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C$ softens as Greece, China worries push greenback higher TORONTO: The Canadian dollar gave up some of last week's gains against US dollar on Monday as the greenback strengthened broadly, while easing prices for crude, a major Canadian export, kept the loonie under pressure.The market also continued to feel the impact of Friday's US employment data, which showed a rebound in job growth in April and a lower unemployment rate."The drivers today: it's really US dollar strength, which was the default bid for nonfarm number on Friday," said Jack Spitz, managing director of foreign exchange at National Bank Financial, who added that worries about a Greek exit from the euro zone were also supporting the greenback.Concern over Greece's ability to repay a 750 million euro loan to the International Monetary Fund and risks it could default dominated markets on Monday.Also, the Chinese central bank cut interest rates for the third time in six months over the weekend in an ...

Dollar gains against euro on Greece worries; kiwi plunges NEW YORK: The US dollar rose against the euro on Monday on renewed worries over a Greek exit from the eurozone, while the New Zealand dollar hit more than seven-week lows against the greenback on speculation the country's central bank could cut rates.Greece, which must repay a 750 million euro loan to the International Monetary Fund on Tuesday, faces the risk of default and being forced out of the eurozone. Eurozone finance ministers meet on ...
Latin American currencies rally after US jobs data RIO DE JANEIRO: Latin American currencies gained on Friday as investors considered US jobs data not strong enough to justify an immediate interest-rate hike by the US Federal Reserve.The Brazilian real rallied 1.3 percent, leading gains among currencies in the region, after the data showed US job growth rebounded last month while the unemployment rate dropped to its lowest since May 2008.However, March payrolls were revised down to show that job creation that month was ...
Dollar recovers against euro on lower bund yields, upbeat US data NEW YORK: The US dollar recovered against the euro on Thursday after German bund yields retreated from their highs for the year and optimism grew that the US employment report for April would show strength after upbeat data on weekly jobless claims. German 10-year bund yields dipped from a 5-1/2 month high of 0.796 percent to last trade at 0.598 percent. The move lower made those yields less attractive compared with 10-year US Treasury yields, ...
C$ firms on crude rally, soft greenback TORONTO: The Canadian dollar strengthened against its US counterpart on Wednesday as crude prices surged to 2015 highs and the US dollar stumbled on soft economic data, but gains were well-off highs hit earlier in the session.The big oil and greenback drivers appeared to overshadow any market reaction from an historic election in the oil-producing province of Alberta, in which the left-wing New Democrats won a crushing victory, ending the Progressive Conservatives' 44-year hold on ...
Dollar plunges against euro on rising European yields, US data NEW YORK: The US dollar hit its lowest level against the euro since late February on Wednesday after a rise in European yields drove demand for the euro and weak U.S. data supported expectations that the Federal Reserve will delay hiking interest rates.European yields continued to climb, with 10-year German bund yields hitting their highest levels of the year at 0.6 percent . The rise alleviated concerns that the yields could hit negative levels after ...
C$ gives back most of its gains as equities fade TORONTO: The Canadian dollar gave back most of its gains against the US greenback on Tuesday as investor uncertainty pushed equities lower and offset early data that showed a jump in Canadian and US trade deficits.Long-term US Treasury yields rose to their highest of the year as investors reassessed the chances of a September interest rate hike by the US Federal Reserve, while global stock prices fell on uneasiness about US and Asian growth. The ...

 



 
Index Closing Chg%
Arrow DJIA 17,689.86 0.03
Arrow Nasdaq 5,128.28 0.01
Arrow S&P 2,103.84 0.23
Arrow FTSE 6,696.28 0.41
Arrow DAX 11,308.99 0.46
Arrow CAC-40 5,082.61 0.72
Arrow Nikkei 20,585.24 0.30
Arrow H.Seng 24,636.28 0.56
Arrow Sensex 28,114.56 1.48





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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln