NEWS
03/31/2016 11:40 EDT | Updated 04/01/2017 01:12 EDT

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