News

Loonie surges against U.S. dollar for second day; TSX index up, U.S. peers fall

TORONTO _ Canada’s dollar has surged again this morning, putting the loonie up more than a full cent since the end of 2016.

The loonie was at 75.71 cents US this morning, up 0.57 of a U.S. cent from the previous close.

It also gained 0.70 of a U.S. cent on Wednesday as the American dollar weakened against other major currencies including the euro, yen and British pound.

Meanwhile, the Toronto Stock Exchange’s S&P/TSX composite index was up 43.99 points at 15,560.74.

In New York, the Dow Jones industrial average lost 77.33 points to 19,864.83 and the S&P 500 declined 5.48 points to 2,265.27. The Nasdaq composite fell 0.03 points to 5,476.97.

The February crude contract slipped seven cents to US$53.33 per barrel and February natural gas fell five cents to US$3.22 per mmBTU.

The February gold contract was up $16.30 at US$1,181.60 an ounce and March copper contracts were down a cent at US$2.55 a pound.