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C$ softens to 6-month low; Fed expectations drive US win streak TORONTO: The Canadian dollar retreated to a six-month low against its US counterpart on Thursday, as the greenback powered higher on expectations that the Federal Reserve will likely end its bond-buying next month and begin raising the cost of borrowing next year.The US dollar's winning streak, on track to be the longest since the early 1970s, comes as the Canadian dollar faces pressure at home. A series of dovish comments from the Bank of Canada helped push the currency to six-month lows in the previous session."The last few days has been a relatively challenging one for the Canadian dollar. Clearly we've seen a couple of attempts, or at least acknowledgements, from the Bank that they ... wouldn't be adverse to further cheapening up of the CAD," said Jeremy Stretch, head of foreign exchange strategy in London with CIBC World Markets.Stretch, who said this would help Canadian exports, also noted that ...

Dollar rises; pound sells off after Scotland vote NEW YORK: The dollar advanced Friday against other major currencies, while the British pound retreated despite Scotland's vote against breaking from the United Kingdom. The greenback hit a 14-month high against the euro, as "the coast was clearer for markets to focus on US optimism and expectations for Fed rate hikes in 2015" following the Scottish vote, said Joe Manimbo, senior market analyst at Western Union Business Solutions.The dollar has rallied against the euro, the ...
C$ firms on US data, rethink of Fed stance TORONTO: The Canadian dollar firmed against the greenback on Thursday as investors reassessed the previous day's policy statement from the US Federal Reserve, while markets globally were bracing for the results of Scotland's independence referendum.The loonie was also supported by weak housing data south of the border, as well as data at home that showed foreign investors resumed buying Canadian securities in July.The currency recovered much of the ground lost in a selloff the previous ...
Dollar climbs to six-year peak vs yen on higher Fed rate forecasts NEW YORK: The dollar jumped to a six-year high against the yen on Wednesday while the euro tumbled from five-month peaks after forecasts from the Federal Reserve showed a faster pace of rate hikes over the next few years than had been projected in June.The Fed's statement after a two-day policy meeting remained cautious, however, sticking to its low-interest-rate pledge for a "considerable time" and expressing concern about slack in the labor market, but currency ...
C$ firms as markets await Fed statement TORONTO: The Canadian dollar firmed against the greenback for a third day on Wednesday but gains were limited by investor caution ahead of a policy statement by the US Federal Reserve later in the day.Market speculation has been rife over whether the US central bank will change its language on how long it will hold interest rates at ultra-low levels.Expectations that the statement will be a bit more hawkish sparked a nearly 2 percent selloff ...
Dollar slips vs euro after U.S. CPI data hints at dovish Fed NEW YORK: The US dollar edged lower against the euro on Wednesday after data showed U.S. consumer prices fell last month, fuelling scepticism that the Federal Reserve will adopt a more hawkish tone in a policy statement later in the session.The Labor Department said its Consumer Price Index fell 0.2 percent in August as a broad decline in energy prices offset increases in food and shelter costs, marking the first dip since April of 2013 ...
C$ lifted by factory data; eyes on Bank of Canada TORONTO: The Canadian dollar strengthened against the greenback on Tuesday after data showed factory sales rose strongly in July, with the currency extending its recovery from the more than five-month low it hit the previous session.Markets were looking ahead to a speech by the head of the Bank of Canada later in the day. In his first speech since the central bank reaffirmed its neutral policy stance earlier this month, Governor Stephen Poloz will talk ...

 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
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Arrow S&P 1,972.29 0.28
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln