Forex News and Rumors

Canada Adds Nearly 36,000 Jobs

Statistics Canada said today that 35,900 jobs were created in April after several months of losses and surprising analysts who expected the economy to lose 50,000 positions. This is the largest single-month increase since a gain of 92,200 jobs in September 2008. More

US Unemployment Climbs to 8.9% – 539K More Jobs Lost in April

While the rate of job losses slowed in the US in April, 539,000 more were still added to the unemployment tally that now sits at 8.9 percent. More

Bank Stress Test Result Show 10 Banks Underfunded

The US Federal Reserve released the results of the government-mandated stress tests late yesterday and as rumored, 10 of the 19 banks were deemed to be underfunded when evaluated against a theoretical “worst-case” scenario. Despite these results, Treasury Secretary Timothy Geithner claimed that none of the banks were in danger of insolvency. More

Link to Report on Federal Reserve Website

Toyota Records Company’s Worst Year

Toyota – which surpassed General Motors earlier this year to become the world’s largest automaker – announced today that it lost 436.94bn yen ($4.4bn) for the year ending March 31st. More

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