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C$ lifted by factory data; eyes on Bank of Canada TORONTO: The Canadian dollar strengthened against the greenback on Tuesday after data showed factory sales rose strongly in July, with the currency extending its recovery from the more than five-month low it hit the previous session.Markets were looking ahead to a speech by the head of the Bank of Canada later in the day. In his first speech since the central bank reaffirmed its neutral policy stance earlier this month, Governor Stephen Poloz will talk on the topic of the role of a floating exchange rate. A press conference will follow."I don't think he will deviate too much from what we have heard on multiple occasions from the Bank of Canada and Mr. Poloz in particular," said Martin Schwerdtfeger, FX strategist at TD Securities in Toronto."Relatively recently he has stressed while weaker Canadian dollar might be supportive for some of the Canadian exports, on the other hand it also hinders ...

Dollar inches lower ahead of Fed meeting outcome NEW YORK: The dollar slipped on Tuesday as investors booked profit on the currency's recent rally ahead of a Federal Reserve meeting that could potentially turn more upbeat on the U.S. economy and flag an interest-rate increase sooner rather than later.The dollar index, a measure of the greenback's value against six major currencies, was on track for its 10th weekly gain. Since May, the index has gained nearly six percent, but on Tuesday, it dipped ...
Dollar climbs as Fed seen turning more hawkish this week NEW YORK: The dollar rose against major currencies on Monday, bolstered by expectations the Federal Reserve this week will acknowledge anew improvements in the US economy and provide fresh details about the US central bank's looming tightening policy. The dollar index, a measure of the greenback's value against six major currencies, has posted weekly gains for nine straight weeks on evidence the US economy has continued to gain traction relative to other major nations.The index ...
C$ firms as it bounces off key resistance level TORONTO: The Canadian dollar firmed against the greenback on Monday, recovering from a more than five-month low hit overnight as the currency pairing backed away from resistance at C$1.11.Investors started the week with some major events on the horizon, including a policy statement by the US Federal Reserve on Wednesday and a speech from the head of the Bank of Canada on Tuesday.Also, Scotland's referendum on whether to leave the United Kingdom will come on ...
C$ firms as bounces off key resistance level TORONTO: The Canadian dollar firmed against the greenback on Monday, bouncing back from a more than five-month low hit overnight, even after data over the weekend showed the Chinese economy lost steam in August.Investors started the week with some major events on the horizon, including a policy statement from the US Federal Reserve on Wednesday and a speech from the head of the Bank of Canada on Tuesday.Scotland's vote on whether to leave the United ...
Dollar gains as markets price in a hawkish Fed NEW YORK: The dollar rose against major currencies on Monday, bolstered by expectations the Federal Reserve this week will acknowledge anew improvements in the U.S. economy and provide fresh details about the central bank's looming tightening cycle.The dollar index, a measure of the greenback's value against six major currencies, has posted weekly gains for nine straight weeks on evidence the U.S. economy has continued to gain traction relative to other major nations.The Federal Open Market ...
Yen falls further, pound higher as Scotland vote looms NEW YORK: The yen fell again against the dollar and euro Friday while the pound edged higher amid polls in Scotland showing a small majority against breaking from the United Kingdom.The euro meanwhile gained on the dollar, while remaining below the $1.30 line.Markets remain on edge ahead of the Federal Reserve's policy meeting next week where a slightly less dovish tone could emerge and the Scottish independence referendum next Thursday.The pound sank last week after ...

 



 
Index Closing Chg%
Arrow DJIA 17,131.97 0.59
Arrow Nasdaq 4,552.76 0.75
Arrow S&P 1,998.98 0.75
Arrow FTSE 6,792.24 0.18
Arrow DAX 9,632.93 0.28
Arrow CAC-40 4,409.15 0.44
Arrow Nikkei 15,911.53 0.23
Arrow H.Seng 24,136.01 0.91
Arrow Sensex 26,492.51 1.21





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 15, 2014
Reserves $13.414 bln