EUR ‘toppish’ ahead of EFSF ratification
Euro leaders will gather at the end of this week to conclude the ratification of the EFSF program th...
Oil Prices Decline as Libya Announces Cease Fire
Oil prices declined by mid-morning in New York after Libya announced it would halt further military ...
UN Agrees to Libyan No-Fly Zone; Oil Tops $103
Oil climbed above $103 a barrel Friday morning following the news that the UN has mandated the enfor...
Crisis in Japan Not Likely to Trigger Recession
Economists with Canada's largest banks feel there is little likelihood of the events in Japan trigge...
ECB Supports European Stability Mechanism
With the continuation of violence in the middle east and the tragic events in Japan taking most of t...
Oil, Food Prices Push US Consumer Costs Higher
A 0.5 percent increase in the Consumer Price Index drove the cost of living higher in the US in Febr...
Speculation Grows G7 to Act to Calm Markets
Stocks in Europe gained and North American markets are expected to open higher as speculation grows ...
What to expect with Yen G7 intervention
The immediate effect of the sharp rise in risk aversion has been to push the JPY and the CHF sharply...
Fed Hints Further Stimulus Not Necessary
Noting that the US economy is on "firmer footing" and an improved employment outlook, the tone of ye...
Portugal Downgraded
In a not unexpected move, Moody's has downgraded Portugal's debt rating two steps from A1 to A3. Not...
EUR under threat from weak stop losses
Currency volatility over the last day has been more about panicked position reduction, rather than t...
Bank of Japan Provides Another $98bn to Support Markets
The Bank of Japan added another $98 billion to yesterday's 183 billion earmarked to support the coun...
Canadian Dollar, Oil Falls on Japan Risk Concerns
The Canadian dollar fell more than two cents as investors fled to the perceived safety of the Americ...
EURO to suffer further losses
The dollar is firmer this morning, with markets in risk averse mode, as concerns over Japan's nuclea...
Canadian Dollar Closing in on 3-Year High
The Canadian dollar - AKA the "loonie" - traded at 97.23 cents per U.S. dollar at 7:57 a.m. in Toron...
Bank of Japan Provides Billions to Stabilize Markets
The Bank of Japan has pumped 15 trillion yen ($183bn; £114bn) into the country's banking sys...
Fed NY Bank Pres “Encouraged” by Latest Growth
William Dudley, Federal Reserve Bank of New York President, described the recent growth in manufactu...
Stocks, Oil Decline After Earthquake Hits Japan
Stocks continued to fall today in the wake of yesterday's sell-off and news of a strong earthquake h...
US Jobless Claims Rise to 397,000
Recent improvements in the fight against unemployment in the US took a step backwards last week as t...