Bank of Canada left the interest rate at 1% in January

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Source: Forexpros
The Bank of Canada left its core interest rate at 1% for the eleventh month in line in January. The bank cited bleak economic outlook and global uncertainty as the main reasons for unchanged rate. The announcement is in compliance with expectations.  According to bank estimations, Canada's economy expanded by 2.4 this year and is likely to expand by 2.0% in 2012 and by 2.8% in 2013.


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Wed, 18 Jan 2012 08:06:14 GMT

Germany's ZEW sentiment rises

Germany's economic sentiment increased essentially more than expected this month, hitting the highest level over the last half a year. ZEW index added 32.2 points to minus 21.6 this month as compared to minus 53.8 in the preceding month, reported the ZEW Centre for Economic Research. Analysts projected the index to gain 4.6 points to minus 49.2 in January.

Wed, 18 Jan 2012 09:12:05 GMT

Loonie strengthens against US Dollar on China GDP

Canada's Dollar reached two-week record high against its US peer as higher-than-expected GDP expansion in China improved demand for riskier assets. Canadian currency climbed 0.3% against US Dollar to C$1.0151 on Toronto evening trade. Currently USD/CAD is trading at  C$1.0152. 

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