Loonie, Toronto stock market edge up after falling on Thursday

TORONTO -- The Canadian dollar and Toronto Stock Exchange were showing signs of improvement Friday morning.

The loonie started the day with a small decline but later gained one-tenth of a U.S.

See Full Article

cent, rising 0.10 to 71.78 cents US -- still near 11-year lows.

The Toronto Stock Exchange was also off to a positive start Friday, with the S&P/TSX composite index rising 44.54 points to 13,054.47 shortly after trading began. The index fell 156.15 points on Thursday.

In New York this morning, the Dow Jones average of 30 stocks was down 122.13 points at 17,373.71, the broader S&P 500 index declined 11.47 points to 2,030.42 and the Nasdaq fell 11.19 points to 4,991.36.

On the commodity markets, the February gold contract rose $13.40 to US$1,063.00 an ounce, the January crude contract was up four cents at US$34.99 per barrel and the January contract for natural gas was up five cents at US$1,80.

On Thursday, the Canada's dollar fell 0.86 of a U.S. cent as it felt the impact of a stronger American dollar and weak commodity markets.



Advertisements

Latest Economic News

  • 'So many questions': Shopper puzzled by snow globe 'May cause cancer!' warning

    Economic CTV News
    For years, cancer-causing products such as cigarettes have come with warning labels, but consumers at a Calgary-area hardware store were left scratching their heads when they picked up a home d├ęcor product and found a label warning of its possible health risks. Source
  • EU starts legal action against four countries over VW emissions

    Economic CTV News
    BRUSSELS -- The European Union is starting legal action against Britain, Germany, Spain and Luxembourg for not imposing penalties against Volkswagen for using illegal software to hide vehicle emissions. The European Commission also said Thursday that it believes Britain and Germany "broke the law by refusing to disclose, when requested by the Commission, all the technical information" they gathered on Volkswagen emissions. Source
  • Who knew? Canada is home to the multi-billion dollar toy company behind Hatchimals

    Economic CBC News
    Quick. Can you name the Canadian toy company that's growing faster than Mattel, Hasbro and Lego? No need to worry if you can't. But ask any child between three and nine years old and they probably can. Source
  • Announcement today on first Canadian woman to feature on front of banknote

    Economic CTV News
    TORONTO - The Bank of Canada and the federal finance minister will announce later today which Canadian woman will grace the front of the country's next banknote. The five women in contention for the honour are activist Viola Desmond, poet Emily Pauline Johnson, engineer Elizabeth (Elsie) MacGill, athlete Fanny (Bobbie) Rosenfeld and suffragette Idola Saint-Jean. Source
  • Viola Desmond to appear on new Canadian banknote

    Economic CTV News
    OTTAWA -- Viola Desmond, often described as Canada's Rosa Parks for her 1946 decision to sit in a whites-only section of a Nova Scotia movie theatre, will be the first woman to be celebrated on the face of a Canadian banknote. Source
  • Urban business leaders push government to improve Canadian airport policies

    Economic CTV News
    MONTREAL - A coalition of business leaders in Canada's largest cities is putting pressure on Ottawa to reduce security screening times and cut travelling costs to bolster a prime engine of the country's economy. In its first political foray, the Canadian Global Cities Council is pushing to make airports more internationally competitive in order to attract more tourists, enhance economic activity and improve the travelling experience. Source
  • Asian stocks rise ahead of European Central Bank decision

    Economic CTV News
    SEOUL, Korea, Republic Of - Asian shares rose on Thursday after an overnight surge on U.S. markets. Investors were focused on the European Central Bank's meeting later in the day. KEEPING SCORE: Japan's Nikkei 225 rose 0.9 per cent to 18,654.93 while South Korea's Kospi jumped 1.3 per cent to 2,016.99. Source
  • Economists meet with Alberta officials, say worst appears to be over

    Economic CTV News
    EDMONTON - Alberta Finance Minister Joe Ceci met with key economists to look ahead to 2017, with the consensus being the worst is over for the provincial economy. But Avery Shenfeld, chief economist of CIBC, says how much things will improve is still up in the air and tied to the price of oil. Source
  • Dow Jones, S&P 500 rallies to record highs; TSX racks up 100 points

    Economic CTV News
    TORONTO -- Major North American stock markets pushed higher, with the Dow Jones and S&P 500 hitting record levels, as anticipation builds over the corporate policies of U.S. president-elect Donald Trump. In New York, the Dow Jones industrial average surged 297.84 points at 19,549.62, while the S&P 500 added 29.12 points at 2,241.35. Source
  • Bovine TB: More cattle quarantined, but officials 'optimistic' worst is over

    Economic CTV News
    OTTAWA - The quarantine of cattle in a western Canada bovine tuberculosis outbreak continues to grow, even as no new confirmed cases of the disease have been found. Officials say, however, they are cautiously optimistic that the number of animals quarantined may have peaked. Source