Bank of Canada kept the key interest rate unchanged at 1.00%

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Source: Forexpros
The Bank of Canada kept its core interest rate at 1.00% for the 12th time in March amid eased concerns over global economic outlook. The decision is in compliance with expectations. The bank's outlook on the Canada's economy has improved but it remained uncertain amid internal strength and global weakness.


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Fri, 09 Mar 2012 09:28:50 GMT

US stocks climb on Greek debt deal

US stock markets traded higher on Thursday as Greece obtained adequate participation in bond exchange from private creditors. S&P 500 index surged 0.98% or 13.28 points to 1,365.91 while Dow Jones Industrial Average index added 0.55% or 70.61 points and finished at 12,907.94. Nasdaq Composite index soared 1.18% or 34.73 points and settled at 2,970.42.

Fri, 09 Mar 2012 08:42:45 GMT

Greece got consent of more than 80% of creditors on debt swap deal

Greece has announced it has managed to secure the second bailout fund as above 80% of the private bondholders signed up for the debt swap deal. The threshold required by the IMF and the EU is 75%. The deal will allow Greece not to default because of the debts and the country will be able to stay in the Euro

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