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C$ weakens after Keystone; US Fed minutes in focus TORONTO: The Canadian dollar weakened against the US dollar on Wednesday, driven by overnight flows out of Asia and after the US Senate voted down a bill that would force the approval of the Keystone XL oil pipeline.The US dollar touched a seven-year high against the yen ahead of the Federal Reserve's October meeting minutes, due later on Wednesday, which may shed more light on the divergence in monetary policy between the US central bank and its major global peers.The bill for the TransCanada Corp pipeline fell just short of the 60 votes needed for passage, and new legislation is likely to be introduced next year. The pipeline, if approved, would transport more than 800,000 barrels per day of oil from the Alberta oil sands to the US Gulf Coast.Mazen Issa, senior Canada macro strategist at TD Securities, said the Asian market pushed the US dollar higher against the Canadian ...

Dollar at seven year high against yen before Fed minutes NEW YORK: The dollar hit a seven-year high against the yen on Wednesday ahead of Federal Reserve meeting minutes that could shed more light on the divergence in monetary policy between the U.S. central bank and its major global peers.The yen also weakened to a six-year trough against the euro, after Japanese Prime Minister Shinzo Abe postponed a sales tax hike in a move seen as supportive for stock markets but negative for the currency.The ...
Euro gains on sentiment data, yen steady NEW YORK: The US dollar weakened against the euro on Tuesday on a better than expected survey of German sentiment and was steady against the Japanese yen after Japanese Prime Minister Shinzo Abe said he would call an early election to seek a fresh mandate for his economic policies.German analyst and investor sentiment rose in November for the first time in almost a year, surpassing expectations and raising hopes of an improvement in Europe's biggest ...
C$ flat in quiet trading, focus on Fed minutes TORONTO: The Canadian dollar was steady against the greenback in quiet trading on Tuesday as investors held off making bets ahead of Wednesday's release of minutes from the latest US Federal Reserve policy meeting and with no major domestic economic data on tap until week's end.A key US Senate vote on Tuesday on approving the Keystone XL oil pipeline project could move the commodities-linked Canadian dollar, but any impact was not expected to be lasting. ...
Yen steadies against dollar after GDP shock NEW YORK: The Japanese yen steadied against the U.S. dollar on Monday, coming off seven-year lows after Japan's economy unexpectedly slipped into recession in the third quarter.Japan's economic shock sets the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.Uncertainty around these events is likely to keep the Japanese currency volatile, though the yen may gain ...
C$ retreats as crude prices slip TORONTO: The Canadian dollar was softer against its US counterpart on Monday, tracking weaker oil prices, and with little else on the domestic calendar this week, the currency is expected to take its cues from external drivers.The commodities-linked Canadian dollar has been moving closer in tandem with the price of crude, a major Canadian export, and prices have slumped to four-year lows recently on concerns of an oil glut.Brent crude fell on Monday after Japan, ...
C$ firms slightly, boosted by oil, factory sales OTTAWA: The Canadian dollar firmed modestly against the greenback on Friday, sticking to a tight range as it was supported by data that showed domestic factory sales rose more than expected in September.A higher price of oil also helped the loonie stabilize theday after a drop in crude knocked the currency lower. Whip-saw trading for the Canadian dollar in recent sessions, partly due to movements in oil prices, has left the currency moving sideways for ...

 



 
IndexClosingChg%
ArrowDJIA 17,827.75 0.07
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ArrowS&P 2,072.83 0.28
ArrowFTSE 6,729.17 0.03
ArrowDAX 9,915.56 0.55
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ArrowSensex 28,386.19 0.17






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln