Friday, May 29th15.5°C
26383
25263

Loonie lower

The Canadian dollar declined Wednesday amid data showing slightly fewer housing starts last month and an advance in oil and copper prices on global markets.

The loonie was down 0.06 of a cent to 101.29 cents US as Canada Mortgage and Housing Corp. reported that December starts came in at a seasonally adjusted annual rate of 197,976. That was down slightly from 201,376 in November but still higher than the 195,000 that economists had expected.

CMHC said the decline was due to fewer starts in rural areas of the country while Canadian urban starts remained stable.

"Today's data suggest that the homebuilding sector, once an engine of growth for the Canadian economy, is on a clear softening trend," said CIBC World Markets economist Emanuella Enenajor.

The Canadian Press


Read more Business News

26416


Recent Trending




Today's Market
S&P TSX15033.51-73.47
S&P CDNX692.63+0.47
DJIA18066.46-59.66
Nasdaq5086.25-11.73
S&P 5002115.50-5.29
CDN Dollar0.8010-0.0036
Gold1187.40-16.90
Oil58.90+0.53
Lumber273.90+1.40
Natural Gas2.81-0.01

 
Okanagan Companies
Pacific Safety0.14+0.01
Knighthawk0.010.00
QHR Technologies Inc1.50+0.02
Cantex0.03-0.01
Anavex Life Sciences0.3925-0.0075
Metalex Ventures0.07-0.01
Russel Metals25.11-0.09
Copper Mountain Mining1.36+0.06
Colorado Resources0.10-0.01
ReliaBrand Inc0.0129-0.0010
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.15-0.00
Decisive Dividend Corporation2.10+0.16

 



26407

FEATURED Property
2127913#138--5300 HUSTON RD
4 bedrooms 3 baths
$449,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Yard sale pricing

Photo: Thinkstock.comI have deliberately abridged this household tips article to illustrate pricing strategies. "Tips For Pricing Yard Sale Items” was written by Lynnette Walczak, and publi...


What's a robo-advisor?

Photo: ContributedIt can only be attributable to human error. -Hal, 2001: A Space Odyssey For most of us who are within thinking distance of retirement, the term “robo” conjures up image...


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...

_



26363

26418


Member of BC Press Council


25334