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Canada Fx Debt-c$ Lowest Vs Us$ Since May 2010 As Rout Continues
sites Analysts cut their forecasts for the currency in a Reuters poll released Wednesday, which sees the Canadian dollar trading at C$1.09 in 12 months from now. Bank of Canada Governor Stephen Poloz said on Tuesday the central site web bank should keep its key interest rate on hold until economic data persuades it otherwise. Along with the likelihood rates will stay low for some time, the reduction of economic stimulus south of the border is expected to weigh on the loonie. Minutes from the U.S. Federal Reserve's December meeting released on Wednesday showed the central bank's top officials were keen to steer a delicate path as they debated their decision to scale back the Fed's economic stimulus program. It was after last month's meeting that the central bank announced it would be reducing its bond purchases to $75 billion a month, catching some in the market by surprise.
Canada is giving its young workers a chance ? or at least the female ones
So what are we to take from the international comparisons? Well, lined up against other developed countries, Canada is clearly doing better than average in terms of overall labour force outcomes for youth. However, even a cursory look at the data shows that this better is concentrated pretty squarely on young women, who are apparently more likely to be employed than young men if they want to be, and more likely to be in school if they do not. Now, the data are a couple of years old; it is possible of course that the split narrowed a bit since 2011. But it is concerning that it was there at all, and that it was a wider split than was true in other countries.
Canada Unveils Loaded Roster as It Goes for Gold
Other players who could have made the cut include James Neal, Eric Staal, Milan Lucic, Taylor Hall, Brent Seabrook, Mark Giordano, Dan Boyle, Corey Crawford, Marc-Andre Fleury and Logan Couture, who is scheduled for surgery this week to treat an upper-body injury. The current team includes 11 players from the Vancouver Games. Thornton, Seabrook, Boyle and Fleury are among the players who were not given a chance to return after being on the team four years ago. Stamkos has not played in nearly two months because of a broken right leg, but he's on Canada's team for now. Yzerman, who is Stamkos' general manger with the Lightning, said Stamkos is scheduled for X-rays later this week. "If he's healthy, he's one of the 25 best players, obviously," Yzerman said at a news conference in Toronto. "If we didn't name him today and no one is injured, we wouldn't be able to announce him later." Injured players can be replaced before the final rosters are set on Feb.
CANADA STOCKS-TSX rises slightly as Valeant continues advance
"That's a good backdrop for us." Investors also digested a bullish U.S. private jobs report, ahead of nonfarm payrolls data set for release on Friday. Figures from payrolls processor ADP on Wednesday showed U.S. private employers added a more jobs than expected in December, posting http://damionjevy.soup.io/post/380844035/Hollywood-Daughter-Wins-Miss-Golden-Globe the strongest increase in 13 months. "The ADP number portends well for Friday's jobs report, which will be the most closely watched piece of news on both sides of the border," Stephenson said. The Toronto Stock Exchange's S&P/TSX composite index was up 14.21 points, or 0.10 percent, at 13,611.14. Seven of the 10 main sectors on the index were higher.
Canada?s Dollar May Reach 2009 Low, RBC Says: Technical Analysis
dollar breached a key resistance level at C$1.0738, George Davis, chief technical analyst for foreign exchange, http://samobsc.wordpressy.pl/?p=10 and strategist Paul Borean at the companys RBC Capital Markets unit in Toronto said in a client note today. A closing above C$1.0853, its 2010 high, would open the way for the currency to slide toward C$1.0991, they wrote. Thats the weakest level since September 2009. Canadas currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, dropped yesterday after the nations November trade deficit swelled to nine times what economists forecast, adding to bets Bank of Canada Governor Stephen Poloz might cut interest rates. Weak domestic data flow prompted the initial leg higher during yesterdays session, and BoC Governor Poloz commented in an interview after the close that he is not under pressure to raise the policy rate, Davis and Borean wrote.