Wednesday, October 1st16.0°C
22738
22746

Loonie takes a hop up

The Canadian dollar was higher Monday as a strong Chinese economic report lifted metal prices and traders hoped for an agreement that would head off automatic tax hikes and spending cuts that could push the U.S. back into recession.

The commodity-sensitive currency rose 0.08 of a cent to 100.43 cents US.

Copper prices rose as the HSBC China manufacturing Purchasing Managers' Index rose to a final reading of 51.5, the best reading for the data since May, 2011. The reading was an upward revision from the preliminary 50.9 result and an improvement from November's PMI of 50.5.

The March contract was up three cents to US$3.62 a pound. China is the world's biggest consumer of copper, which is viewed as an economic barometer as it is used in so many applications.

However, oil prices slipped with the February contract on the New York Mercantile Exchange down 40 cents to US$90.40 a barrel.

Bullion prices also improved with the March contract ahead $8.90 to US$1,664.80 an ounce.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14805.44-155.069
S&P CDNX896.35-12.94
DJIA16804.71-238.19
Nasdaq4422.085-71.305
S&P 5001946.16-26.13
CDN Dollar0.8954+0.0024
Gold1215.20+3.60
Oil89.36-0.40
Lumber342.90+10.00
Natural Gas4.024-0.097

 
Okanagan Companies
Pacific Safety0.135+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.22-0.04
Cantex0.075+0.01
Anavex Life Sciences0.1804-0.0036
Metalex Ventures0.0550.00
Russel Metals34.68+0.11
Copper Mountain Mining2.29-0.13
Colorado Resources0.16-0.005
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.31-0.01

 



22551

FEATURED Property
1973160GREAT PRICE AND PROPERTY
$249,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_








Member of BC Press Council


23391