tax revenue goals he had argued for a few weeks ago.

Also Tuesday, the U.S. current account trade deficit narrowed in the July-September quarter to the lowest level since late 2010, but the improvement may not last.

The U.S. Commerce Department said the deficit fell to $107.5 billion in the third quarter, down nine per cent from the second quarter imbalance of $118.1 billion. It was the lowest trade gap since the final three months of 2010.

The Canadian Press


Read more Business News

21719


Recent Trending




Today's Market
S&P TSX14554.25+20.86
S&P CDNX1014.453.47
DJIA16501.650.00
Nasdaq4148.338+21.372
S&P 5001878.61+3.22
CDN Dollar0.9066-0.0008
Gold1293.90+3.40
Oil102.15-2.22
Lumber332.80+0.90
Natural Gas4.708+0.003

 
Okanagan Companies
Pacific Safety0.11-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.35+0.13
Cantex0.05+0.005
Anavex Life Sciences0.36-0.02
Metalex Ventures0.075-0.005
Russel Metals31.48+0.18
Copper Mountain Mining2.49+0.16
Colorado Resources0.265-0.005
ReliaBrand Inc0.11+0.03
Sunrise Resources Ltd0.03+0.005
Mission Ready Services0.250.00

 





FEATURED Property
17112206501 Longacre Drive
5 bedrooms 4 baths
$499,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


On living and dying

Our ability to live beyond our years has nothing to do with medical science; we will all live longer than our physical bodies, each of us will leave behind a personal legacy made up of our deeds, our ...


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...

_





20956


Member of BC Press Council