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C$ knocked by cheap oil, Bank of Canada TORONTO: The Canadian dollar extended its previous session's losses against the US dollar on Wednesday, as softer crude prices and a dovish Bank of Canada remained the driving themes behind the currency's weakness.Expectations that an oversupply of global crude stocks would continue, along with a report by the American Petroleum Institute that showed US crude stocks rose to another record high, kept oil prices under pressure. US prices were down 76 cents by about 9:15 am ET (1415 GMT).Remarks by the Bank of Canada's Senior Deputy Governor Carolyn Wilkins, the first since the central bank confounded markets with a 25 basis point interest rate cut last month, also contributed to the currency's retreat. The Canadian economy was still operating below its potential, Wilkins said in a speech on Tuesday.The loonie has fallen more than 8 percent so far this year, touching levels not seen in nearly six years as diverging ...

Dollar rises to 1-month high vs yen as US yields rise NEW YORK: The dollar climbed to one-month peaks against the yen on Tuesday on the back of broadly higher US Treasury yields, while the euro was weighed down by official comments and media reports on the progress of discussions over a new debt deal for Greece. The euro sank below $1.13 in morning trade in Europe, but recovered some of its losses after a report said European officials would make a compromise proposal to give ...
C$ weakens after Bank of Canada says economy below potential TORONTO: The Canadian dollar weakened slightly on Tuesday after a senior Bank of Canada official said the economy was still operating below its potential and that the impact of a sharp drop in the price of oil would be felt across the country. The currency hit a session low of C$1.2575 to the US dollar, or 79.52 US cents, after the comments from Senior Deputy Governor Carolyn Wilkins, some of the central bank's first remarks ...
Dollar advances to 1-month high vs yen as US yields rise NEW YORK: The dollar climbed to one-month peaks against the yen on Tuesday on the back of broadly higher US Treasury yields, while the euro was weighed down by uncertainty about a new debt deal for Greece.The euro sank below $1.13 in morning trade in Europe, but recovered some losses after a report said European officials would make a compromise proposal to give Athens another six months to negotiate a deal. US Treasury yields, whose ...
Dollar rises to 1-month high vs yen as US yields rise NEW YORK: The dollar climbed to one-month peaks against the yen on Tuesday on the back of broadly higher U.S. Treasury yields, while the euro was weighed down by official comments and media reports on the progress of discussions over a new debt deal for Greece.The euro sank below $1.13 in morning trade in Europe, but recovered some of its losses after a report said European officials would make a compromise proposal to give Athens ...
C$ slips as high crude supply forecasts pressure oil prices TORONTO: The Canadian dollar retreated against its US counterpart on Tuesday, weighed by oil prices that weakened on a report that crude stocks could approach record highs.The International Energy Agency (IEA) said in its monthly report that oil supplies remained abundant and it would take time for investment cuts to make more than a relatively small dent in production, keeping prices low.As a major oil exporter, the Canadian dollar's moves in recent months have largely ...
Canadian dollar rebounds on crude rally TORONTO: The Canadian dollar was stronger against the greenback on Monday as oil prices rallied for a third straight session and helped give the commodities-linked currency a lift.After retreating against the US dollar on Friday on strong US jobs and wage data, the loonie was buoyed on Monday by an OPEC forecast that demand for its oil would be greater than expected this year, as well as figures that showed the number of US rigs ...

 



 
Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln