By Commodity News Service Canada
Winnipeg, April 28 – The Canadian dollar was higher against its American counterpart Tuesday morning, buoyed by encouraging words from Bank of Canada governor Stephen Poloz.
At 8:58 CDT Tuesday morning, the loonie was up 0.0019 of a cent to US$0.8290 or US$1 = C$1.2063. Poloz told a crowd he expects the Canadian economy to recover in the second half of this year. He says a pick-up in non-energy exports will lead the way.
Changes in robotics and technology will catch many Canadian businesses off-guard in the coming years, according to a report by Deloitte. The Canadian arm of the accounting firm says only 13 percent of 700 companies surveyed on the subject scored well.
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Glacier FarmMedia – The Canadian dollar was in a downturn on Thursday morning. The loonie was at US$0.7244 or US$1=C$1.3805…
Ford Motor Company announced on Thursday that net income in its first quarter fell 7 percent, or 23 cents a share. It blames the loss on weaker sales and the rollout of the new F-150 truck.
On the commodity markets the May crude contract in New York fell US$0.01 to US$56.99 a barrel. The May gold contract rose $0.80 to US$1,204.00 an ounce.
At 8:58 CDT Tuesday morning, the TSX was down 27.92 points to 15,316.16,.22.
