Wed, Aug 27, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves more

Commodities rebound sends loonie, TSX soaring

Posted on 30 October 2008

From Canada.com: Not since Canada cut the Canadian dollar loose to float freely on world exchange markets nearly four decades ago has the loonie gained as much in a single day as it did Wednesday.

Catapulted by falling U.S. interest rates and a big jump in oil and other commodity prices, which also propelled Bay Street’s resource-rich benchmark TSX to a further hefty triple digit gain, the loonie leaped by a near record 3.87 cents US to 81.63 cents US, just two notches shy of the 3.89 cents US rise on June 1, 1970, when Canada moved to a floating exchange rate….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 36638 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31