Archive for August 12th, 2008

Canadian Trade Surplus Widened in Value But Fell on a Volume Basis

August 12, 2008

Higher prices for oil and other commodities lifted the Canadian trade surplus to C$ 5.762 billion in June, matching consensus expectations.  However, the surplus in May was revised downward by 5.7% to C$ 5.22 bln, and both export volumes (-1.4%) and import volumes (-0.6%) declined.  The nominal value of energy exports rose 11.5%, while that […] More

New Overnight Developments Abroad - Daily Update

New Developments Abroad: Mixed Inflation News

August 12, 2008

The dollar continued to recover overnight, gaining 0.5% against sterling to a 21-month high.  It also rose 0.5% against the kiwi, 1.1% versus the Australian dollar, 0.3% relative to the Swiss franc, and 0.1% against the euro, yen, and Canadian dollar. The dollar touched its highest level against the yuan since June 23rd. Most Asian […] More