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C$ slips as oil price, greenback reverse course TORONTO: The Canadian dollar gave back session gains against its US counterpart on Thursday, weakening on the back of softer crude prices and a US dollar that pared earlier losses.The US dollar, which has been bruised by a string of soft US data that has deflated expectations of a rosier second quarter, was off the day's lows, but headed for another session loss against a basket of currencies."Some people thought maybe USD was a little oversold. We've had quite a large swing over the last three to four weeks," said Rahim Madhavji, President at KnightsbridgeFX.com."People are trying to buy a little bit on dips, because we hit close to a recent low earlier this morning ... It's all about the economic data that's coming out and it doesn't look so good for the US"The price of oil, a major Canadian export, softened in choppy trading on ample global supplies. US ...

Dollar drifts lower after US data undermines Q2 growth hopes NEW YORK: The US dollar held near its lowest since January against a currency basket on Thursday after soft U.S. producer prices data challenged hopes for better U.S. economic growth and supported the view that the Federal Reserve would delay hiking interest rates.The U.S. Labor Department said its producer price index for final demand fell 0.4 percent last month, declining for the third time this year. While data showing U.S. jobless claims fell last week ...
C$ rallies to January highs on weak US$, oil TORONTO: The Canadian dollar extended this week's gains against its US counterpart on Thursday, supported by a softer greenback and oil prices that stayed close to 2015 highs.Investors have grown concerned that recent US data has not been painting a picture of a strengthening economy. At one point on Thursday, the US dollar fell to its weakest level against a basket of major currencies since January, with Wednesday's underwhelming April retail sales numbers still casting ...
C$ boosted by soft US data, firms to 4-month high TORONTO: The Canadian dollar firmed against the US dollar on Wednesday, at one point hitting its strongest since mid-January, following disappointing US economic data that pushed the greenback to more than three-month lows against a basket of major currencies.US retail sales missed forecasts in April, holding steady as households scaled back big-ticket purchases such as cars. Meanwhile, April import prices in the United States fell for a 10th straight month, likely due to the strong ...
Dollar declines, gold up after soft US data NEW YORK: The dollar index hit its lowest in more than three months while gold prices jumped on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon.Wall Street's major indexes ended little changed after gaining early in the session on the data, which showed U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, indicating the economy was ...
Dollar slips, stocks up slightly after soft US data NEW YORK: The dollar index hit its lowest in more than three months while global stock indexes inched up on Wednesday as weaker-than-expected U.S. retail sales bolstered confidence the Federal Reserve will hold off raising rates soon.The S&P 500 was near flat after trading higher on the data, which showed U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, indicating the economy was struggling to ...
Dollar slides after weak US retail sales suggest dovish Fed NEW YORK: The US dollar hit a more than three-month low against a basket of major currencies on Wednesday after weaker-than-expected US retail sales data for April supported expectations that the Federal Reserve would wait until later to hike rates. US retail sales were unchanged in April as households cut back on purchases of automobiles and other big-ticket items. The data suggested the economy was struggling to make a strong rebound after barely growing in ...

 



 
Index Closing Chg%
Arrow DJIA 16,643.01 0.07
Arrow Nasdaq 4,828.32 0.32
Arrow S&P 1,988.87 0.06
Arrow FTSE 6,247.94 0.90
Arrow DAX 10,298.53 0.17
Arrow CAC-40 4,675.13 0.36
Arrow Nikkei 19,136.32 3.03
Arrow H.Seng 21,612.39 1.04
Arrow Sensex 26,392.38 0.61





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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln