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C$ pulls back from 2-1/2-month low OTTAWA: The Canadian dollar touched a 2-1/2-month low against the greenback on Thursday before clawing back some gains as the currency continued to be dogged by uncertainty over the Greek crisis and reduced expectations for the Canadian economy.Investors remained on watch about Greece's fate a day after the country's prime minister urged Greeks to reject an international bailout deal in a referendum this weekend. Greece defaulted on its debt to the International Monetary Fund earlier this week.The loonie has shed about 2 percent since last Friday, initially weighed down by concerns over Greece, with the drop then exacerbated by disappointing Canadian economic data and by a decline in oil prices.Economists say figures that showed a decline in Canadian economic growth at the start of the second quarter increase the odds that the Bank of Canada will cut interest rates again by the end of the year after opting for a ...

Dollar slips after US jobs data signals later Fed rate hike NEW YORK: The US dollar slipped against a basket of major currencies on Thursday after US jobs data lagged expectations, pushing out bets for a Federal Reserve rate hike to 2016, while caution ahead of this weekend's Greek referendum limited losses. Nonfarm payrolls increased by 223,000 last month, the Labor Department said.Adding to the report's soft note, April and May data was revised to show 60,000 fewer jobs were added than previously reported. While the ...
Euro holds steady, awaiting Greek developments NEW YORK: Ongoing Greek debt talks sidelined currency investors on Thursday, demonstrating their unwillingness to take bold positions as deadlines for a deal come and go, leaving the euro unchanged against the greenback.Even upbeat U.S. economic data did little to help the dollar advance. U.S. consumer spending recorded its largest increase in nearly six years on strong demand for automobiles and other big-ticket items, bolstering evidence of gathering growth momentum in the second quarter."Watching Greek ...
C$ steady as markets await Fed decision TORONTO: The Canadian dollar was little changed against its US counterpart on Tuesday as a stronger greenback, bolstered in part by supportive housing-related data, offset a rise in US crude prices, while overall trading was extremely range-bound.US housing starts fell last month after a hefty increase the prior month, but a surge in permits for future construction to a near eight-year high signaled underlying strength in the market, which has seen prices and sales rising.The ...
Dollar up on Greece worries, US housing permits jump NEW YORK: The dollar rose against the euro on Tuesday, as worries Greece was tilting towards debt default dragged on the euro and U.S. housing data encouraged speculation that the Federal Reserve will soon raise interest rates.The euro was off 0.40 percent against the dollar. Other major currencies were little changed against the dollar, as Fed policymakers started a two-day meeting and ahead of a news conference and economic outlook statement due on Wednesday.Greek Prime ...
C$ dips against firmer greenback as markets await Fed TORONTO: The Canadian dollar softened against the US dollar on Tuesday as a stronger greenback, bolstered in part by supportive housing-related data, offset a moderate rise in US crude prices, but overall trading was extremely range-bound.US housing starts fell last month after a hefty increase the prior month, but a surge in permits for future construction to a near eight-year high signaled underlying strength in the market, which has seen home prices and sales rising.The ...
C$ weaker as Merkel comments boost greenback, oil slips TORONTO: The Canadian dollar softened further against the greenback on Friday as the US currency benefited from comments by German Chancellor Angela Merkel about the problem of a strong euro and the price of oil continued to slide.The euro sank on Friday after Merkel made a rare comment on exchange rates by saying a strong euro made it harder for countries like Spain and Portugal to reap the benefits of economic reform.World shares saw a ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln