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C$ weakens as investors mull central bank policies TORONTO: The Canadian dollar weakened against the greenback on Monday, hurt by concerns that diverging paths for central bank policy could leave the Bank of Canada on the sidelines even when the Federal Reserve ultimately starts raising rates.On the economic front, the loonie had few catalysts, with no domestic data on the docket until Friday's gross domestic product report. Analysts are forecasting the economy likely bounced back in the second quarter after being hit by unusually severe winter weather in the first three months of the year.But the market homed in on comments made by Bank of Canada Governor Stephen Poloz in Jackson Hole, Wyoming over the weekend. Poloz said the Bank of Canada won't necessarily immediately follow the United States when the Fed starts hiking rates, the Globe and Mail reported."The focus has been on the Poloz comments made over the weekend, where he's very definitely trying to talk ...

Dollar continues push higher against euro NEW YORK: The US dollar pushed to its highest level against the euro in 11 months, helped by Federal Reserve meeting minutes which showed an increasing focus on inflation.The third straight gain for the greenback took it to $1.3258 per euro, up 0.45 percent for the day, and capped a three-month run from the $1.39 per euro level.The dollar was already headed up early Wednesday after Eurostat the official statistics agency reported that exports from ...
C$ hemmed in by strength in the greenback TORONTO: The Canadian dollar was little changed against the greenback on Wednesday, hampered by broad strength for the US dollar and as investors were looking ahead to domestic inflation data at the end of the week.The loonie saw little reaction to a report that showed Canadian wholesale trade rose more than expected in June and the volume of sales grew as well.Without any more domestic catalysts on tap until Friday, the Canadian dollar was left ...
US dollar hovers near 11-month highs ahead of Fed minutes NEW YORK: The US dollar advanced further on Wednesday, holding at over 11-month highs against a basket of major currencies on a view the U.S. economy was improving and that minutes from the Federal Reserve's July meeting could show a slightly less dovish tilt.The greenback hovered near 11-1/2-month highs against the euro and 4-1/2-month highs against the yen after Tuesday's stronger-than-expected data on U.S. housing starts for July, which analysts said reinforced an optimistic view ...
Dollar firms after upbeat US housing data NEW YORK: The dollar strengthened against other major currencies Tuesday after US data showed an encouraging surge in housing construction and inflation remained tame.US housing starts jumped 15.7 percent in July to the highest pace since last November, and building permits gained 8.1 percent.A slight 0.1 percent rise in US consumer prices in June month-over-month left the annual rate up 2.0 percent, a level the Federal Reserve's monetary policy makers have regarded as non-threatening.Weak eurozone ...
C$ weakens as US data boosts the greenback TORONTO: The Canadian dollar weakened against the greenback on Tuesday as encouraging economic data south of the border prompted investors to pick up the US currency, to the detriment of the loonie.The Canadian dollar saw little benefit from renewed risk appetite in other financial markets as concerns over geopolitical tensions between Ukraine and Russia eased.Despite some intraday swings, the loonie has mostly moved sideways since the end of July. While analysts expect the currency could ...
US dollar gains on stronger-than-expected housing data NEW YORK: The US dollar hit nine-month highs against the euro and rose against a basket of major currencies on Tuesday after strong U.S. housing data bolstered expectations for an earlier-than-expected rate hike from the Federal Reserve.U.S. housing starts surged 15.7 percent to a seasonally adjusted annual 1.09-million unit pace in July, snapping two straight months of declines, the Commerce Department said on Tuesday. Economists polled by Reuters had expected starts to rise to a ...

 



 
Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
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Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23





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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
WeeklySeptember 25, 2014
Reserves $13.305 bln