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C$ weakens as softer oil prices weigh TORONTO: The Canadian dollar weakened against the US currency on Monday, hurt by a slide in the price of oil that dampened the prospects for Canadian energy exporters.Brent crude oil fell below $85 a barrel on Monday after Goldman Sachs slashed its price forecasts, citing abundant supply and lackluster demand despite a pick-up in global economic growth."Particularly for the Canadian dollar here, it's oil prices," said Shaun Osborne, chief currency strategist at TD Securities. "That is going to be a headwind."The Canadian dollar traded as low as C$1.1255 to the US currency, or 88.85 US cents - its weakest level since Thursday - compared with Friday's close of C$1.1233 to the US dollar, or 89.02 US cents.Osborne said in the near term, he expects the currency to hold to its recent range of C$1.12 to C$1.13 to the greenback.Traders are looking ahead to testimony by Bank of Canada Governor Stephen ...

Euro rebounds on US data, hemmed in by German business sentiment NEW YORK: The euro recovered lost ground in rangebound trade on Monday, boosted by weaker-than-expected U.S. housing data that softened the blow to the euro zone common currency from news that German business morale fell.The German data had taken the shine off better-than-expected stress-test results for European banks issued on Sunday but widely leaked at the end of last week.U.S. September pending home sales gained 0.3 percent, according to the National Association of Realtors, versus ...
Brazil currency opens sharply lower on Rousseff re-election SAO PAULO/RIO DE JANEIRO: Brazil's currency plunged early on Monday while stocks were also expected to sell off following the victory of President Dilma Rousseff over pro-business challenger Aecio Neves in Sunday's presidential election.The Brazilian real opened about 3 percent lower at 2.53 to the U.S. dollar and is down nearly 7 percent this year.The sell-off may be contained in the next few days, however, if Rousseff signals she will tweak economic policy to boost ...
C$ strengthens, but lower oil prices seen weighing TORONTO: The Canadian dollar was marginally stronger against its US counterpart on Friday, but was seen at risk of weakening due to lower oil prices and worries about the results of European bank stress tests that are due on the weekend.Brent crude fell below $86 a barrel on news of strong supply from Middle East OPEC producers. Markets were also hit by news of the first confirmed case of Ebola in New York.The Canadian currency ...
C$ steady as investors in limbo on Bank of Canada TORONTO: The Canadian dollar was steady against its US counterpart on Thursday, and with little news to drive trading after Wednesday's volatility investors were seen as unlikely to challenge the day's trading range.The currency had touched a session high on Wednesday after unexpectedly weak retail sales data, but quickly strengthened to its firmest level of the session after the Bank of Canada dropped its reference to neutrality in its rate statement.Investors were unable to get ...
Dollar softer after run-up, yen supported by stock gains NEW YORK: Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped bring down the yen. After a week of wide currency market gyrations, investors appear to have settled in for a quiet start to the week, unwilling to make fresh bets ahead of Wednesday's US inflation data and ...
C$ firms as markets steady, oil prices rise TORONTO: The Canadian dollar firmed modestly against the greenback on Friday, taking its cue from calmer global markets and a rise in oil prices at the end of a volatile week.The loonie gave a muted reaction to data that showed Canada's inflation rate came in at the Bank of Canada's target of 2 percent in September, reinforcing analysts' expectations that the central bank will maintain its neutral stance in its policy statement next week.The Canadian ...

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln