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Erratic loonie creates havoc

posted by blitz 1298 days ago in CAD, Fundamental, Special made popular 1296 days ago

The Canadian dollar's dizzying climb in the past year, its sudden plunge in the past two months, and now, its rebound, is enough to make one's head spin. It's especially a concern to export-sensitive industries.

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Dollar Falls Most Against Euro Since 1999 Debut; Yen Weakens

posted by blitz 1299 days ago in USD, EUR made popular 1299 days ago

The dollar fell the most against the euro since the 15-nation currency's 1999 debut as the thaw in money markets reduced demand for the safety of U.S. assets.

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Eurozone Producer Price Inflation in September Falls

posted by blitz 1299 days ago in EUR, Fundamental, GDP made popular 1299 days ago

Reinforcing expectations that the European Central Bank would cut its key interest rate on Thursday, producer price inflation slowed more than expected in September.

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Germany plans US$64b boost to economy

posted by blitz 1300 days ago in EUR, Fundamental made popular 1300 days ago

THE German government plans a two-year programme of investments and incentives to provide a €50 billion (US$64 billion) boost to the economy, wracked by a freeze in global credit markets.

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Slower growth, yes; recession, no: Conference board

posted by blitz 1300 days ago in CAD, Fundamental, GDP made popular 1299 days ago

he Canadian economy will be weaker than projected but will still manage to skirt a recession, a major Canadian economic think-tank forecast Monday in the wake of recent warnings by three large Canadian financial institutions that Canada will in f

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Germany Plans $64 Billion Boost to Economy Via Stimulus Prog

posted by blitz 1301 days ago in EUR, Fundamental made popular 1301 days ago

The German government plans a two-year program of investments and incentives to provide a 50 billion- euro ($64-billion) boost to the economy, wracked by a freeze in global credit markets.

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Where Have All the Peak Oil Believers Gone?

posted by blitz 1302 days ago in Technical, Daily, Oil made popular 1302 days ago

Crude oil is down more than 50% from its high of $147 a barrel. Where are the peak oil believers? the breathless analysts and cheerleaders of the commodity that warned of a Mad Max armageddon?

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Drop til you shop: America's economy is shrinking

posted by blitz 1302 days ago in USD, Fundamental, Daily made popular 1302 days ago

IT IS official: the American consumer, for so long the main force driving the global economy, has cracked. Figures released on Thursday October 30th showed that America’s economy shrank at an annualised rate of 0.3% in the third quarter.

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Retrenching consumer slows economy

posted by blitz 1302 days ago in CAD, Fundamental, GDP made popular 1302 days ago

Evidence of a broader retreat in North American economic activity is beginning to mount, with a retrenching consumer emerging as one of the key drivers in an expected slide into recession.

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Economy shrank 0.3 per cent in August

posted by blitz 1303 days ago in CAD, Fundamental, GDP made popular 1303 days ago

Canada's economy shrank 0.3 per cent in August following hefty 0.7 per cent growth in July, in what is widely seen as the first in a series of monthly pullbacks.

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Eurozone Inflation Decelerates In October Signaling Rate Cut

posted by blitz 1303 days ago in EUR, Fundamental, Inflation made popular 1303 days ago

Reinforcing expectations that the European Central Bank would cut key interest rate in November, Eurozone inflation slowed in October. At the same time, official data showed that the jobless rate remained stable in September.

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Canada August GDP shrinks 0.3 percent

posted by blitz 1303 days ago in CAD, Fundamental, GDP made popular 1303 days ago

Canada's economy shrank 0.3 percent in August, partially erasing sharp gains in July, on weakness in the manufacturing, wholesale trade and energy sectors, Statistics Canada said on Friday.

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