Friday, August 22nd19.8°C
22568

Loonie dives half a cent

The dollar pulled back more than half a cent early Friday after Statistics Canada reported the country's inflation rate fell to its lowest level in more than three years.

The loonie was down 0.52 of a cent to 100.77 cents US before stock markets opened.

Statistics Canada said the annual inflation rate dropped to 0.8 per cent in November, affected primarily by lower gasoline prices and discounting by car dealers to attract sales. Economists had been expecting inflation rate would be 1.0 per cent, a drop of two-tenths of a per cent from the rate in October.

The agency also reported Canada's gross domestic product grew 0.1 per cent in October.

The Canadian Press


Read more Business News

22439


Recent Trending




Today's Market
S&P TSX15538.99-16.27
S&P CDNX1004.712.51
DJIA17009.18-30.31
Nasdaq4541.497+9.393
S&P 5001989.54-2.83
CDN Dollar0.9138-0.0002
Gold1279.10+5.40
Oil96.30+1.82
Lumber352.80-2.80
Natural Gas3.845-0.044

 
Okanagan Companies
Pacific Safety0.18-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.20-0.01
Cantex0.065-0.005
Anavex Life Sciences0.265+0.005
Metalex Ventures0.08+0.005
Russel Metals36.67-0.92
Copper Mountain Mining3.02+0.14
Colorado Resources0.175-0.01
ReliaBrand Inc0.08-0.015
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.24+0.025

 



22439

FEATURED Property
19170318-1450 Rose Meadow
3 bedrooms 2 baths
$389,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...


Cost of an Injury Lawyer

Let’s face it; nobody wants to pay for legal services if they do not have to, but if you have been injured in an accident you may have thought about hiring a lawyer to help you navigate your cla...

_



23002

22854


Member of BC Press Council


22097