Loonie slides as economy shrinks, bonds rise

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AP
Canada's Dollar dropped to near a three-month low versus the greenback on Wednesday after a report posted an unexpected fall in the nation's GDP, the first in six months. The Loonie retreated 0.2% to C$1.0009 per U.S. Dollar and traded at C$1.0013. Government notes advanced, with the 2-year yields losing four basis points to 1.06%, the lowest since Oct. 4.

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Wed, 31 Oct 2012 20:22:02 GMT

Chicago business activity little changed in October

Chicago-area's business activity was little changed in October, the Institute for Supply Management – Chicago showed on Wednesday. The business barometer rose to 49.9, down from 49.7 in the previous month, indicating a contraction. New orders index jumped to 50.6 from 47.4, while production index slid to 51.8 from 55.4, and employment index dropped to 50.3 from 52.0.

Fri, 02 Nov 2012 09:39:49 GMT

Retail sales in Germany gained more than expected

Destatis reported on Wednesday that Germany's retail sales grew more than expected in September. Retail sales advanced by 1.5% on a seasonally adjusted basis last month, compared to a revised down figure of 0.1% in the preceding month. Economists, however, expected a more moderate increase of 0.3%.

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