Canada's jobless rate falls in September for first time in nearly a yearOctober 9th, 2009 Canada's Sept. unemployment rate fallsTORONTO — Canada's unemployment rate fell to 8.4 percent in September, the first decline in almost a year.
Dollar slides as Fed signals confidence in the economy, holds key lending rate at record lowAugust 12th, 2009 Dollar falls on Fed optimism on the economyNEW YORK — The dollar fell Wednesday after the Federal Reserve delivered a vote of confidence in the economy and held a key bank lending rate at a record low near zero. Meanwhile, the Commerce Department said that the U.S.
Canadian dollar on rampage, government worriedAugust 5th, 2009 TORONTO - The Canadian dollar - the only among the major global currencies - is on the rampage, reaching its highest level against the US dollar in 2009 Tuesday. The loonie, as the Canadian dollar is called, reached almost 94 cents US for the first time since October 2009, raising concern about its impact on the country's economic recovery.
Rising Canadian dollar threatens recoveryAugust 3rd, 2009 TORONTO - The Canadian economy is yet to get back on the revival path and the runaway Canadian dollar is threatening to thwart any hopes of recovery. The loonie, as the Canadian dollar is called, has already reached 92.5 cents US after having sunk as low as 77 cents US in March this year.
Dollar higher as Bernanke says Fed will be able to unwind stimulus to prevent inflationJuly 21st, 2009 Dollar edges up on Bernanke commentsNEW YORK — The dollar edged higher Tuesday after Federal Reserve Chairman Ben Bernanke assured investors that the central bank will be able to reel in its economic stimulus and prevent a flare up of inflation once a recovery is firmly rooted. The 16-nation euro slipped to $1.4195 from $1.4221 late Monday after trading near seven-month highs against the dollar as optimism about corporate earnings have fueled investors' appetite for risk.
Dollar moves higher on last day of volatile week as foreign leaders express support for buckJune 12th, 2009 Dollar moves higher on last day of volatile weekNEW YORK — The dollar charged back Friday after a week of up-and-down trading amid concerns over its status as the primary reserve currency and U.S. debt levels.
Canada keeps interest rate at record low, warns of rising Canadian dollarJune 4th, 2009 Canada keeps interest rate at record lowTORONTO — Canada's central bank is keeping its trendsetting interest rate unchanged at a historic low of 0.25 percent and says the rise of the Canadian dollar is threatening the country's economic recovery. The Bank of Canada reiterated Thursday its conditional commitment to hold the rate at a record low through June 2010.
Oil price drop halts rally in Toronto bourseJune 4th, 2009 TORONTO - As oil prices retreated after a week-long rise when it almost touched $70 a barrel, the world's biggest energy stock market here slipped nearly 300 points Wednesday. The Toronto Stock Exchange (TSX), which has more than 400 major oil and gas companies trading on it, closed at 10,290.12 points.
Canadian currency in overdriveMay 30th, 2009 TORONTO - The Canadian dollar is in overdrive. The loonie - as it is called - rose to 92 US cents Friday, raising fears about its adverse impact on the nation's economic recovery.
Canadian currency makes record gains against dollarApril 16th, 2009 TORONTO - The Canadian dollar reached its highest level against the greenback in four months Wednesday, touching 83.24 cents US as markets continued their rally. The energy-rich Canadian markets have gained about 20 percent since the second week of March as oil prices have made a marginal recovery.
Canadian currency too surges against US dollarMarch 20th, 2009 TORONTO - The Canadian dollar followed the euro and the pound to rise sharply against the US dollar Thursday. Following the decision of the US Fed Wednesday to purchase $300 billion in longer-term treasury securities, the American dollar fell sharply against major currencies, including the euro which rose three percent against the greenback.
Canadian dollar sinks to five-year lowMarch 10th, 2009 TORONTO - The Canadian dollar sank to its lowest level in five years Monday amid continuing market slide on the opening day of the week. The loonie (as the Canadian dollar is called), which has been diving against the US dollar with plunging oil prices, closed at 76.98 cents US for the first time since September 2004.
AIG losses sink Canadian markets to lowest levelsMarch 3rd, 2009 TORONTO - The record-breaking $61.7 billion quarterly loss reported by the failed American International Group (AIG) Monday sent Canadian markets to their lowest level in five years. The Toronto Stock Exchange (TSX) composite index followed the Dow Jones industrial average (which tumbled below 7,000 for the first time in 11 years) to sink to the levels not seen since 2003.
Rupee closes at new lowFebruary 28th, 2009 MUMBAI - The Indian rupee closed at a new low of Rs.51.10/12 against one US dollar as importers stepped up demand for the greenback and foreign investors pulled out $59.20 million from capital markets during the day. The rupee had touched a historic intra-day low at Rs.51.17 to a dollar but recovered to close at Rs.51.10-levels.
Canadian dollar, markets keep risingJanuary 8th, 2009 TORONTO - Though prices of two main Canadian resources of oil and commodities continue to slip, the Canadian dollar has risen appreciably against the US dollar in the new year. Thanks to the weakening US dollar, the loonie - as the Canadian dollar is called - rose as high as 84.85 cents US, gaining 1.31 cents against the greenback Thursday.
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