Canadian Dollar plunged to 2011 lows

Source: Bloomberg
The Canadian Dollar posted a noticeable decline after the nation's central back cut the key rate, saying that crude oil's crash could slow inflation and hit the economy. The benchmark rate was lowered to 0.75%, compared to the previous level of 1%, where it has stayed unchanged since 2010. Meanwhile, crude oil, Canada's main export item, has depreciated more than 50% since June due to the global supply glut.
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Fri, 23 Jan 2015 15:11:04 GMT

Oil rises on Saudi king's death boosts policy speculation

Oil climbed after the death of Saudi Arabia's King Abdullah, the number one oil supplier among the OPEC member states. Crude futures added 2.6% in London and 3.1% in New York, when the death of King was announced by the Saudi royal court. The sell-off in oil was prompted by the result of OPEC's meeting in November that failed to

Fri, 23 Jan 2015 14:40:07 GMT

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