Arab Today, arab today canadian dollar gains at end of 2011
Last Updated : GMT 22:03:31
Arab Today, arab today
Arab Today, arab today

Canadian dollar gains at end of 2011

Arab Today, arab today

Arab Today, arab today Canadian dollar gains at end of 2011

Toronto - Arabstoday

The Canadian dollar rose against its US counterpart as crude oil, the nation\'s biggest export, pared a decline and the euro fell against most major currencies on concern Europe\'s debt crisis will slow economic growth. Canada\'s currency, dubbed the loonie for the aquatic bird on the C$1 coin, gained as it ended the year trading on average above parity with its US counterpart for the first time in more than three decades. The Canadian dollar rose as institutional investors bought and sold currencies for year-end positioning. \"I would expect anyone positioning for 2012 would be lightening up on euro exposure and adding to other exposure, especially that of strong sovereigns like Canada,\" said Camilla Sutton, head of currency strategy at Bank of Nova Scotia in Toronto. \"It\'s always good to start off the year positioned the way you want to be.\" The loonie rose 0.2 per cent to C$1.0180 (Dh3.65) per US dollar in Toronto on Friday, after earlier falling 0.2 per cent. It touched C$1.0126 two days earlier, the strongest since Dec-ember 8. One Canadian dollar buys 98.23 US cents. Canada\'s dollar rose 0.3 per cent against the euro after Friday reaching its highest level since January. Canada\'s dollar maintained an average of 98.92 Canadian cents per US dollar in 2011, according to daily closing prices, the highest annual value since 1976, when it traded at 98.63 Canadian cents, according to Bloomberg data. The loonie is the fourth-worst performer this year after the euro, Sweden\'s crown and the Norway\'s crown among the ten major currencies tracked by Bloomberg Correlation Weighted Indexes. Euro falls The Standard & Poor\'s 500 Index declined 0.3 per cent. Futures on crude oil declined 0.7 per cent to $98.99 a barrel in New York after earlier falling 1.2 per cent. Europe\'s shared currency dropped below 100 yen for the first time since June 2001 after Spain said its budget deficit will reach eight per cent of gross domestic product this year, more than the previous forecast of six per cent. Luxembourg\'s Jean- Claude Juncker, who leads the group of euro-area fin-ance ministers, said econ-omic growth in the euro region ‘isn\'t good\' and the world economy is growing only in some Asian and African countries. Implied volatility for one-month options on the Canadian dollar versus the greenback rose for a sixth day to as high as 11.1 per cent, the most since December 16. Implied volatility, which traders quote and use to set option prices, signals the expected pace of swings in the underlying currency. The measure has averaged ten per cent this year. Government bonds Canada\'s benchmark five-year bond was little changed, with the yield rising one basis point, or 0.01 percentage point, to 1.27 per cent as the price of the 2.75 per cent security due in September 2016 decreased to C$106.68. Canadian five-year bonds yielded 44 basis points above equivalent-maturity US securities. The so-called spread hit 33 basis points last week, the narrowest this year. It was as wide as 77 basis points in July. The nation\'s government bonds have returned 9.6 per cent this year, the most since 2008, according to Bank of America Merrill Lynch data. Canada\'s currency fell 0.1 per cent last month and two per cent last year against its US counterpart. It strengthened to 94.07 cents per US dollar, a more than three-year high, on July 26 and weakened to C$1.0658 on October 4. It will depreciate to C$1.04 by the end of the first quarter before rebounding by year-end, according to median forecasts of analysts and economists in a Bloomberg survey. Those forecasts compared with C$1.02 and 98 Canadian cents at the end of November.

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 gains at end of 2011 Arab Today, arab today canadian dollar gains at end of 2011

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets

GMT 17:28 2017 Monday ,27 March

Vietnam's capital Hanoi stock index ends up

GMT 16:09 2017 Monday ,27 March

Seoul shares end lower

GMT 13:54 2017 Monday ,27 March

Bahrain Bourse daily trading report

GMT 11:48 2017 Sunday ,26 March

US stocks decline on Trump policy uncertainty

GMT 19:32 2017 Saturday ,25 March

US Stocks Close Mixed
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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