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U.S. Dollar Makes Fresh Gains Against Canadian Dollar
A brief break towards session-open levels ended abruptly for a bearish CAD/USD on Friday morning, as equities sold off following the release of U.S. consumer sentiment and business inventories reports.
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BOE will cut another full point in December
While a shock and awe approach to rate cutting Thursday saw the Bank of England cut the key rate 150 basis points to 3% briefly lent the British pound support, weak economic data piled up and left the currency down 2.5% against the greenback at t 13
Reality in the Economy
The vast majority of Canadians are woefully unprepared for the world that is emerging around them. This is not simply because the savings rate in the country has fallen, year by year, nor is it because their financial assets have been shredded an 13
Euro rallies on upbeat sentiment
The euro rallied sharply this week as figures showed the eurozone economy was weathering the current turmoil on financial markets better than expected 13
Mindset of a Profitable Trader
Just as important as controlling risk (money management), traders also needs to have confident in oneself. Traders need to know that even with a profitable trading system; one could also have numerous losses in a row. 13
CMHC Housing Starts Report Will Likely Show Slowing
The Canada Mortgage and Housing Corp.'s report on housing starts will likely decline in October, as the perennially strong multiple-family dwelling category is expected to finally react to the slowing economy and declining sales, economists say. 13
Bank of England: Inflation to fall below 2 pct.
The Bank of England warned Wednesday that it expects inflation to fall below the government's target of 2 percent next year as the economy contracts further, stoking expectations that the Bank will lower its benchmark interest rate -- possibly to 13
ECB, BoE poised to cut rates Thursday
The European Central Bank and the Bank of England are both expected to cut interest rates Thursday as they face sharply lower growth prospects as a result of the world's financial turmoil. 
