Close X
Monday, November 11, 2024
ADVT 
National

Canadian Dollar, Toronto Stock Market Fall As Crude Prices Weaken Further

The Canadian Press, 11 Dec, 2015 11:26 AM
    TORONTO — The Canadian dollar was trading below 73 cents U.S. on Friday for the first time since mid-2004 as oil prices fell to levels not seen since the global economy was in the grips of a deep recession.
     
    The loonie was at 72.96 cents US at one point late in the morning, a decline of 0.4 cent from Thursday's close.
     
    Canada's dollar has hit several new 11-year lows since it closed last week at 74.76 cents US.
     
    On equity markets, the Toronto Stock Exchange's S&P/TSX index was down 146.88 points at 12,869.71.
     
    In New York, the Dow Jones average of 30 stocks was down 236.08 points at 17,338.67, the broader S&P 500 index fell 28.12 points to 2,024.11 and the Nasdaq lost 72.45 points to 4,972.72.
     
    On the commodity markets, the price of oil was near levels last seen in early 2009. The January contract for crude was down 87 cents at US$35.89 a barrel. The January contract for natural gas was down three cents at US$1.98 and the February gold contract was up $2.50 at US$1,074.50 an ounce.

    MORE National ARTICLES

    5th Annual VISAFF Wows Attendees With Curated Festival!

    5th Annual VISAFF Wows Attendees With Curated Festival!
    The Vancouver South Asian Film Festival 5th edition came to a rousing close following five spectacular days that featured a wide variety of films from around the world, infused with food and fetes, serving up a bountiful cinematic feast.

    5th Annual VISAFF Wows Attendees With Curated Festival!

    Syrian Refugees Arrive In Canada, Which One Family Calls 'Paradise'

    Syrian Refugees Arrive In Canada, Which One Family Calls 'Paradise'
    TORONTO — Outfitted in new winter coats and clutching their yawning 16-month-old daughter in the wee hours of Friday morning, a Syrian refugee family on the first large government flight began their new life in Canada — or, as they call it, "paradise." 

    Syrian Refugees Arrive In Canada, Which One Family Calls 'Paradise'

    Ontario Proposes Tougher Rules For Exempting School Kids From Vaccinations

    TORONTO — Ontario is looking to strengthen the requirements for parents who want to exempt school children from vaccines for non-medical reasons.

    Ontario Proposes Tougher Rules For Exempting School Kids From Vaccinations

    Justin Trudeau Liberals Poised To Restore Refugee Health Benefits Cut By Harper

    Justin Trudeau Liberals Poised To Restore Refugee Health Benefits Cut By Harper
    Health Minister Jane Philpott says an announcement will come very soon to reverse the cuts to refugee health care and, in the meantime, the needs of Syrian newcomers will be covered.

    Justin Trudeau Liberals Poised To Restore Refugee Health Benefits Cut By Harper

    Calgary Man Who Stabbed Neighbour 37 Times Sentenced To Seven Years

    Calgary Man Who Stabbed Neighbour 37 Times Sentenced To Seven Years
    CALGARY — A man who argued he was fending off an attempted sex assault when he stabbed his new neighbour 37 times has been sentenced to seven years in prison.

    Calgary Man Who Stabbed Neighbour 37 Times Sentenced To Seven Years

    Winnipeg Police Make Arrest In Case Of Dead Teenager Tina Fontaine

    Fontaine was 15 years old when her body, wrapped in a bag, was found in the Red River in August 2014.

    Winnipeg Police Make Arrest In Case Of Dead Teenager Tina Fontaine

    PrevNext