Posted AT 6:15 AM EST on 29/11/07
How our loonie crashed the commodities party
Commodity prices and the Canadian dollar are bouncing around in a way that's taking a lot of the fun out of investing in commodity stocks.Both gold and oil prices have soared this year, but the performance of stocks, mutual funds and exchange-traded funds in these sectors has in many cases been disappointing. Blame the dollar, said Nick Barisheff, president of Bullion Management Group, which runs the TSX-listed Millennium Bullion Fund.
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| Market | Change | Value |
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| Data delayed 15 minutes | ||
| S&P/TSX | +164.11 | 11,279.41 |
| DJIA | +190.00 | 10,098.39 |
| S&P 500 | +16.80 | 1,073.54 |
| Nasdaq | +29.17 | 2,155.22 |
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| Rank | Headline |
|---|---|
| 1. | Canadian dollar on a roll 9:44 AM
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| 2. | Magna poised to take wheel at Opel 1:38 PM
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| 3. | Royal Bank loses $50-million 9:39 AM
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| 4. | CanWest skips interest payment to conserve cash 1:43 PM
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| 5. | U.S. economic slump eases 8:45 AM
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| 6. | Gold jumps above $970/oz as dollar weakens 6:36 AM
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| 7. | Macquarie snaps up Tristone for $130-million 28/05/09 6:36 PM
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| 8. | Oil surges above $65 6:35 AM
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| 9. | UK data signals worst of downturn may be over 6:41 AM
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| 10. | Markets set to end May on a better note 10:16 AM
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| Rank | Headline |
|---|---|
| 1. | Canadian dollar on a roll 9:44 AM
|
| 2. | Magna poised to take wheel at Opel 1:38 PM
|
| 3. | Royal Bank loses $50-million 9:39 AM
|
| 4. | CanWest skips interest payment to conserve cash 1:43 PM
|
| 5. | U.S. economic slump eases 8:45 AM
|
| 6. | Gold jumps above $970/oz as dollar weakens 6:36 AM
|
| 7. | Oil surges above $65 6:35 AM
|
| 8. | Macquarie snaps up Tristone for $130-million 28/05/09 6:36 PM
|
| 9. | Economic data boosts hopes of recovery 6:30 AM
|
| 10. | Markets set to end May on a better note 10:16 AM
|
| Rank | Headline |
|---|---|
| 1. | Canadian dollar on a roll 9:44 AM
|
| 2. | Macquarie snaps up Tristone for $130-million 28/05/09 6:36 PM
|
| 3. | Magna poised to take wheel at Opel 1:38 PM
|
| 4. | Daryan Angle on Iris's Ontario expansion 01/05/09 2:01 PM
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