Loonie soars above 82 cents US, TSX down
Canada's dollar closed above 82 cents US, building on the upward push it got yesterday when it reached its highest level in more than two years following the Bank of Canada's rate hike announcement.
The loonie gained 0.74 of a cent to close at 82.53 cent US, according to Bloomberg.
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Meanwhile, the Toronto Stock Exchange's S&P/TSX composite index experienced another day of moderate losses, dropping 35.30 points to 15,024.53.
On Wall Street, major stock indexes were mixed, as investors weighed the prospects of big losses from Hurricane Irma.
The Dow Jones industrial average gave back 22.86 points to 21,784.78 and the S&P 500 index inched down 0.44 of a point to 2,465.10.
The Nasdaq composite index was up 4.56 points to 6,397.87.
In commodities news, gold soared to its highest level in a year when the December bullion contract advanced $11.30 to $1,350.30 US an ounce.
The October crude contract was down seven cents to $49.09 US per barrel, the October natural gas contract advanced two cents to $2.98 US per mmBTU, and the December copper contract declined a cent at $3.14 US a pound.