Close X
Thursday, November 14, 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

    Transit Sex Offender Jason Taylor Convicted Of Two More Counts After Coquitlam Women Assaulted

    Transit Sex Offender Jason Taylor Convicted Of Two More Counts After Coquitlam Women Assaulted
    Taylor was seen sexually assaulting a young woman on a bus in Burnaby last May and that a witness contacted the agency

    Transit Sex Offender Jason Taylor Convicted Of Two More Counts After Coquitlam Women Assaulted

    Shooting In Newton: Intended Victims Not Co-operating As Surrey Police Probe Latest Attack

    Shooting In Newton: Intended Victims Not Co-operating As Surrey Police Probe Latest Attack
    Police say witnesses from outside the house reported seeing a man, described as South Asian, wearing a mask and running from the scene.

    Shooting In Newton: Intended Victims Not Co-operating As Surrey Police Probe Latest Attack

    Surrey Man Saleh Mohammed Faces More Than A Dozen Drug, Weapons And Assault Charges

    Surrey Man Saleh Mohammed Faces More Than A Dozen Drug, Weapons And Assault Charges
    Police say when they arrested the man they found an AK47 assault rifle, a handgun and a large amount of cocaine and heroin inside the vehicle.

    Surrey Man Saleh Mohammed Faces More Than A Dozen Drug, Weapons And Assault Charges

    Filming Of Movie On Indo-Canadian Boxer Pardeep Nagra Underway In US

    Filming Of Movie On Indo-Canadian Boxer Pardeep Nagra Underway In US
    The filming of a movie based on the true story of a Sikh boxer, who was barred from the sport as he refused to shave his beard, is underway at a US university.

    Filming Of Movie On Indo-Canadian Boxer Pardeep Nagra Underway In US

    Man Pleads Guilty To Sex Attack On Six-Year-Old Girl On Alberta Reserve

    Man Pleads Guilty To Sex Attack On Six-Year-Old Girl On Alberta Reserve
    People on the Paul First Nation found the girl's partially clad body in the snow a few days before last Christmas.

    Man Pleads Guilty To Sex Attack On Six-Year-Old Girl On Alberta Reserve

    UBC In Damage Control Mode After Failing Sexual Assault Complainants: Alumni

    UBC In Damage Control Mode After Failing Sexual Assault Complainants: Alumni
    Glynnis Kirchmeier, who is planning to launch a human-rights case against UBC, published an open letter to the university's interim president on Tuesday.

    UBC In Damage Control Mode After Failing Sexual Assault Complainants: Alumni