The Canadian dollar fell for a second day after a government report showed Canada’s trade surplus narrowed more than analysts forecast.
[B]Canada[/B][B]'s Trade Surplus Falls as Exports Drop
[/B]Exports fell for the third straight month in June, narrowing Canada’s trade surplus with the rest of the world, Statistics Canada said Tuesday. The trade surplus fell to a lower-than-expected $5.3 billion, down from $5.9 billion the month before. Analysts had been expecting the surplus to drop to $5.6 billion.
[B]ICE has Friday Deadline to Boost Bid for Winnipeg
[/B]Intercontinental Exchange Inc. has until Friday to match a $50-million competing takeover offer from a mystery bidder for the Winnipeg Commodity Exchange, privately held WCE Holdings Inc. said in a release. ICE offered $40 million for the Winnipeg exchange, best known for its canola futures contract, in June while in the midst of a bidding war for the Chicago Board of Trade, which it lost to the Chicago Mercantile Exchange.
[I][B]Source: Financial Post[/B][/I]
[B]Canada[/B][B] Dollar Falls as Trade Surplus Narrows More Than Forecast
[/B]The Canadian dollar fell for a second day after a government report showed Canada’s trade surplus narrowed more than analysts forecast. The currency also declined as traders unwound so-called carry trades, a strategy in which they borrow yen in Japan, where the benchmark lending rate is 0.5 percent, to buy higher- yielding assets in economies such as Canada, where the lending rate is 4.50 percent.
Bloomberg - Are you a robot?
[I]Source: Bloomberg [/I]