Loonie reached 10-week high versus greenback on Friday

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Source: Bloomberg

The loonie advanced versus its U.S. counterpart to a 10-week high on Friday, as markets and oil turned green. The Canadian dollar added 0.4 per cent to C$1.0065 cents a U.S. dollar and moved closer to parity. Meanwhile, the benchmark Canadian 10-year yield increased by 6 basis points, or 0.06 percentage point, to 1.70 per cent.

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Fri, 27 Jul 2012 19:29:40 GMT

Gold edges higher on data

On Friday, July 27, gold futures jumped on growing optimism for Eurozone's future and improved U.S. GDP. Gold for August delivery rose by 0.24 per cent to $1618.95 per ounce during today's New York trading session.  Meanwhile, other precious metals also advanced, with September silver by 0.01% to $27.500 per ounce and copper for September settlement by 0.58 per cent to $.412 a pound.

Fri, 27 Jul 2012 19:07:41 GMT

European stocks turned green on ECB

European Central Bank announced its readiness to buy government debt from the Eurozone's countries, and the U.S. growth data came better-than-expected, providing a boost for European stock markets. The Stoxx Europe 600 Index jumped 1.05 per cent to 259.26, after adding 2.5% on Thursday, July 26.  At the same time, the Italian FTSE MIB index rocketed 2.6% to 13,561 and Spain's IBEX 35 Index also soared

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