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Canada’s Dollar Depreciates for First Time in Five Sessions

posted by Avatar erzon 1215 days ago in CAD

Canada’s currency weakened against its U.S. counterpart as commodities dropped and Finance Minister Jim Flaherty prepared to deliver to Parliament his package of fiscal measures for economic revival. read more
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Cheap Oil: Right time to invest in oil ETFs, oil cos

posted by Avatar erzon 1219 days ago in Oil

Just a year ago, many people, including me, were bracing for much higher oil prices, and making some good money on energy trades, too. Now, we are seven months into the steepest decline the oil market has ever seen! read more
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Prevent metal corrosion, save billions!

posted by Avatar erzon 1219 days ago in USD, Metals

The US Department of Defence estimates that corrosion of its equipment costs $10 to 20 bn a year. Imagine the damage corrosion could be inflicting on many industries that use more metals such as airplanes, cars, bridges to name a few. read more
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US crude inventories soar, sending oil prices down

posted by Avatar erzon 1219 days ago in USD, Oil

Oil prices tumbled Thursday after the U.S. government reported enormous builds of oil and gasoline at storage facilities, another manifestation of how badly the deteriorating economy has cut into energy demand. read more
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Gold jumps 2 percent

posted by Avatar erzon 1219 days ago in Gold

Gold jumped 2 percent on Friday to a near three-week high as volatility on the currency markets drove investors to opt for buying bullion. read more
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Oil falls below $43 in Asian trade

posted by Avatar erzon 1219 days ago in USD, Oil, Trade

Oil prices dipped in early Asian trade Friday after a late technical rebound in which the prices advanced Thursday.New York's main futures contract, light sweet crude for March delivery, was down 77 cents to $42.90 US a barrel. Brent North Sea cr read more