Categories: Business

Loonie Strengthens Against Dollar

Th Loonie has begun to rebound after more than a straight week of losses showing no stop even as investors show some fear as a result of the intense showdown between North Korea and the United States.

On Bay Street, the Toronto Stock Exchange’s S&P/TSX composite index shed a moderate 40.87 points to 15,033.38.

The S&P 500 index rose 3.11 points to 2,441.32, the Dow Jones industrial average added 14.31 points to 21,858.32, and the Nasdaq composite index advanced 39.69 points to 6,256.56.

In currency markets, the Canadian dollar was trading at an average price of 78.83 cents US, up 0.16 of a cent.

Ali Taghva

Business owner, former EDA President, and a degree in Industrial Relations from Mcgill. Interested in the intersection of politics and culture. I firmly believe in a free media and work to get new stories to your screen each day.

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