Oil Falls on Weak Demand
Over half a million jobs have been lost in the US in the past month serving as just one more sign of the weakness in the US economy. As a result, crude oil for January delivery fell $2.62 (or 6 percent) to $41.05 a barrel at the close of trading on the New York Mercantile Exchange. More
Canadian Dollar Falls Nearly 2 Percent
A very weak employment report today forced the Canadian dollar down 1.9 percent from yesterday’s close to $1.3007 per US dollar. Some analysts suggest the dollar could fall to 1.25 per US dollar by the end of the year. More
China and US Pledge $20 B to Strengthen Trade
China and the US today agreed to contribute a combined $20 billion to promote trade between the two countries. More
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