Canadian Dollar climbs on Greece optimism

Note: This section contains information in English only.
Source: Bloomberg
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Canada's currency appreciated on Tuesday as investors digested news that Greece is moving towards final version of its debt swap agreement. Loonie gained 0.2% or CAD 0.9944 amid climbing crude and stock prices. Meanwhile Canada's 10-year benchmark yield advanced to 2.03%. Currently USD/CAD is trading at CAD 0.9946. 
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Wed, 08 Feb 2012 07:56:47 GMT

Papademos postpones his meeting with Greek parties

Greek PM Lucas Papademos decided to postpone the meeting with leaders of Greece's three main political parties for the second time in few days. Instead Papademos prepares to meet so called Troika or ECB, IMF and European Comission to finalize details of measures required to receive EUR 130 billion bailout package. 

Wed, 08 Feb 2012 07:38:41 GMT

US Consumer borrowing surged in December

Consumer credit in US soared more than expected in December, lifted by vehicles demand and student credits. Loans climbed by USD 19.3 billion totalling USD 2.5 trillion, said Federal Reserve today. The gain substantially outperformed economists' predictions who forecast an increase of USD 7 billion. The improvement in lending can be associated with stronger consumer confidence, suggest analysts. 

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