Loonie posts a first weekly gain in almost two months

Note: This section contains information in English only.
Source: Bloomberg
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Canadian currency strengthened versus greenback and recorded a first weekly gain in almost two months after central bank curbed expectations about benchmark rate reduction. Moreover hiring in Canada accelerated more than projected in May. Loonie appreciated 1.4% last week to CAD 1.0266. Currently USD/CAD is trading at CAD 1.0205.  
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Mon, 11 Jun 2012 06:53:36 GMT

Oil gains after Spanish bailout

Crude oil hit the five-month record high on speculation demand for fuel accelerate after Spain received a rescue loan from European governments. Moreover Chinese imports of oil reached a record high. July crude climbed by USD 2.54 to USD 86.64 a barrel. Brent oil to be delivered in July rose USD 1.98 to USD 101.45 a barrel. 

Mon, 11 Jun 2012 07:37:36 GMT

Visco calls on G20 to spur economic growth

Ignazio Visco, Bank of Italy Governor, urges leaders of Group of 20 to pursue policies aimed at stimulating economic growth to avoid a new global downturn, which might weigh on a frail financial system. Mr. Visco prompts to set up a European fund in order to resolve the banking crisis. He supports the unified system of rules and supervision of

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