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C$ rallies to January highs on weak US$, oil TORONTO: The Canadian dollar extended this week's gains against its US counterpart on Thursday, supported by a softer greenback and oil prices that stayed close to 2015 highs.Investors have grown concerned that recent US data has not been painting a picture of a strengthening economy. At one point on Thursday, the US dollar fell to its weakest level against a basket of major currencies since January, with Wednesday's underwhelming April retail sales numbers still casting a cloud.Markets have been waiting to see evidence that the world's largest economy was bouncing back in the second quarter after an uninspired first quarter so that they can better assess when the US Federal Reserve is likely to hike interest rates.On Thursday, data showed the number of Americans filing new claims for unemployment benefits fell unexpectedly, suggestingthe job market was still stable despite the recent sluggish economic data.But US producer prices fell for the ...

C$ boosted by soft US data, firms to 4-month high TORONTO: The Canadian dollar firmed against the US dollar on Wednesday, at one point hitting its strongest since mid-January, following disappointing US economic data that pushed the greenback to more than three-month lows against a basket of major currencies.US retail sales missed forecasts in April, holding steady as households scaled back big-ticket purchases such as cars. Meanwhile, April import prices in the United States fell for a 10th straight month, likely due to the strong ...
Dollar declines, gold up after soft US data NEW YORK: The dollar index hit its lowest in more than three months while gold prices jumped on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon.Wall Street's major indexes ended little changed after gaining early in the session on the data, which showed U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, indicating the economy was ...
Dollar slips, stocks up slightly after soft US data NEW YORK: The dollar index hit its lowest in more than three months while global stock indexes inched up on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon.The S&P 500 was near flat after trading higher on the data, which showed U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, indicating the economy was struggling to ...
Dollar slides after weak US retail sales suggest dovish Fed NEW YORK: The US dollar hit a more than three-month low against a basket of major currencies on Wednesday after weaker-than-expected US retail sales data for April supported expectations that the Federal Reserve would wait until later to hike rates. US retail sales were unchanged in April as households cut back on purchases of automobiles and other big-ticket items. The data suggested the economy was struggling to make a strong rebound after barely growing in ...
Latin American currencies gain on weak US data SAO PAULO: Latin American currencies strengthened on Wednesday following disappointing US economic data, though Brazil's real stayed anchored near the key 3-per-dollar level.Equities markets were mixed, with MSCI Latin American stock index edging slightly higher, though Brazil's Bovespa index dropped for a second straight day.Data on Wednesday showed US retail sales were flat in April, indicating the economy was struggling to rebound strongly after barely growing in the first quarter.Disappointing economic data from the US ...
Dollar tumbles against euro on spike in Bund yields NEW YORK: The US dollar slumped against the euro and Swiss franc on Tuesday after a spike higher in German Bund yields overshadowed a similar rise in U.S. Treasury yields and generated demand for the European currencies.German 10-year Bund yields shot up 22 basis points from Monday's session low of 0.52 percent to a session high of 0.74 percent on Tuesday. While benchmark 10-year U.S. Treasury yields hit six-month highs of 2.37 percent, analysts said ...

 



 
Index Closing Chg%
Arrow DJIA 17,683.58 0.26
Arrow Nasdaq 4,991.94 0.34
Arrow S&P 2,068.76 0.39
Arrow FTSE 6,535.68 0.76
Arrow DAX 10,890.63 1.52
Arrow CAC-40 4,711.54 2.01
Arrow Nikkei 20,112.12 2.08
Arrow H.Seng 25,236.28 3.18
Arrow Sensex 28,208.76 0.41





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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln