Arab Today, arab today canadian dollar falls on slowing global economy
Last Updated : GMT 23:28:25
Arab Today, arab today
Arab Today, arab today

Canadian dollar falls on slowing global economy

Arab Today, arab today

Arab Today, arab today Canadian dollar falls on slowing global economy

Halifax - Arabstoday

Canada\'s dollar fell for the second week as stocks were pummeled and oil, the nation\'s largest export, declined to the lowest level since February, signaling less demand for risky assets. The loonie, as the currency is nicknamed, fell versus 12 of its 16 most-traded counterparts this week on speculation slowing economic growth will weigh on demand for raw materials. Growth concern was tempered on Friday when reports showed Canadian jobs grew for a fourth straight month in July and employment increased in the US, the nation\'s largest trading partner, more than forecast. Demand for Canadian government securities will be tested when the Bank of Canada auctions three-year debt on Wednesday. Negative translation \"Concern over the health of the US economy is probably a very negative translation to the Canadian economy,\" said Gregory Salvaggio, senior vice-president of capital markets in Washington at the currency trader Tempus Consulting. Article continues below \"On top of that, significant slippage in commodity prices all contribute to downward pressure on the loonie. The Canadian currency fell 2.8 per cent to 98.20 cents per US dollar in Toronto from 95.52 on July 29. One Canadian dollar buys $1.0183. It touched 94.07 cents on July 26, the strongest since November 2007. Canada\'s 10-year government bonds traded this week at the biggest discount to Treasuries this year. The yield on Canada\'s benchmark 3.25 per cent bond due June 2021 dropped to 2.50 per cent on Thursday, about 10 basis points higher than the equivalent-maturity US security. Yields on two-year government bonds fell as much as 45 basis points this week, the most since October 2008. The bonds closed at 1.07 per cent, pushing the price of the 2 percent note due in August 2013 up 62 cents to C$101.81. The loonie rebounded yesterday from its biggest drop in more than a year against its US counterpart after the jobs reports. Canada added 7,100 jobs in July, while U.S. payrolls climbed by a more-than-forecast 117,000 workers after a 46,000 increase in June. Canada\'s unemployment rate fell to 7.2 per cent from 7.4 per cent in May, while the US jobless rate declined to 9.1 per cent from 9.2 per cent. The Canadian jobs gain was less than the 15,000 median of estimates in a Bloomberg News survey of 27 economists. \"It was slightly weaker than expected on the headline,\" said Camilla Sutton, head of currency strategy at Bank of Nova Scotia.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canadian dollar falls on slowing global economy Arab Today, arab today canadian dollar falls on slowing global economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canadian dollar falls on slowing global economy Arab Today, arab today canadian dollar falls on slowing global economy

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday