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.
Read more Business News
- Okanagan schools reach perfectionCentral Okanagan - 10:27 am
- Drunk driver tries to escape in cabVernon / N. Okanagan - 10:28 am
- Powerful earthquake shakes CaliforniaWorld - 6:17 am
- Mystery deepens over missing planeWorld - 7:15 am
|QHR Technologies Inc||1.15||-0.03|
|Anavex Life Sciences||0.55||+0.13|
|Copper Mountain Mining||2.13||-0.07|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.275||-0.02|
How will you pay for this today? Maybe it’s time to change the way you answer this common checkout question.With more payment options than ever, consumers can find easy ways to save money, simpl...
In the razzle dazzle of Hollywood it is hard to find anyone who stands out from the crowd. The fraternity of Actors, Producers, Directors and various other technical guru’s seem to live in a wo...
This past Sunday I drove from Kelowna to Powell River. For those of you who’ve never had to, particularly in winter, it means rising in the wee hours; managing a treacherous journey on the Coqui...