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C$ weakens as oil price falls TORONTO: The Canadian dollar weakened against its US counterpart on Friday as the price of oil fell after Goldman Sachs cut its crude forecast, but trading in the currency will likely be muted ahead of next week's US Federal reserve rate decision.The currency is heading for a flat week, with a Bank of Canada policy update on Wednesday providing little direction.The conviction among Wall Street banks that the Fed will hike rates next week has decreased notably in the last month due to volatility in global markets.That has in turn limited weakness in the Canadian dollar, which has lost 10 Canadian cents of value since mid-June.At 8:31 a.m. ET (1231 GMT), the Canadian dollar was trading at C$1.3273 to the greenback, or 75.34 US cents, weaker than the Bank of Canada's official Thursday close of C$1.3228, or 75.60 US cents.The currency's strongest level of the session was C$1.3216, while its ...

C$ lifted by oil but gains not expected to last OTTAWA: The Canadian dollar firmed against the greenback on Thursday, lifted by higher oil prices, although the strength was not expected to last as investors try to gauge whether the US central bank will hike interest rates as early as next week.The loonie is down nearly 14 percent for the year so far, but it has traded largely sideways in recent weeks despite some big day-to-day swings.After the Bank of Canada held interest rates steady ...
Dollar drops as stocks swoon, Fed outlook remains cloudy NEW YORK: The dollar fell on Thursday as global stock markets outside America turned downward and economic data sent contrary signals on whether the U.S. Federal Reserve would raise U.S. interest rates next week.European stocks broke a three-day run of gains with a drop of nearly 1.5 percent following a difficult session in Asia, as data showed a decline in Chinese car sales and slowing capital spending in Japan. Wall Street traded up about 1 ...
Dollar mixed as reviving risk appetite drags on yen, euro NEW YORK: The dollar was mixed on Tuesday as rising stock markets and positive German economic data gave global investors reasons to throttle down the risk aversion tactics that recently boosted the euro and yen. The dollar, which traders said was unlikely to move much until Feb. 17, when US Federal Reserve policymakers may announce an interest rate increase, gained against the yen and fell against sterling and the euro. US stocks were about 1.5 ...
C$ firms as oil prices rise, trade deficit narrows TORONTO: The Canadian dollar strengthened against most of its key counterparts, including the US dollar, on Thursday, supported by firmer oil prices and a smaller-than-expected July trade deficit in Canada.Canada's export sector posted healthy growth for the second month in a row in July, helping cut the country's trade deficit to an eight-month low of C$593 million. This was significantly less than the C$1.30 billion economists had forecast.Meanwhile, volatile crude prices rose alongside equity gains ...
Euro slides 1pc on darkening euro zone outlook NEW YORK: The euro fell 1 percent on Thursday, surrendering most of the solid gains put up against the dollar since China devalued the yuan last month, after European central bankers cut economic growth targets and left interest rates unchanged. The dollar rallied, helped by weekly jobless data signalling a strong US labor market the day before Friday's August jobs report, which may be crucial for Federal Reserve policymakers considering raising interest rates.The European Central ...
Dollar pivots to gains as equities steady NEW YORK: The dollar rose on Wednesday as fragile global stock markets steadied and US hiring data encouraged speculation that Federal Reserve policymakers will raise interest rates later this month. Stock market gains, including a rise of about 1 percent in early Wall Street trading, slowed a rush to unwind carry trades that have boosted the safe-haven yen and the low-yielding euro in the past few weeks. Both fell against the dollar on Wednesday. China's ...


Index Closing Chg%
Arrow DJIA 16,776.43 1.85
Arrow Nasdaq 4,781.27 1.56
Arrow S&P 1,987.05 1.83
Arrow FTSE 6,298.92 2.76
Arrow DAX 9,814.79 2.74
Arrow CAC-40 4,616.90 3.54
Arrow Nikkei 18,005.49 1.58
Arrow H.Seng 21,854.50 1.62
Arrow Sensex 26,785.55 2.15

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 05, 2015
Reserves $18.349 bln