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C$ steady as Fed moves closer to hike, oil prices rebound TORONTO: The Canadian dollar held steady against the greenback on Wednesday, as a surge in oil prices offset a strong signal from the US central bank that it was on track to raise interest rates sometime next year.The Federal Reserve altered a pledge to keep rates near zero for a "considerable time" in a show of confidence in the USeconomy.The prospect of higher interest rates helped the US dollar rally against a range of currencies."It's a nice transitionary statement. Definitely a little bit less dovish, getting into the next stage of the cycle," said David Tulk, chief Canada macro strategist at TD Securities."It's shifting the focus away from accommodation and gradually more toward the withdrawal of stimulus."The Canadian dollar finished the session at C$1.1639 to the greenback, or 85.92 US cents, little changed from Tuesday's close of C$1.1636, or 85.94 US cents.The currency, which was outperforming a number of other ...

Dollar rallies broadly after Fed signals 2015 rate hike NEW YORK: The US dollar posted its biggest daily gain against major currencies since early October on Wednesday after the Federal Reserve signaled it was on track to hike interest rates sometime next year. The dollar hit its highest levels against the euro and Swiss franc in over a week after the Fed altered a pledge to keep rates near zero for a "considerable time" in a show of confidence in the US economy. "Markets ...
Dollar gains as Fed stays course on monetary policy NEW YORK: The dollar jumped against other major currencies Wednesday as the US Federal Reserve signaled no shift in its expectation to raise interest rates in 2015.The Fed left its key interest rate, the federal funds rate, at the 0-0.25 percent level, where it has been for six years to help the US emerge from deep recession.The Federal Open Market Committee "judges that it can be patient in beginning to normalize the stance of monetary ...
C$ steady as markets await Fed, eye oil and rouble risks TORONTO: The Canadian dollar was little changed against the greenback on Wednesday as markets waited to hear what kind of tone the US Federal Reserve will adopt in its policy statement later in the session.Markets are trying to gauge when the Fed will start to raise interest rates and have zeroed in on its often-used phrase "considerable time" to see if it keeps that language in its final policy statement of 2014. The statement is ...
C$ firms on profit taking, cheap oil keeps loonie under pressure TORONTO: The Canadian dollar firmed slightly against its US counterpart on Tuesday after four straight days of declines as investors booked some profits, but with no bottom in sight for plunging crude prices and global market sentiment negative, the loonie was expected to retreat further.Volatile markets sent investors fleeing to safety a day after the Russian central bank hiked interest rates 650 basis points to 17 percent in a failed attempt to halt a collapse ...
C$ sheds more than 1/2 cent as oil takes another drubbing TORONTO: The Canadian dollar fell through C$1.16 to its weakest level against the US dollar in 5-1/2 years on Monday as crude prices hit multiyear lows after OPEC stayed resolute on its production stance.The Organization of the Petroleum Exporting Countries reaffirmed on Sunday its intention not to cut output despite a global fuel glut, while the United Arab Emirates said later there was no need for an emergency OPEC meeting to fix prices.Canada is a ...
TSX ends lower as resource stocks fall TORONTO: Canada's main stock index fell on Monday, weakening further after a 5 percent-plus drop last week despite a surge in takeover target Talisman Energy Inc shares as the broader resource-extraction industries weighed. The Toronto Stock Exchange's S&P/TSX composite index unofficially ended down 25.91 points, or 0.19 percent, at 13,705.14. Nineteen of the 20 heaviest weights were energy or mining stocks. Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln