Canadian dollar strengthens on central bank's moves

Note: This section contains information in English only.
Source: Bloomberg
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The Canadian domestic currency gained most since previous year's May as major central banks including Bank of Canada cut the cost of dollar swaps to relieve European debt turmoil. Loonie jumped against greenback to a 2-week high as Canadian statistics reported than country's GDP added at faster pace than expected. Canadian dolllar gained 1.4% against its US peer, reaching C$ 1.0174. The pair currently is trading at 1.0204.
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Thu, 01 Dec 2011 09:26:35 GMT

Swiss economy grows as expected

Switzerland's GDP expanded in compliance with analysts' forecasts in Q3, according to official data. The country's GDP added 0.2% on a seasonally adjusted basis in Q3 compared with 0.4% growth in Q2. The economy of the country grew by 1.3% in Q2 at annual rate exceeding the expected 1.8%. The growth was mostly stimulated by increase in consumption and investments in construction. USD/CHF was traded

Thu, 01 Dec 2011 10:38:15 GMT

Starbucks Corp. to expand operations in the UK

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