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C$ firms as bounces off key resistance level TORONTO: The Canadian dollar firmed against the greenback on Monday, bouncing back from a more than five-month low hit overnight, even after data over the weekend showed the Chinese economy lost steam in August.Investors started the week with some major events on the horizon, including a policy statement from the US Federal Reserve on Wednesday and a speech from the head of the Bank of Canada on Tuesday.Scotland's vote on whether to leave the United Kingdom will also be later in the week, which has the potential to roil markets.The US dollar-Canadian dollar broke through some key resistance levels last week and took a run at piercing the next barrier at C$1.11 in the overnight session but was unable to push above it."The fact that we couldn't get above the C$1.11 suggests that the market is very much in a wait and see attitude with those three important items this ...

Dollar gains as markets price in a hawkish Fed NEW YORK: The dollar rose against major currencies on Monday, bolstered by expectations the Federal Reserve this week will acknowledge anew improvements in the U.S. economy and provide fresh details about the central bank's looming tightening cycle.The dollar index, a measure of the greenback's value against six major currencies, has posted weekly gains for nine straight weeks on evidence the U.S. economy has continued to gain traction relative to other major nations.The Federal Open Market ...
Yen falls further, pound higher as Scotland vote looms NEW YORK: The yen fell again against the dollar and euro Friday while the pound edged higher amid polls in Scotland showing a small majority against breaking from the United Kingdom.The euro meanwhile gained on the dollar, while remaining below the $1.30 line.Markets remain on edge ahead of the Federal Reserve's policy meeting next week where a slightly less dovish tone could emerge and the Scottish independence referendum next Thursday.The pound sank last week after ...
Dollar weakens after jobless claims, still stronger on week NEW YORK: The US dollar retreated from six-year highs against the yen after data showed that more Americans filed for unemployment benefits last week, though the dollar index remained on track to post its ninth consecutive week of gains.Initial claims for state unemployment benefits unexpectedly increased 11,000 to a seasonally adjusted 315,000 for the week ended Sept. 6, the highest level since late June, the Labor Department said on Thursday.The data was not seen running ...
C$ weakens with oil prices, flirts again with C$1.10 level TORONTO: The Canadian dollar weakened against the greenback on Thursday as oil prices sold off and the currency tested a break through strong technical resistance at C$1.10 for a third day in a row.Data that showed new home prices in Canada were unchanged in July elicited little reaction from the loonie, though the mostly second tier domestic data on offer this week had not been expected to drive the currency significantly.The loonie has shed about ...
British pound rallies on Carney comments, Scotland poll NEW YORK: The British pound rallied against major currencies Wednesday as the Bank of England governor discussed raising interest rates within months and a poll showed lower support for Scottish independence.Mark Carney, addressing union leaders, said the central bank could raise its main interest rate from a record-low level in early 2015, citing the country's solid economic recovery."You can expect interest rates to begin to increase," Carney said, adding that the bank's forecasts show that ...
Dollar rallies on hawkish Fed expectations NEW YORK: The dollar rose to a six-year high against the yen on Wednesday as U.S. Treasury yields ground higher, while the Australian dollar sank to six-month lows as investors unwound carry trades that have benefited the currency.The greenback has gained on expectations that continuing improvement in the U.S. economy will lead the Federal Reserve to begin raising rates next year, while the euro and the yen are being weighed down by flagging economies and ...


Index Closing Chg%
Arrow DJIA 17,814.94 0.02
Arrow Nasdaq 4,758.25 0.07
Arrow S&P 2,067.03 0.12
Arrow FTSE 6,731.14 0.02
Arrow DAX 9,861.21 0.77
Arrow CAC-40 4,382.31 0.32
Arrow Nikkei 17,407.62 0.29
Arrow H.Seng 23,843.91 0.21
Arrow Sensex 28,338.05 0.57

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln