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C$ ends little changed despite mounting China concerns TORONTO: The Canadian dollar was little changed against the US currency on Tuesday, even as market players eyed a sharp fall in commodity prices driven by concerns about China's growth outlook.Canada's currency is sensitive to volatility in resource-related industries given the country's heavy reliance on mining and oil and natural gas for much of its export revenue."It's symptomatic of the broader market malaise," said Adam Button, currency analyst at ForexLive in Montreal. "Some worries about China are creeping in, but the Canadian dollar is already so badly beaten down that there is no enthusiasm to keep selling it."The loonie, as Canada's currency is colloquially known, has weakened sharply this year, with the Bank of Canada's worries about the low inflation rate eliminating any prospect of a near-term rate hike.Copper tumbled on Tuesday to its lowest levels in over three years on worries about Chinese demand and liquidation of inventories used ...

Latam currencies drop on China concern, stocks steady RIO DE JANEIRO: Latin American currencies extended their recent slide on Tuesday on lingering concern about falling Chinese demand for the region's commodities exports, but stock indexes steadied after a recent sell-off.Chile's peso led losses among regional currencies, falling 0.8 percent to its weakest in nearly five years, after prices of copper, the country's main export, tumbled to three-year lows.The Brazilian real closed 0.6 percent weaker in its fourth straight session of losses, even as ...
C$ eases modestly as Chinese trade data drags TORONTO: The Canadian dollar was marginally softer against the US dollar on Monday as Chinese exports unexpectedly sank in February, sparking fears about the outlook for China, the world's second-largest economy and one of the biggest buyer of commodities.Chinese exports fell 18 percent from a year ago, swinging the trade balance into deficit. The Lunar New Year holiday was blamed for the sharp decline, though the data followed a series of factory surveys this year ...
Dollar, euro hold steady amid Ukraine worries NEW YORK: The dollar traded virtually unchanged against the euro and yen Monday amid fresh worries about the Japanese and Chinese economies and ongoing tensions in Ukraine.At 2100 GMT the euro was at $1.3875, compared to $1.3874 late Friday. The dollar bought 103.26 yen, barely up from 103.24, while the euro was at 143.28 yen, compared to 143.31 yen Friday.The greenback was flat against the Swiss franc. at 0.8777 franc per dollar.Only the British pound ...
C$ hit by disappointing jobs data TORONTO: The Canadian dollar slumped against the greenback on Friday, briefly piercing the C$1.11 level after data showed the domestic economy unexpectedly shed jobs last month, in contrast to an acceleration of jobs growth south of the border.Canada lost 7,000 jobs in February, contrary to expectations for an increase of 15,000. The unemployment rate held steady at 7 percent, but the data was unlikely to give the Bank of Canada much reason to change its ...
C$ gains to two-week high on firm building permits data TORONTO: The Canadian dollar firmed against the greenback to a two-week high Thursday on sturdy building permits data in January, though gains could be capped as investors positioned ahead of US and Canadian employment data due out on Friday.Data showed the value of building permits issued in Canada jumped 8.5 percent in January, far surpassing the 1 percent increase economists had forecast. As well, construction intentions in the residential sector hit a record high.The loonie ...
Euro goes to new 2014 high vs dollar on ECB's economy NEW YORK: The euro jumped against the dollar on Thursday to its highest since December and to a peak against the yen not seen since Jan. 23 after the European Central Bank signalled no need for new economic stimulus. ECB President Mario Draghi told a news conference ECB policymakers had concluded that economic conditions did not require shifts in monetary policy. "The lack of any form of easing or action from the ECB helped the ...


Index Closing Chg%
Arrow DJIA 16,501.65 0.08
Arrow Nasdaq 4,126.97 0.83
Arrow S&P 1,875.39 0.22
Arrow FTSE 6,674.74 0.11
Arrow DAX 9,544.19 0.58
Arrow CAC-40 4,451.08 0.74
Arrow Nikkei 14,546.27 1.09
Arrow H.Seng 22,509.64 0.97
Arrow Sensex 22,876.54 0.52

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