This article exists as part of the online archive for HuffPost Canada, which closed in 2021.

Loonie takes a dip, North American stock markets rise in morning trading

TORONTO — The Canadian dollar dipped in early trading, but North American stock markets were slightly positive.

The loonie was at 77.23 cents US, down 0.52 of a cent from the Wednesday close.

The move in the loonie followed a report by Statistics Canada that the Canadian economy grew more than expected in January.

Meanwhile, the S&P/TSX composite index was up 39.86 points at 13,543.84.

On U.S. markets, the Dow Jones industrial average was up 14.45 points at 17,731.11, while the broader S&P 500 composite index advanced 1.39 points to 2,065.34. The Nasdaq composite gained 10.40 points to just under 4,879.70.

The May crude oil contract was up 26 cents at US$38.68 per barrel and May natural gas was down one cent at US$1.99 per mmBTU.

The June gold contract rose $7.40 to US$1,235.0 an ounce and May copper contracts were little-changed at US$2.19 a pound.

The Canadian Press

Suggest a correction
This article exists as part of the online archive for HuffPost Canada. Certain site features have been disabled. If you have questions or concerns, please check our FAQ or contact support@huffpost.com.