Loonie trades close to 3-month high

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Source: Bloomberg
The Canadian Dollar traded close to a three-month high on ameliorated economic growth outlook and speculation European policy makers will take steps to curb the region's debt crisis. The Loonie gained 0.1% to 98.84 cents per U.S. Dollar. The Canadian Dollar rose against its U.S counterpart last week on higher than expected retail sales and industrial output in the U.S.
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Tue, 21 Aug 2012 10:16:48 GMT

Asian stocks rise as China takes steps to alleviate cash crunch

Asian stocks advanced, pushing the regional benchmark index to a three-month high, before U.S. reports, which might show the world's biggest economy is recovering and as China took steps to alleviate cash crunch. The MSCI Asia Pacific Index gained 0.4% to 121.17. Australia's S&P/ASX 200 Index added 0.4%, while Japan's Nikkei 225 Stock Average and South Korea's Kospi Index declined

Tue, 21 Aug 2012 15:26:47 GMT

Dow Jones slid on lingering EU concerns

The Dow Jones Industrial Average Index was slightly lower on Monday, retreating by 0.03% to close at 13,271.64. Persistent turmoil in the Eurozone coupled with vanishing expectations that the POBC will loosen its monetary policy created notable pressure on the US blue chips. Only three in nine sectors included in the index climbed. The biggest gains posted consumer services and

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