Search Results for: Canadian Government
OPEC inaction halts Europe rally; dollar firms
November 28th, 2014
Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut. Brent crude LCOc1 touched a low of $71.12 a barrel after settling at ...
Yen Falls Toward Seven-Year Low as Spending Slides; Aussie Drops
November 28th, 2014
The yen tumbled toward a seven-year low and two-year Japanese government bond yields slid below zero after data showed household spending fell and inflation slowed. The yen headed for a monthly loss of at least 1.6 percent against all ...
Euro edges higher, stocks sag before ECB meeting
November 6th, 2014
The euro edged higher and European stocks pulled back on Thursday as investors waited to see how ECB chief Mario Draghi responds to another run of poor euro zone data and reports of disquiet about his leadership style. The ...
Bank of Canada maintains overnight rate target at 1 per cent
October 22nd, 2014
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Inflation in ...
Canada seeks to become Renminbi (RMB) trading centre for the Americas
September 2nd, 2014
The Toronto Financial Services Alliance (TFSA) and AdvantageBC has announced they would work together, with officials from the federal, Ontario and BC governments, and the financial industry, to promote Canada as a trading hub for the Chinese currency, the ...
USD/CAD reached 1.0815 on Economic Concern
July 28th, 2014
The Canadian dollar sank to a five-week low before reports next week that are forecast to show the nation’s economy is lagging behind that of the U.S., its biggest trading partner. The currency fell for a second day against ...
U.S. Oil Trade Imbalance With Canada Shrinking
July 18th, 2014
Thanks in large part to its energy-rich oil sands, Canada exports 10 times more oil to the United States than the United States exports to Canada, but that balance has begun to shrink, primarily because of the recent U.S. ...
Shale boom confounds forecasts as U.S. set to pass Russia, Saudi Arabia
July 9th, 2014
Four years into the shale revolution, the U.S. is on track to pass Russia and Saudi Arabia as the world’s largest producer of crude oil, most analysts agree. When that happens and by how much, though, has produced disparate ...
Supreme Court enshrines privacy of smartphones
June 26th, 2014
US police must obtain a warrant to search a suspect’s smartphone after the Supreme Court ruled on Wednesday that constitutional privacy protections apply to the often extensive data people keep on the devices in their pockets. In a unanimous ...
Ghana’s First Hedge Fund Planned by Ex-Exchange Regulator
June 26th, 2014
Tikowrie Capital Ltd., a Ghanaian money manager started by a former regulator, plans to establish the West African country’s first hedge fund. “The appetite of investors in the country has grown over the years,” Tikowrie Executive Director Maxwell Gidi ...
