Oil futures rose as greenback depreciates

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Source: Marketwatch
Crude oil futures rose on Friday after two consecutive sessions of loses, as the U.S. Dollar depreciated, and traders were waiting for a speech by Ben Bernanke. October crude edged 1.7 per cent higher to $96.27 per barrel. At the same time, the ICE Dollar Index erased 0.68 per cent to 81.16, from earlier 81.704. Other oil-related products were also higher on Friday.
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Fri, 31 Aug 2012 16:11:15 GMT

U.S. factory orders rose 2.8% in July

Orders to U.S. companies rose in July, reflecting strong demand for autos and commercial aircraft. The Commerce Department says factory orders jumped 2.8 per cent in the previous month, after erasing 0.5 per cent in June, posting a biggest rise in one year period.  In the meanwhile, core capital goods orders plunged 0.5 per cent in the same month.

Fri, 31 Aug 2012 15:49:16 GMT

Canadian economy grew 0.2% in June

Canadian economy grew more than expected in July, Statistics Canada reported on Friday. Nation's GDP rose by 0.5 per cent in the second quarter, while on the monthly basis Canada's economy expanded by 0.2 per cent in June, after adding 0.1 per cent in the preceding month. Experts had predicted GDP to rise by 0.1 per cent.

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