Close X
Tuesday, November 12, 2024
ADVT 
International

Canadian Dollar Flies Above 70 Cents U.S. As Stock Markets Turn Around

Darpan News Desk The Canadian Press, 21 Jan, 2016 11:35 AM
    TORONTO — The Canadian dollar was gaining strength Thursday morning, trading above 70 cents U.S., as North American stock markets advanced modestly and the price of oil rose.
     
    The loonie was at 70.06 cents U.S. in late morning trading — more than a full cent above its close on Wednesday.
     
    The Toronto Stock Exchange's S&P/TSX composite index was up 42.22 points at 11,885.33 after 90 minutes of trading.
     
    On Wednesday, it ended the day down 159.13 points at 11,843.11, its lowest close since June 24, 2013, when it finished at 11,836.86.
     
    Similarly, a revived Dow Jones industrial average was up 97.45 points at 15,864.19 with nearly five hours left in the trading day.
     
    The broader S&P 500 index was up 9.41 points at 1,868.74 points and the Nasdaq 100 was up 18.50 points at 4,154.79.
     
    Major European indexes were up slightly near the end of their trading day but the Shanghai, Tokyo and Hong Kong markets closed lower before the North American trading day began.
     
    On the commodity markets, the March crude contract was at US$28.56, up 21 cents.
     
    The February gold contracts were at US$1,096.90, down $8.30.

    MORE International ARTICLES

    South Asia Fastest Growing Region In World: Report

    South Asia Fastest Growing Region In World: Report
    Far from being a non-performing region, South Asia is today the fastest growing region in the world, says a new report released on Thursday.

    South Asia Fastest Growing Region In World: Report

    $4 Bn Pledged For Nepal's Rebuilding; India Tops With $1 Bn

    $4 Bn Pledged For Nepal's Rebuilding; India Tops With $1 Bn
    Nepal was ravaged by a 7.9-magnitude earthquake on April 25 that killed over 8,800 people and left over 100,000 injured, one million displaced and damaged some one million private and public houses, structures and buildings. 

    $4 Bn Pledged For Nepal's Rebuilding; India Tops With $1 Bn

    Pakistan Rejects Afghan Spy Agency's Claim On Parliament Attack

    Pakistan Rejects Afghan Spy Agency's Claim On Parliament Attack
    Pakistan on Thursday rejected a claim by the Afghan intelligence agency that an officer of Pakistan's spy agency, the Inter-Services Intelligence, and the Haqqani Network were involved in the attack on the Afghan parliament earlier this week.

    Pakistan Rejects Afghan Spy Agency's Claim On Parliament Attack

    Gurudwara Holds Iftar For Muslims In UAE

    Gurudwara Holds Iftar For Muslims In UAE
    The gurudwara in Jebel Ali organised the iftar for the second consecutive year. The guests of honour were people from Al Manar - a Quran study Centre, the Khaleej Times said.

    Gurudwara Holds Iftar For Muslims In UAE

    Bobby Jindal, 44, Set To Join White House Race

    US-born son of immigrant parents from India, he converted from Hinduism to Christianity as a teen, and was later baptised a Catholic as a student at Brown University.

    Bobby Jindal, 44, Set To Join White House Race

    South Carolina's Indian-American Governor Nikki Haley Calls For Removal Of 'Secessionist' Flag

    South Carolina's Indian-American Governor Nikki Haley Calls For Removal Of 'Secessionist' Flag
    One hundred and fifty years after the end of the American civil war, South Carolina's Indian-American governor Nikki Haley finally added her powerful voice to growing demands for removing the rebel Confederate flag from the State Capitol.

    South Carolina's Indian-American Governor Nikki Haley Calls For Removal Of 'Secessionist' Flag