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C$ retreats as US dollar rallies on ECB TORONTO: The Canadian dollar gave back all of the previous session's gains on Thursday as the US dollar strengthened to 11-1/2 year highs against a basket of currencies after the European Central Bank said it will launch a massive bond-buying program to boost the economy.The ECB also raised its economic growth forecasts but cut its inflation projection for 2015 to zero, reflecting the impact of last year's sharp drop in oil prices and euro weakness.The loonie had strengthened sharply in the previous session after the Bank of Canada kept interest rates steady and indicated it was happy with how the market and the economy had reacted to its surprise 25 basis point interest rate cut in January."The bigger story for the Canadian dollar is the focus has just shifted away from the Bank of Canada to the more global picture," said Camilla Sutton, chief currency strategist at Scotiabank."All of the ...

Euro sells off to record low as dollar hits peak vs index NEW YORK: The euro slumped on Thursday to record lows just above $1.10 and the U.S. dollar added to gains against an index of currencies after the European Central Bank said it will launch a massive bond-buying program next week meant to boost economic growth.The euro zone common currency, which has lost nearly 15 percent against the dollar in six months, was last off 0.4 percent at $1.1034 after striking a fresh 11-1/2-year low of ...
Euro dips below $1.10 for first time since 2003 NEW YORK: The euro extended a long slide on Thursday and traded below $1.10 for the first time since September 2003 on selling coming after the European Central Bank said it will begin massive bond buying next week.The euro traded as low as $1.0988 before recovering to $1.1002, off 0.70 percent for the day, according to Thomson Reuters data.Copyright Reuters, 2015 ...
Euro sinks below $1.10; dollar index hits 11-1/2 year peak NEW YORK: The euro fell on Thursday below $1.10 for the first time since 2003 and the U.S. dollar added to gains against an index of currencies after the European Central Bank said it will next week launch a massive bond-buying program meant to boost economic growth.The euro zone common currency, which has lost 15 percent against the dollar in six months, briefly traded under $1.10 for the first time since September 2003 and hit ...
C$ slips as US$ firms on ECB comments TORONTO: The Canadian dollar retreated on Thursday against the greenback, which strengthened following comments by the European Central Bank that underscored the strength of the US economy compared with those of other countries.The European Central Bank raised its economic growth forecasts on Thursday but cut its inflation projection for 2015 to zero, reflecting the impact of last year's sharp drop in oil prices and euro weakness.The loonie had strengthened sharply in the previous session after ...
C$ firms as rate-cut expectations scaled back TORONTO: The Canadian dollar strengthened sharply against its US counterpart on Wednesday after the Bank of Canada kept interest rates steady and signaled it was satisfied with how the market and the economy reacted to its surprise rate cut in January.The bank kept its benchmark overnight interest rate at 0.75 percent and said that inflation risks were more balanced following its unexpected 25 basis point rate cut in January.Before the bank's statement on Wednesday, the ...
C$ stronger after Bank of Canada holds rates TORONTO: The Canadian dollar strengthened to a session high against its U.S. counterpart on Wednesday after the Bank of Canada kept interest rates unchanged and said it was satisfied with how the market and the economy had reacted to its surprise cut in January.The Canadian dollar firmed to $1.2449 to greenback, or 80.32 U.S. cents, much stronger than just prior to the announcement and stronger than Tuesday's finish at C$1.2490, or 80.06 U.S. cents.Copyright Reuters, ...

 



 
IndexClosingChg%
ArrowDJIA 18,096.90 0.58
ArrowNasdaq 4,967.14 0.26
ArrowS&P 2,098.53 0.44
ArrowFTSE 6,919.24 0.44
ArrowDAX 11,390.38 0.98
ArrowCAC-40 4,917.35 0.99
ArrowNikkei 18,703.60 0.59
ArrowH.Seng 24,465.38 0.96
ArrowSensex 29,380.73 0.72







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln