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C$ sheds more than 1/2 cent as oil takes another drubbing TORONTO: The Canadian dollar fell through C$1.16 to its weakest level against the US dollar in 5-1/2 years on Monday as crude prices hit multiyear lows after OPEC stayed resolute on its production stance.The Organization of the Petroleum Exporting Countries reaffirmed on Sunday its intention not to cut output despite a global fuel glut, while the United Arab Emirates said later there was no need for an emergency OPEC meeting to fix prices.Canada is a major exporter of crude and the loonie's fortunes have tracked those of the oil price since it started dropping in June. The Canadian currency has fallen nearly 10 percent over a similar period to levels not seen since early July 2009."We're focusing all energy, pardon the pun, on crude. That's really what's been moving the market," said Amo Sahota, director at Klarity FX in San Francisco. "It does look as though it's reaching some over-extension ...

TSX ends lower as resource stocks fall TORONTO: Canada's main stock index fell on Monday, weakening further after a 5 percent-plus drop last week despite a surge in takeover target Talisman Energy Inc shares as the broader resource-extraction industries weighed. The Toronto Stock Exchange's S&P/TSX composite index unofficially ended down 25.91 points, or 0.19 percent, at 13,705.14. Nineteen of the 20 heaviest weights were energy or mining stocks. Copyright Reuters, 2014 ...
Dollar falls against yen on economic jitters; rouble hits lows NEW YORK: The Russian rouble posted its sharpest fall against the US dollar since 1998 on Monday, while the greenback slipped against the yen after a new slide in oil prices ignited concerns over the health of the global economy. The rouble weakened beyond 60 roubles per dollar for the first time as 5-1/2-year lows in oil prices threatened Russia's economy. Sales of oil and gas are Russia's chief source of export revenue, while tougher ...
Dollar up against euro ahead of Fed; oil worries lift yen NEW YORK: The US dollar rose against the euro on Monday on expectations that the Federal Reserve will take a less-dovish stance on monetary policy at the end of a two-day meeting on Wednesday, while risk aversion on lower oil prices underpinned the yen.Bets that the Fed would take a less-accommodative stance on monetary policy and remove the phrase "considerable time" in reference to its timeline for raising rates supported the dollar. Analysts said the ...
C$ breaches C$1.16 as crude's retreat hits harder TORONTO: The Canadian dollar fell through C$1.16 to the US dollar on Monday, touching its weakest level in 5-1/2 years as crude prices hit new multiyear lows.The Organization of the Petroleum Exporting Countries reaffirmed on Sunday its intention not to cut output despite a global fuel glut, reasoning that any output reduction would have little impact on price but would mean ceding market share.Canada is a major exporter of crude and the loonie's fortunes have ...
Sinking crude pushes C$ to 5-1/2-year lows near C$1.16 TORONTO: The Canadian dollar was within striking distance of C$1.16 against the greenback on Friday as it hit fresh 5-1/2 year lows on new worries over a supply glut in the oil market spurred by an International Energy Agency report.The agency, which coordinates the energy policies of industrialized countries, forecast an increase in global supplies next year but cut its outlook for global oil demand by 230,000 barrels per day.Canada is a major oil exporter ...
C$ at 5-year low on cheap oil, US retail data TORONTO: The Canadian dollar weakened against its US counterpart on Thursday, weighed down by weakness in the price of crude oil and by healthy US retail sales which boosted the greenback.Oil fell towards $64 a barrel, within sight of a five-year low, pressured by signs that already ample supply will be even more plentiful in 2015.Meanwhile, US consumer spending advanced at a brisk clip in November as lower gasoline prices gave the holiday shopping season ...


Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln