Loonie weakens as Canadian stocks decline amid European concern

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Source: Bloomberg
© Dukascopy Bank

Canadian Dollar depreciated as nation's stocks fell after ECB's balance sheet rallied to a record high bolstering fears fiscal crisis can hurt economic growth. Canadian domestic currency fell 0.6% to C$1.0244 per US Dollar in Toronto evening trade. Before ECB announcement Loonie had strengthened to three-week record high. Currently USD/CAD is trading at C$1.0243. 

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Thu, 29 Dec 2011 14:48:52 GMT

Initial jobless claims increased more than expected in the US

In US the number of people applied for unemployment benefits jumped more than expected last week. The number of residents, filing the application for jobless benefits reached 381,000, adding 15,000 on a seasonally adjusted basis. Experts predicted the figure to approach 370,000. Despite increase in claims, the figure is still below 400,000, indicating improving situation in the labour market.

Thu, 29 Dec 2011 15:02:17 GMT

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