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C$ ekes out small gain after US GDP data TORONTO: The Canadian dollar was marginally stronger against the greenback on Thursday, recouping earlier losses, after data showed the US economy grew at a more robust pace than expected in the third quarter.US gross domestic product expanded at a 3.5 percent annual rate, the fourth quarter out of five that it grew at, or above, that level, and outpacing the 3 percent growth that economists had forecast.But details in the report hinted at some loss of momentum, with the pace of business-investment, housing and consumer-spending growth slowing from the previous quarter.The loonie's rise on Thursday did not take it much beyond Wednesday's finish."Maybe markets were looking through the headline as they should," said Benjamin Reitzes, senior economist and foreign exchange strategist at BMO Capital Markets. "The details of the report were not quite as firm as the headline. Domestic demand was not all that great in the US"At 9:23 a.m. ...

Dollar surges as Fed ends QE on hawkish note NEW YORK: Global equity markets were mixed on Thursday while the dollar surged to a three-week high and government bond yields rose, one day after the US Federal Reserve announced the end of its six-year bond-buying stimulus program.The Fed, as expected, said it would no longer add to its holdings of Treasury bonds and mortgage-backed securities, effectively ending a program that at its peak pumped $85 billion a month into the financial system to hold ...
C$ strengthens, helped by soft US data and oil TORONTO: The Canadian dollar strengthened against the US currency on Tuesday, helped by soft US data that weighed on the greenback and a slight recovery in the price of oil.The US dollar fell against a range of currencies as US durable goods and home price data disappointed investors and raised worries about the economy as Federal Reserve officials began a two-day policy meeting."The Canadian dollar is benefiting from US dollar weakness, number one. Number two, ...
Dollar slips on weak data as Fed policy-makers meet NEW YORK: The dollar fell on Tuesday, as US durable goods and home price data disappointed investors and raised worries about the economy as Federal Reserve officials began a two-day policy meeting. The greenback, while weaker against most major currencies, fared better than the Swedish crown after Sweden's central bank surprised investors by adopting a zero interest rate policy in a bid to ward off deflation.The crown fell to a four-year low versus the dollar. ...
C$ strengthens as US durable goods orders drop, eye on Fed TORONTO: The Canadian dollar strengthened against the greenback on Tuesday after US durable goods orders came in weaker than expected, helping nudge oil prices higher, but markets were already looking ahead to the conclusion of the Federal Reserve's policy meeting on Wednesday.The US dollar weakened after government data showed new orders for capital goods by US businesses recorded their biggest drop in eight months in September.The drop in the US dollar helped Brent crude oil ...
Dollar index pares loss after consumer confidence data NEW YORK: The dollar index pared its decline on Tuesday as a private gauge on U.S. consumer confidence hit its highest level in seven years, reducing worries over disappointing data on domestic home prices and durable goods orders.The Conference Board said its index on U.S. consumer confidence rose to 94.5 in October from an upwardly revised 89.0 in September. Economists forecast an October reading of 87.0.The surprisingly upbeat figure was the strongest since October 2007.The ...
Euro up on US data but stymied by German business sentiment NEW YORK: The euro recovered lost ground in limited trade on Monday, boosted by weaker-than-expected US housing data that softened a blow to the currency from news that German business morale fell. The German data took the shine off better-than-expected stress-test results for European banks issued on Sunday but widely leaked at the end of last week. US September pending home sales gained 0.3 percent, according to the National Association of Realtors, versus a 0.5 ...

 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln