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C$ firms with Fed meeting in spotlight TORONTO: The Canadian dollar firmed against its US counterpart on Tuesday as investors positioned themselves ahead of Wednesday's Federal Reserve interest rate decision.The price of oil, a major Canadian export, remained under pressure amid a sell-off in Chinese stocks and concerns about oversupply, but was a touch higher after sliding earlier in the session.The US central bank kicks off a two-day meeting on Tuesday and will issue its policy statement on Wednesday. Some expect the Fed to give a clearer signal as to when it will hike interest rates, with many economists forecasting September.Slowing growth in China, the world's second largest economy, and soft commodity prices have spurred speculation that the Fed could delay a rate hike - the first since 2006 - until next year.A US rate hike this year would be in divergence to the Bank of Canada, which has already cut rates by 25 basis points twice ...

Dollar rebounds against euro, yen as focus turns to Fed NEW YORK: The US dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the greenback on expectations that the Federal Reserve could take a hawkish bias in a policy statement on Wednesday.Traders said anticipation that the central bank could reinforce expectations for a September rate hike helped boost the dollar after the biggest dive in Chinese equity markets in eight years had weighed on ...
Dollar tumbles after China share plunge spurs flight to safety NEW YORK: The US dollar hovered around a nearly two-week low against a basket of major currencies on Monday after the biggest drop in Shanghai shares in eight years drove demand for the safe-haven yen and led traders to trim bets against the euro. Shanghai stocks tumbled 8.5 percent, dragging European shares down more than 2 percent and the US benchmark S&P 500 index to its lowest in more than two weeks. Analysts said traders ...
C$ dives to 2004 lows as US$ firms, commodities concerns grow TORONTO: The Canadian dollar crashed through 2009 lows against the US dollar on Friday to trade at levels not seen since 2004, pushed down by a stronger greenback and broad concerns that slow global economic growth will hurt commodities-driven currencies.The move came as the price of oil, a major Canadian export, stabilized but remained below $49 a barrel. Weaker-than-expected economic data from China, the world's biggest metals consumer, sent currencies linked to global commodity prices, ...
Weak overseas economic growth boosts dollar, Aussie at 6-year low NEW YORK: The US dollar rose against most other major currencies on Friday on data pointing to sluggish overseas economic growth, while the Australian dollar sagged to a six-year low after a Chinese manufacturing gauge fell to its weakest level in 15 months. Recent US figures have supported the notion that the Federal Reserve sees the economy as strong enough for it to end its near zero interest rate policy as early as September, an ...
Dollar rebounds after drop, sterling rises NEW YORK: The dollar rose on Wednesday after its biggest fall in a month the previous session, while sterling gained in response to minutes from the Bank of England's last meeting that suggested some policymakers support higher interest rates. The yen held its ground against the dollar and strengthened against the euro after Bank of Japan Governor Haruhiko Kuroda on Tuesday said he expected inflation to accelerate and brushed off the idea of more monetary ...
Dollar slips from 3-month peak, gold helps commodity currencies NEW YORK: The dollar retreated from a three-month high against a basket of currencies on Tuesday on mild profit-taking, while commodity-related currencies stabilized on a pause in gold's recent sell-off.Traders dialed back their short-term bearish bets on the euro in light volume as Greece proceeded to adopt the tough measures required by its lenders to obtain cash and avert bankruptcy. The dollar is expected to strengthen again in the coming weeks as traders anticipate the ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln