Canadian dollar remains below 70 cents US, oil steady

TORONTO - The Canadian dollar continued to trade below 70 cents US for a second day, after closing below that level on Wednesday for the first time since April 2003.

See Full Article

The loonie was at 69.64 cents US a half-hour before North American stock markets were to open Thursday, down 0.07 of a U.S. cent from the currency's previous close in Toronto.

On the commodity markets, the February gold contract was down $1.90 at US$1,085.20 an ounce and the February crude contract was up 34 cents at US$30.82 per barrel -- still at near the lowest levels in years.

The Dow Jones index futures were up 83 points at 16,139 points and S&P 500 futures advanced 12 points to 1,893, although most major overseas markets were down.

On Wednesday, the Toronto Stock Exchange's S&P/TSX composite index lost 203.49 points at 12,170.41, marking its 10th losing day in 11 trading sessions since the Christmas break.



Advertisements

Latest Economic News

  • Homeland Security chief mulling greatly expanded airplane laptop ban

    Economic CBC News
    Department of Homeland Security Secretary John Kelly said Sunday he's considering banning laptops from the passenger cabins of all international flights to and from the United States. That would dramatically expand a ban announced in March that affects about 50 flights per day from 10 cities, mostly in the Middle East. Source
  • U.S. mulls banning laptops on all flights to and from the country

    Economic CTV News
    WASHINGTON -- Homeland Security Secretary John Kelly said Sunday he's considering banning laptops from the passenger cabins of all international flights to and from the United States. That would dramatically expand a ban announced in March that affects about 50 flights per day from 10 cities, mostly in the Middle East. Source
  • Most Airbnb hosts still not registered in Quebec under year-old regulations

    Economic CTV News
    The majority of Quebecers who list their properties on Airbnb and other home rental websites are not registering with the province, just over a year since it implemented a law regulating them, new data suggests. Source
  • Advocate calls for chicken irradiation in Canada

    Economic CTV News
    A consumer advocate is pushing Ottawa to promote the irradiation of chicken to kill illness-causing bugs and to do a better job of getting buyers on board. Bruce Cran of the Consumers Association of Canada said the federal government has done "an incompetent job" informing Canadians that irradiation is safe and he worries that a lack of action could lead to a deadly outbreak. Source
  • British Airways aims to recover from IT failure

    Economic CTV News
    LONDON -- British Airways said Sunday it was still working to restore its computer systems but hoped to resume flights from London airports, a day after a global IT failure crippled its services. The airline said that it hopes to operate a "near normal schedule" at Gatwick and the "majority of services" from Heathrow on Sunday. Source
  • British Airways says most flights running; angry passengers face delays

    Economic CTV News
    LONDON -- British Airways said many of its IT systems were back up and running Sunday, but some travellers will likely face cancellations and delays for a third straight day after a global computer failure grounded hundreds of flights. Source
  • Canadian teenagers smarter than most about money, OECD finds

    Economic CBC News
    Canadian teenagers are more financially literate than most people their age in other rich countries, but more than one out of eight still fails to meet what the OECD considers a baseline level of proficiency in the topic. Source
  • People with serious food allergies want impostors to stop faking it in restaurants

    Economic CBC News
    Sarah Elliott has had it with people faking food allergies in restaurants. She has life-threatening allergies to eggs, dairy and nuts and fears the impostors are hurting her chances of safely dining out. Source
  • GM's emissions scandal and dangerous avocados: CBC's Marketplace consumer cheat sheet

    Economic CBC News
    If you've been too busy to follow the consumer news this week, here's our cheat sheet. And you can get the Marketplace newsletter in your inbox every week. GM accused of emissions cheating A class-action suit in the U.S. Source
  • CN Rail employees issue strike notice

    Economic CTV News
    MONTREAL -- A union representing employees at CN Rail is threatening job action to back contract demands. The Teamsters union has given the company 72 hour strike notice and could legally walk off the job Tuesday morning. Source