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C$ tracks crude rebound after hitting five-year lows TORONTO: The Canadian dollar strengthened on Tuesday after touching its weakest level against the greenback in more than five years, helped by a rebound in crude prices after Monday's big sell-off.Oil, which sank about 4 percent in the previous session, set new five-year lows on Tuesday before recovering, with some buyers hopeful that prices, which have tanked more than 40 percent since June, are hitting bottom.The Canadian dollar has been particularly sensitive to movements in the price of oil due to the country's heavy concentration of producers."You're looking at a bit of a bounce from what was probably an oversold day yesterday, both in oil as well as on the currency," said David Tulk, chief Canada macro strategist with TD Securities."It's more generally a day where you're seeing a little bit more reflection and unwinding of some of the big moves we've seen previously."At 9:26 a.m. (1426 GMT), the Canadian ...

Sinking crude sends C$ to weakest close in more than 5 years TORONTO: The Canadian dollar was broadly weaker against all its key counterparts on Monday and closed at its weakest level in more than five years against the US dollar as crude prices tumbled to multi-year lows.Oil slumped 4 percent in one of its biggest declines this year on market expectations of deeper price cuts next year and after the chief executive of Kuwait's national oil company said prices were likely to remain around $65 a ...
Dollar dips on profit-taking NEW YORK: The dollar gave back some ground Monday on profit-taking after Friday's sharp rise following a surprisingly good US jobs report.The dollar fell against the euro, the Japanese yen and other major currencies on a quiet day as far as US economic data.On Friday, the Labor Department reported the US added 321,000 jobs in November, 90,000 more than expected, underscoring the country's divergence with Europe and Japan.The strong jobs report bolstered beliefs that the ...
Dollar falls from two-year high vs euro, 7-year peak vs yen NEW YORK: The dollar slid from a seven-year high against the yen and a two-year peak versus the euro on Monday, as investors consolidated gains made following a strong U.S. jobs report that is expected to trigger an interest rate increase next year.The greenback's outlook remained upbeat despite Monday's fall. Investors were already looking ahead to the December monetary policy meeting of the U.S. Federal Reserve next week, watching for a change in the statement's ...
C$ holds steady near 5-year lows as greenback dominates TORONTO: The Canadian dollar saw little price action against its US counterpart on Monday, as the currency held steady near its weakest levels in more than five years following Friday's North American employment data.The US dollar remained strong after data showed US labor market strength in both wage growth and job creation, offering more signs that the US central bank may be edging closer toward raising interest rates.In Canada, the jobs data did little to ...
Dollar, stocks climb as US jobs beat forecast NEW YORK: A surprisingly strong US jobs report lifted the dollar to a five-and-a-half year high against a basket of currencies on Friday, while stocks climbed, led by financial shares. Investors priced in a US interest rate hike by mid-2015 and US Treasuries prices dropped following the Labor Department data, which showed US employers hired more workers in November than during any month in nearly three years. Non-farm payrolls surged by 321,000 last month, the ...
C$ steady as focus turns to jobs reports TORONTO: The Canadian dollar was little changed against the greenback on Thursday as the market paused in anticipation of Friday's release of US and Canadian employment reports for November.The currency has had big swings of between half a cent and more than a cent over the past five sessions, mostly in reaction to a plunge oil prices after the Organization of the Petroleum Exporting Countries decided not to pull back on production despite a glut ...

 



 
Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln