Loonie hits five-week record high

Note: This section contains information in English only.
Source: Bloomberg
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On Friday the Canadian domestic currency strengthened against 11 of 16 its major peers on European latest plan and on the stronger-than-expected growth in US economy. Canadian dollar gained 0.3% to C$1.0169 per US dollar in Toronto trade, strongest figure since November 1. On monthly basis loonie has appreciated 1.4%. USD/CAD currently is trading at C$1.0208.

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Mon, 12 Dec 2011 11:00:34 GMT

Unemployment in US diminishes, hiring flat

US unemployment rate dropped less than firing rate indicating that companies still lack confidence to employ new workers. In November jobless rate has dropped to 8.6% from 10.1% in October. In contrast applications for jobless allowances have declined 40%. Julia Coronado, BNP Paribas North America chief economist suggests that absence of demand in economy drives a wedge between unemployment rate and jobless claims. 

Mon, 12 Dec 2011 11:03:13 GMT

Euro forecasts weaken on Draghi's interest rate cuts

Foreign exchange analysts are lowering their forecasts for the 17-nation currency at the rapidest rate this year as ECB President Mario Draghi's borrowing rate reduction abandon one of the Euro pillars of maintenance. Investors are dumping assets denominated in euro, as EU officials fail to stop concern that Spain and Italy will capitulate to a debt crisis.  Ken Dickson, Standard Life Investments currency investment director expects additional ECB

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