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C$ weaker as tries for C$1.10 for second day TORONTO: The Canadian dollar weakened against the greenback on Wednesday as it tried for a second day in a row to sustain a move past resistance at C$1.10 as markets were focused on just how soon the Federal Reserve might start to lift interest rates.The loonie saw little reaction to data that showed industrial capacity rose in the second quarter, though the mostly second tier domestic economic data on tap this week is not expected to be a significant driver of the currency.The Canadian dollar has lost about 1 percent so far this week, hurt by broad demand for the greenback sparked by a Fed study earlier this week that investors expect the central bank to keep rates lower for longer than policymakers themselves expect.Although the fundamentals point to a weaker loonie, there could be the potential for the US dollar to see a pullback after two months of gains, ...

C$ pulls back from 4-month low, fails to hold key level TORONTO: The Canadian dollar touched a more than four-month low against the greenback on Tuesday before recovering to end little changed as the currency pair failed to hold the closely watched C$1.10-level.A reassessment of the monetary policy outlook in the United States gave the greenback some strength to the detriment of the loonie the day after research released by the San Francisco Federal Reserve Bank showed investors expect the Federal Reserve to keep interest rates ...
Scotland worries keep pressure on pound NEW YORK: Increased worries that Scotland could break away from the United Kingdom kept pressure on the British pound on Tuesday.Ultimately the currency held steady for the day, but only after rocky trade pushed it to $1.6065, its lowest level against the greenback since November last year."The poor old pound is still under pressure as traders are not brave enough to go bargain-hunting just yet. The possibility of Great Britain breaking up has hit the ...
Dollar gains, euro weakens on diverging economic outlooks NEW YORK: The dollar hit a 14-month peak against the euro on Tuesday, on optimism the U.S. economy is growing in line with expectations that the Federal Reserve may begin raising interest rates next year.The U.S. currency consolidated broad gains made on Monday, when the greenback was boosted by research from economists at the San Francisco Fed indicating that investors may be underestimating when the Fed is likely to hike rates.The dollar also has benefited ...
C$ at more than 4-month low, breaks through C$1.10 TORONTO: The Canadian dollar weakened to a more than four-month low against the greenback on Tuesday, breaking through the psychologically key C$1.10 level as broad demand for the US dollar saw the loonie extend the previous session's selloff.A reassessment of the future path of monetary policy in the United States gave the greenback its strength the day after research released by the San Francisco Fed showed investors expect the Federal Reserve to keep interest rates ...
C$ retreats as US$ rallies, risk aversion TORONTO: The Canadian dollar fell on Monday against a rallying greenback, which posted broad gains against most currencies following a report that investors expect the US Federal Reserve to keep interest rates lower for longer than expected.Investor risk aversion rattling global markets and softer crude prices also pressured the Canadian dollar.Investors expect the Fed to keep interest rates lower for longer, and to raise them more slowly, than the makers of U.S monetary policy themselves ...
Dollar bounces back after weak August jobs report NEW YORK: The dollar rallied Monday against other major currencies as investors concluded the US economy is still better positioned than other leading economies despite Friday's weak jobs report.The dollar rose to a five-year high against the Japanese yen and a 14-month high versus the euro, according to Kathy Lien, managing director at BK Asset Management. The dollar's gains on the British pound were also significant after a poll showed rising support in Scotland for ...

 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
Arrow FTSE 6,399.73 0.43
Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln