Loonie gains strength but remains near 11-year lows, index futures positive

TORONTO -- The Canadian dollar strengthened Tuesday but remained near 11-year lows.

The loonie traded at 71.84 cents US, up 0.23 from Monday's close.

See Full Article

The Dow Jones futures were up 21.0 points at 17,199.0, the S&P 500 futures advanced 2.0 points to 2,016.9 and the Nasdaq gained 1.5 points to 4,564.5.

On the commodity markets, the February gold contract fell $3.40 to US$1,077.20 an ounce, the February crude contract was up nine cents at US$35.90 per barrel and the January contract for natural gas was dwon one cent at US$1.90.

On Monday, the Toronto Stock Exchange's S&P/TSX index rose 10.08 points to end the day to 13,034.38.



Advertisements

Latest Economic News

  • Boeing seeks delay in duty ruling on petition against Bombardier

    Economic CBC News
    Bombardier may have to wait an extra two months to find out if its CSeries commercial jets will be hit by punishing U.S. duties. Boeing has requested that the U.S. Commerce Department delay its preliminary determination on its petition until Sept. Source
  • Shopify sees big uptick in U.S. job applicants after Trump's election, CEO says

    Economic CTV News
    TORONTO -- Shopify's CEO says it's a great time for Canadian startups to attract talent as the U.S. government is creating an uninviting environment for a lot of people. Tobias Lutke says his company is receiving many more applications from U.S. Source
  • Shopify sees boost in applicants from U.S. after Trump's election, CEO says

    Economic CTV News
    TORONTO -- It's a great time for Canadian startups to attract top talent from south of the border as the U.S. government is creating an unwelcoming environment, the chief executive of Shopify says. "The Americans are doing a really great job of uninviting a lot of kinds of people who otherwise would go there," said Tobias Lutke, who founded the e-commerce platform firm in 2004. Source
  • Ontario proposes banning real estate agents from representing seller and buyer

    Economic CBC News
    Ontario is proposing banning the practice of double ending, in which a real estate agent represents both a buyer and a seller in a transaction. The Liberal government announced its 16-point housing plan earlier this year, with centrepiece planks of a 15 per cent foreign buyer tax and expanded rent controls. Source
  • SEC fraud charges filed against Penn West, three former finance execs

    Economic CBC News
    Two days after changing its name and vowing to put its scandal-tainted past behind it, the former Penn West Petroleum is being hit with charges by the U.S. Securities and Exchange Commission. The SEC charges allege the Calgary-based oil and gas firm and three of its former finance executives participated in a "multi-year accounting fraud" where hundreds of millions of dollars were mislabelled to improve the appearance of its operating metrics. Source
  • Penn West shares plunge after SEC files fraud charges

    Economic CBC News
    Two days after changing its name and vowing to put its scandal-tainted past behind it, the former Penn West Petroleum is being hit with charges by the U.S. Securities and Exchange Commission. The SEC charges allege the Calgary-based oil and gas firm and three of its former finance executives participated in a "multi-year accounting fraud" where hundreds of millions of dollars were mislabelled to improve the appearance of its operating metrics. Source
  • Penn West shares plunge after SEC files fraud charges involving three former execs

    Economic CTV News
    CALGARY -- Shares in Penn West Petroleum dropped sharply Wednesday morning after the U.S. Securities and Exchange Commission announced it had filed fraud-related charges against it and three former finance executives. The Calgary-based oil and gas firm's stock fell by as much as 10.34 per cent, or 18 cents, to a 52-week low of $1.56 after it was briefly halted on the Toronto Stock Exchange for the announcement of the SEC filing. Source
  • Toronto stock index up moderately on broad sector gains, loonie strengthens

    Economic CTV News
    TORONTO - Canada's main stock index is showing moderate gains from a broad range of sectors. The Toronto Stock Exchange's S&P/TSX composite index was up 58.20 points to 15,339.42, after 90 minutes of trading. Source
  • Loonie above 76 cents US as Poloz hints rate hike may be coming

    Economic CBC News
    The Canadian dollar gained three-quarters of a cent and hit its highest level in four months on Wednesday after Canada's central bank head hinted in an interview that rate hikes could be coming sooner rather than later. Source
  • Boeing seeks delay in duty ruling on petition against Bombardier CSeries

    Economic CTV News
    MONTREAL - Bombardier may have to wait an extra two months to find out if its CSeries commercial jets will be hit by punishing U.S. duties. Boeing has requested that the U.S. Commerce Department delay its preliminary determination on its petition until Sept. Source