Ross Healy and Canadian Dollar

Haruhiko Kuroda: The loonie was among currencies helped by the softening greenback, rising 0.55 of a U.S. cent to 81.55 cents, according to The Toronto Star. Canada is having a good day including, of course, the fact that the Canadian dollar has gained about half a per cent, said Ross Healy, chairman of Strategic Analysis Corp. in Toronto. The S&P/TSX composite index finished up 71.33 points at 14,889.04 as oil prices continued to trend above $60 a barrel and other commodities also advanced amid general U.S. dollar weakness. I think we would have to really trace it all back and thank the governor of the Bank of Japan, Healy said, referring to comments earlier in the day by governor Haruhiko Kuroda, who said Japanese interest rates could not go any lower, prompting a rally in the yen and subsequently other currencies against the U.S. dollar.A lower U.S. dollar tends to benefit the price of oil and metals, which in turn supports the commodity-heavy Toronto market. South of the border, the Dow Jones industrial average shot up a whopping 236.6 points to 18,000.40, ending a four-day slide and erasing its loss for the year to date. The July contract for benchmark West Texas Intermediate crude settled up $1.29 at $61.43 a barrel, while August gold gained $9 to $1,186.10 an ounce. (news.financializer.com). As reported in the news.