November 15th, 2009 -- Posted in Appetite |
Nov. 14 (Bloomberg) — Canada’s dollar posted the biggest five-day close in in more than a month as investors’ desire for higher-yielding assets increased amongst guesswork the broad money-making recovery is gathering momentum. The Canadian currency strengthened for a following consecutive week, outperforming 14 of its 16 most-traded counterparts tracked by Bloomberg against the U.S. dollar.
Stocks climbed, and gold touched a extreme high. Consumer Prices rose on an annual principle in October for the Primary tempo in five months, Statistics Canada is forewarning to news next week. “It’s been a reasonably flattering week for Canada,” said , Toronto-based chief of foreign-exchange trading at Bank of Nova Scotia, Canada’s third-largest lender.
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October 15th, 2009 -- Posted in Appetite |
The U.S. dollar extended losses against most critical rivals Wednesday, stricken as Chinese data, doctrinaire U.S. corporate takings and remarks by the Federal Reserve’s villainy chairman downplaying inflation risks whetted investor inclination for touch-and-go assets, strategists said. U.S. routine factor futures extended gains after J.P. Morgan Chase (JPM) outpaced expectations by reporting a $3.6 billion third-quarter profit.
Rising equities have spelled fancy for the U.S. dollar as investors abandon the antediluvian secure haven for riskier assets. Data showed China’s exports contracted at a slower speed in September, falling 15.2% from a year ago after a 23.4% year-on-year contraction in August. China’s craft extra totaled $12.9 billion in September, a 56% go down from a year ago and smaller than median furnish expectations for a $15.8 billion surplus.
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October 11th, 2009 -- Posted in Appetite |
TORONTO — Canada’s currency rose against the U.S. dollar antiquated on Wednesday as an improved opinion on the Global curtness helped boosted risk Appetite and Prices for crucial domestic exports like lubricant and gold.
The upbeat tone spilled over from Tuesday when the Reserve Bank of Australia raised its intrigue rate, chic the First median bank in the Group of 20 nations to strengthen policy as the financial crisis abates. Talk that the international economy is recovering and will Boost claim for commodities helped to lift oil Prices above US$71 a Barrel and gold to a maxisingle drugged above US$1,048 an ounce. That all helped to electrify the Canadian dollar to C$1.0526 to the U.S. dollar, or 95.00 U.S. cents, which unmistakable its highest invariable since Oct 1, 2008.
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September 15th, 2009 -- Posted in Appetite |
Sept. 15 (Bloomberg) — Canada’s dollar depreciated against its U.S. counterpart, after falling yesterday by the most this month, as investor preference for riskier assets remained subdued.
“Sentiment remains actually brittle,” said , a superior currency strategist in Toronto at RBC Capital Markets, a portion of Canada’s biggest bank. “In virgule with that, commodity currencies tarry under pressure. The Canadian dollar and the Australian dollar are some of the worst performers.
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July 31st, 2009 -- Posted in Appetite |
TORONTO — Canada’s dollar strengthened against the U.S. currency on Thursday as heartening solvent details and corporate earnings as well as higher commodities Prices helped Increase investor Hunger for riskier currencies. During the day, the Canadian dollar rose as peak as C$1.0803 to the U.S. dollar, or 92.57 U.S. cents, after two right North American sessions of decline.
Market self-reliance in the currency was also aided by a gathering in U.S. stocks on sober corporate clear reports and a drop in the Number of Americans on jobless benefits. Data on Thursday also showed eurozone financial sensibility rose in July, the fourth upgrading from a trough in March, which helped significant that the economy there is bottoming out.
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July 26th, 2009 -- Posted in Appetite |
July 25 (Bloomberg) — Canada’s dollar rose for a in the Second place week against its U.S. counterpart as gains in worldwide assets markets boosted commodities such as offensive unguent and copper and improved the prospects for currencies tied to growth.
The Canadian dollar, known as the loonie, advanced 2.5 percent over the background five days as administration and Primary bank officials said the nation’s restraint is growing. It strengthened 4.5 percent Model week after falling for the former six on thinking an money-making repossession might be delayed.
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May 27th, 2009 -- Posted in Appetite |
TORONTO, May 26 (Reuters) - The Canadian dollar Shooting to its highest wreck against the greenback in more than seven months on Tuesday, representation finance from upbeat U.S. economic matter that whetted investors’ Appetite for risk.
By mid-afternoon, the currency touched C$1.1163 to the U.S. dollar, or 89.58 U.S. cents, which remarkable its highest destroy since Oct. 8. It was also well above the the overnight indistinct of C$1.1356 to the U.S. dollar, or 88.06 U.S. cents. By 2:55 p.m. (1855 GMT), the currency had retreated measure to C$1.1190 to the U.S. dollar, or 89.37 U.S. cents, but was still up from C$1.1235 to the U.S. dollar, or 89.01 U.S. cents, at Monday’s close.
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February 28th, 2009 -- Posted in Appetite |
Feb. 26 (Bloomberg) — Canada’s currency strengthened against its U.S. counterpart as four times a year proceeds from banks blow estimates, suggesting the Outback may weather the Global financial catastrophe better than its peers. “The Canadian dollar should be well supported by a unscathed financial sector and a relatively telling fiscal position,” Citibank strategists in London and in New York wrote in a note to clients today.
“Prospects for the Canadian dollar have improved.” The Canadian currency rose 0.4 percent to C$1.2528 per at 4:40 p.m. in Toronto, from C$1.2572 yesterday. One Canadian dollar buys 79.82 U.S. cents. , Canadian Imperial Bank of Commerce and National Bank of Canada, Canada’s largest, fifth-largest and sixth-largest lenders respectively, posted First-quarter profits that a once-over analysts’ estimates as durability in Consumer banking even higher allowance losses.
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February 8th, 2009 -- Posted in Appetite |
Feb. 7 (Bloomberg) — Canada’s dollar posted its third unadulterated weekly advantage as rumination worse-than-expected employment reports will signal the U.S. Congress to pass an economic stimulus pack fueled demand for riskier assets.
Canada’s currency, also known as the loonie, strengthened 0.8 percent since Feb. 2, as equities rallied in the U.S. and Canada on expectations lawmakers will correspond on a down to oppose the recession.
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January 31st, 2009 -- Posted in Appetite |
Jan. 28 (Bloomberg) — Canada’s currency gained the most in a month as investors favored higher-yielding assets such as equities and commodity-linked currencies, reducing the beg of the U.S. dollar as a haven.
“You’re looking at more pandemic peril craving driving it,” said , a mechanical currencies analyst at CIBC World Markets in Toronto. More optimism about equities and the likelihood the U.S. will set up a “bad bank” to deal with distressed assets “would create some chance love back into the market. That would be a respected thing for the Canadian dollar.
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