Loonie falls back
Toronto – The Canadian dollar retreated Friday amid sliding oil and gold prices, giving back some of the previous day’s solid advance.
The loonie declined 0.11 of a cent to 95.79 cents US. The currency had advanced over half a U.S. cent Thursday after Statistics Canada said gross domestic product grew by 0.3 per cent in August against the 0.2 per cent rise that was expected.
The loonie’s retreat came despite encouraging economic readings Friday in the United States and China, two major trading partners.
Kitchener Record – Saturday Nov. 2 2013
Financial Security Advisor
Life Insurance Broker
Office: (519) 648-9580
Fax: (519) 489-2740
244 Woolwich St. South, Unit #1 ~ P.O. Box 261 Breslau, ON ~ N0B 1M0