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Day: January 9, 2014
January 92014
Loonie Slides to Three-Year Low
The Canadian dollar hit a three-year low against the US dollar today, thanks in large part to signs of economic recovery in the United States and the continued divergence of monetary policies between the United States and Canada. Canada’s economy appears to be stalling right now. Even as economic data shows that things are picking up in the United States and even the United Kingdom, Canada is being left behind — along with the eurozone. As a result […]
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January 92014
Euro Struggles Following ECB Decision
Euro is struggling a bit on the currency market today, following an expected interest rate decision from the European Central Bank. Concerns about growth in the eurozone continue to weigh on the 18-nation currency, and there isn’t a whole lot that can be done to boost the euro until the economy starts to pick up. As expected, the European Central Bank kept interest rates steady in the monthly meeting. Following the meeting ECB President Mario Draghi […]
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