Gains of loonie limited by drop in oil price

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Source: Bloomberg
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Canadian Dollar traded almost flat on Thursday evening as gains from fewer than expected US job claims and good bond auctions in Europe were outweighed by a decline in oil prices. Canadian currency was modestly changed against greenback and traded at C$1.0108 in Toronto. Currently USD/CAD is trading at C$1.0131.
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Fri, 20 Jan 2012 09:26:25 GMT

US stocks end higher on jobs and earnings data

US stock markets closed up on Thursday, supported by fewer than expected jobless claims and F5 Networks' report on surge in earnings. S&P 500 rose 0.49% or 6.46 points and finished at 1,314.5, Dow Jones Industrial Average Index climbed 0.36% or 45.03 points and closed at 12,623.98, while Nasdaq Composite gained 0.67% or 18.62 points and settled at 2,788.33.

Fri, 20 Jan 2012 08:42:30 GMT

Canadian inflation is likely to have accelerated in 2011

Canada's inflation probably accelerated at the fastest pace in 2011 since the country began inflation level targeting in 1991. According to the poll of economists, the consumer price index surged by 2.7% in December on annual basis. November annual inflation rate reached 2.9%. Bank of Canada expects inflation to slow down to annual 1.5% through April-June period. The official report will be issued

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