Loonie flat amid U.S. political gridlock, possible government shutdown
Sep 26, 2013 / 8:56 pm
TORONTO - The Canadian dollar closed unchanged Thursday as traders kept an eye on an acrimonious budget battle in Washington that could result in a government shutdown.
The loonie closed at 96.96 cents US as two financial deadlines for the U.S. government loom.
Congress needs to pass a funding bill to keep the federal government operating after Oct. 1, when its new fiscal year starts. And the country's borrowing limit needs to be raised before Oct. 17.
Markets are nervous as investors remember the summer of 2011 when a similar situation roiled markets at a time when Europeâ€™s debt crisis was flaring, and prompted Standard & Poorâ€™s to strip the U.S. of its triple A credit rating.
Commodity prices were mixed with the November contract on the New York mercantile Exchange up 37 cents to US$103.03 a barrel.
December copper gained three cents to US$3.31 a pound. But gold bullion prices lost early momentum and the December contract in New York fell $12.10 to US$1,324.10 an ounce.
Read more Business News
|QHR Technologies Inc||1.11||+0.05|
|Anavex Life Sciences||0.34||-0.055|
|Copper Mountain Mining||1.55||+0.08|
Opportunities to Be Aware of This Year As the 2013 year is coming to an end, individuals should be mindful of year-end tax planning opportunities that will need to be implemented prior to December 31s...
When was the last time you thought about your mortgage? Most people take out a mortgage with their bank for five years and then forget about it. When you took out that mortgage did anyone discuss ot...
Recently, people have been asking me about my recent Stand Up Paddle adventure around the entire Okanagan Lake. Here is an excerpt from an article I wrote with a link at the end to the complete artic...
- US new-home sales jump in October to seasonally adjusted annual rate of 444,000
- Board changes expected at Barrick should boost investor sentiment
- Survey: US businesses add 215,000 jobs in November, the most in 12 months
- Descartes reports record Q3 revenue, net income falls, following acquisition
- Three years in the making, Canada's anti-spam law coming into force next year
- Rogers snaps up naming rights to future downtown home of Edmonton Oilers
- Sun Media cutting 200 jobs across the company including about 50 from editorial
- Conservatives and NDP battle in war of words over competing energy policies
- BOC to hold interest rates
- Most actively traded companies on the TSX, TSX Venture Exchange markets
- Canadian Press NewsAlert: BoC keeps key interest rate unchanged at one per cent
- TSX drops 100 points, Bank of Montreal falls 4.5% as earnings report disappoints