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
