BoC Statement
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per...
SNB Pledges Unlimited Currency Purchases
The Swiss central bank imposed a ceiling on the franc’s exchange rate for the first...
Negative 2nd Quarter Triggers Canadian Recession Fears
Wednesday’s release by Statistics Canada revealed that for the three months ending ...
Bernanke Challenges Congress to Make “Difficult Choices”
Federal Reserve Chairman Ben Bernanke used this years Economic Symposium to challenge Fed policymake...
Yen Falls as Officials Pledge Action on Currency
In response to a record high of 75.95 yen to the dollar, Japan’s Finance Minister Y...
Bank of Canada Statement Highlights
Realization of several downside risks indentified in the Bank’s July Monetary Polic...
Fed Lowers U.S. Outlook; Pledges Low Interest Rate to Continue
After three days of wide-spread losses the Federal Reserve was left with little choice but to take t...
Trichet’s Communiqué
1. ECB is to reactivate two of it’s most potent anti-crisis measures: a....
Swiss Franc the New Reserve Currency?
In times of uncertainty, nervous investors historically tend to gravitate towards the CHF and JPY. T...
What if the U.S. Fails to Reach Debt Limit Deal?
Most analysts believe U.S. lawmakers will ultimately arrive at an agreement to lift the $14.3 trilli...
Dallas Fed Bank President Sees Improvement in Second Half
In an interview published Friday morning, Federal Reserve Bank of Dallas President Richard Fisher sa...
UK Interest Rates Held Steady at 0.5%
Despite inflation climbing to 4.5 percent in April from 4 percent the month before, the Bank of Engl...
Bernanke Downplays Likelihood of QE3
In a speech delivered to conference attendees in Atlanta yesterday, Federal Reserve Chairman Ben Ber...
Bank of Canada Holds Interest Rates at 1%
As expected, the Bank of Canada announced this morning that it was maintaining the current 1 percent...
Bank of Canada Rate Decision Due Tuesday
Early indications are that the Canadian dollar could decline ahead of tomorrow’s Ba...
Dollar Weaker on Interest Rate Speculation
The U.S. dollar was down 0.7 percent in mid-day trading in New York today on reports that first quar...
Crunch Time for Portugal and the Eurozone Just Weeks Away
If you are looking for further evidence as to just how bleak the outlook is for Portugal, consider t...
Fed on hold, pace of recovery ‘Moderate’
Federal Reserve policy makers said the economy is recovering at a “moderate paceâÃ...
Dollar Weaker Ahead of FOMC Statement
The dollar continued its week-long slide against the euro just one day before the next Federal Open ...
BoC on hold at +1%
The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent....