Wednesday, April 16th9.3°C
19345
20363

Not much movement for Canuck buck

The Canadian dollar was slightly lower Friday amid a solid U.S. jobs report.

The loonie was down 0.01 of a cent to 100.26 cents US as the U.S. Labour Department's non-farm payrolls report said the economy created 157,000 jobs in January. It also significantly revised upward the number of jobs created in the previous two months. The Labour Department said that a total of 127,000 more jobs were created than initially thought.

The currency closed above parity Thursday for the first time in a week after Statistics Canada reported gross domestic product grew by 0.3 per cent, better than the 0.2 per cent reading that had been expected. Year over year, GDP was ahead by 1.3 per cent.

The dollar had been closing below parity since last Wednesday, hitting a six-month low late last week, after the Bank of Canada said it would likely move to hike interest rates further down the road than previously thought because of weaker economic conditions.

The Canadian Press


Read more Business News

21693


Recent Trending




Today's Market
S&P TSX14446.52+142.60
S&P CDNX997.975.87
DJIA16424.85162.29
Nasdaq4086.225+52.064
S&P 5001862.31+19.33
CDN Dollar0.9088+0.0011
Gold1302.20+2.20
Oil103.99+0.23
Lumber326.50-2.30
Natural Gas4.542+0.012

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.22-0.05
Cantex0.045-0.005
Anavex Life Sciences0.375-0.005
Metalex Ventures0.0750.00
Russel Metals30.55+0.28
Copper Mountain Mining2.42+0.10
Colorado Resources0.2650.00
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.23-0.02

 
19691


21100

FEATURED Property
18863436202 Spartan Street, Oliver
1 bedrooms 1 baths
$201,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...


Quick and nimble

Photo: ContributedFor many businesses this has been a tremendously difficult time since the 2008 crisis. Business fell off. Sales techniques that always worked, well… stopped working. Customers...


Keeping a clear focus on the future

Many times when we are gripped by fear it can be one of two mental challenges that we can learn to overcome. Photo: ContributedThe Fear is completely imaginary. In this situation there may be no fact...

_



21641

21604


Member of BC Press Council


21188