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C$ loses momentum after US GDP data TORONTO: The Canadian dollar was little changed on Thursday, giving up much of its earlier gains after second-quarter growth south of the border was revised higher, and as investors looked ahead to key domestic economic data at the end of the week.Still, the loonie is up about 0.8 percent for the week so far, fueled by a sharp rise in Wednesday's session and putting it on track for its best week since late June.Analysts said there are a number of factors behind the currency's recent strength, including technical momentum, fund flow speculation stemming from Burger King's plans to buy Tim Hortons, and investor repositioning heading into the end of the month.Attention was also increasingly turning to Friday's gross domestic product report, with Canadian economic growth forecasted to pick up to 2.7 percent in the second quarter, bouncing back from a slowdown in the first three months of the year.Analysts say ...

Dollar rises after strong US GDP report; euro sags NEW YORK: The dollar got a lift from better-than-expected US growth data on Thursday as the euro fell amid reawakened investors' worries about a serious escalation in tensions between Ukraine and Russia.The dollar index jumped just after the U.S. government reported the American economy grew at an upwardly revised 4.2 percent during the second quarter and was last up 0.15 percent at 82.553.The basket of six major currencies valued against the dollar has this week ...
Euro edges up vs dollar on ECB speculation NEW YORK: The euro crept higher against the dollar on Wednesday after Germany's finance minister downplayed prospects that the European Central Bank will unveil new measures to stave off deflation next week.The euro had fallen in the previous three trading sessions against the greenback, hitting nearly a one-year low, in part due to hints the ECB could unveil new easing steps at the September 4 monetary policy meeting.Markets have misinterpreted recent remarks by ECB chief ...
Loonie extends rally to hit one-week high TORONTO: The Canadian dollar strengthened against the greenback on Wednesday, extending the previous session's gains as it benefited from broad US dollar weakness and as investors looked ahead to key data releases at the end of the week.The rally in the US currency over the past two months has been one of the major forces behind the loonie's recent weakness that sent it close to the key resistance level of C$1.10 earlier in the week.The ...
Dollar eases as euro falls on ECB speculation NEW YORK: The dollar softened on Wednesday as traders focused on riskier currencies, while the battered euro hit a 19-month low against the Swiss franc amid speculation the European Central Bank will resort to quantitative easing.Buying of the Australian dollar and other currencies from commodities-centered economies were also helped by the euro's weakness as investors exiting the common currency took on more risk, a strategist said.After rising steadily, and this week repeatedly setting new 2014 ...
Euro sinks further on German weakness signs NEW YORK: The euro's fall continued on Tuesday, pulled down by a weak batch of German data and hints the European Central Bank could unveil easing measures to fight off deflation.The single currency logged its third straight daily drop against the dollar, sinking to $1.3169, the lowest level since early September 2013.Behind the euro's weakness was Monday's report that Germany's Ifo business confidence index fell to the lowest level in 13 months in August.In addition, ...
C$ firms, bouncing off technical resistance TORONTO: The Canadian dollar firmed against the greenback on Tuesday, recovering from a nearly four-month low hit in the overnight session as a dearth of domestic economic data left the loonie drifting.The low had brought the currency within a hair of the psychologically important C$1.10 level, which investors see as a key resistance threshold.The failure to pierce that level is not very encouraging for the US dollar-Canadian dollar bulls from a technical perspective, said Camilla ...

 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23





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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
WeeklyOctober 20, 2014
Reserves $13.436 bln