Loonie hit a 2-month low before policy meeting tomorrow

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Source: Bloomberg
© Scanpix/AFP

On Monday, the loonie touched a 2-month low versus the greenback, amid speculation that the Bank of Canada would put less emphasis on increasing its rates during policy meeting on Tuesday. The Canadian currency was little changed, being traded at 99.42 cents per one unit of the U.S. currency by 99.42 a.m. in Toronto.

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Tue, 23 Oct 2012 07:37:41 GMT

Asia stocks mostly lower in choppy session

Asia stocks traded mostly down as dividend concerns pressured Japanese utility firms, meanwhile steel producers weighed in Seoul. The Nikkei Sock Average was little changed, the Kospi slid 0.4% and the Shanghai Composite Index dropped 0.7%. Australia's S&P/ASX 200 added 0.1%, but Hong Kong stock markets were closed today.

Mon, 22 Oct 2012 16:19:38 GMT

Cable higher on insolvencies reports

On Monday, the British Pound was gaining versus the U.S. counterpart, following a report which showed that the number of insolvencies in the U.K. declined by 3.1% last month, affecting 0.08% of all businesses. The Sterling grew by 0.2% versus the greenback to trade at $1.6034 by 11:44 a.m. in London.

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