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C$ retreats alongside crude prices; Poloz eyed TORONTO: The Canadian dollar was slightly weaker against its US counterpart on Wednesday, pulled lower as crude prices marched back toward five-year lows following an OPEC forecast of sinking demand next year.The Organization of the Petroleum Exporting Countries said it expects demand for its oil will be 280,000 barrels per day lower in 2015 that it had forecast previously. Canada is a major oil producer and the Canadian dollar is sensitive to moves in crude prices."There's an eye on oil given that we're pressing toward the lows reached yesterday," Greg Moore, senior currency strategist at Royal Bank of Canada, said of the Canadian dollar's moves."But really we're still more consolidating within the range of the past couple of days in view of the fact that there hasn't been any significant macro developments or bigger moves in commodities in the past 12 hours or so."At 9:26 a.m. (1426 GMT), the Canadian ...

US dollar retreat continues for third day NEW YORK: The US dollar fell against the safe-haven yen for a third straight session on Wednesday as risk appetite diminished amid worries about Greece and the outlook for China, the world's second largest economy.The greenback has lost about two percent versus the yen in the last three days, moving further away from a seven-year peak above 121 yen hit on Monday this week. Its two percent fall was the worst three-day loss for the ...
C$ tracks crude rebound after hitting five-year lows TORONTO: The Canadian dollar strengthened on Tuesday after touching its weakest level against the greenback in more than five years, helped by a rebound in crude prices after Monday's big sell-off.Oil, which sank about 4 percent in the previous session, set new five-year lows on Tuesday before recovering, with some buyers hopeful that prices, which have tanked more than 40 percent since June, are hitting bottom.The Canadian dollar has been particularly sensitive to movements in ...
Sinking crude sends C$ to weakest close in more than 5 years TORONTO: The Canadian dollar was broadly weaker against all its key counterparts on Monday and closed at its weakest level in more than five years against the US dollar as crude prices tumbled to multi-year lows.Oil slumped 4 percent in one of its biggest declines this year on market expectations of deeper price cuts next year and after the chief executive of Kuwait's national oil company said prices were likely to remain around $65 a ...
Dollar dips on profit-taking NEW YORK: The dollar gave back some ground Monday on profit-taking after Friday's sharp rise following a surprisingly good US jobs report.The dollar fell against the euro, the Japanese yen and other major currencies on a quiet day as far as US economic data.On Friday, the Labor Department reported the US added 321,000 jobs in November, 90,000 more than expected, underscoring the country's divergence with Europe and Japan.The strong jobs report bolstered beliefs that the ...
Dollar falls from two-year high vs euro, 7-year peak vs yen NEW YORK: The dollar slid from a seven-year high against the yen and a two-year peak versus the euro on Monday, as investors consolidated gains made following a strong U.S. jobs report that is expected to trigger an interest rate increase next year.The greenback's outlook remained upbeat despite Monday's fall. Investors were already looking ahead to the December monetary policy meeting of the U.S. Federal Reserve next week, watching for a change in the statement's ...
C$ holds steady near 5-year lows as greenback dominates TORONTO: The Canadian dollar saw little price action against its US counterpart on Monday, as the currency held steady near its weakest levels in more than five years following Friday's North American employment data.The US dollar remained strong after data showed US labor market strength in both wage growth and job creation, offering more signs that the US central bank may be edging closer toward raising interest rates.In Canada, the jobs data did little to ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln