Rising Oil Prices

rising oil prices: The loonie closed at 80.49 US, up 0.9 of a cent, after trading as high as 80.66. , according to Canadian Broadcasting Corporation. Yesterday, the dollar was below 80 cents and stocks fell after oil plunged eight per cent to the $48 US range . The Canadian dollar shot up by nearly a cent on Thursday, as rising oil prices and surprising trade numbers heartened investors. The dollar and Toronto stocks have seen wide swings in the last two weeks as the price of oil surged and sank again. (news.financializer.com). As reported in the news.