• Sun
  • Aug 31, 2014
  • Updated: 6:55am

Canadian Dollar

Canada suffers mass lay-offs in factory exodus

Canada's economy shed a record 42,000 factory jobs last month, the biggest drop in manufacturing employment since the harrowing recession of the early 1990s.

Saturday, 25 February, 2006, 12:00am

State still vying to end use of the greenback

Vietnamese authorities are still trying to crack down on the use of the country's unofficial currency, the US dollar.

The State Bank of Vietnam has issued another directive banning the advertisement of goods and services using dollar prices.

'Frankly, our economy is being 'dollarised',' said the state-owned Vietnam Economic Times in a recent editorial.

27 Nov 2004 - 12:00am

Lower interest rates give home sales boost

The Canadian property market remained relatively upbeat during the first six months of this year because of lower- than-normal interest rates.

Currently, a fixed mortgage, which is preferred by most Canadians, costs between 6.9 and 8.1 per cent, according to the Bank of Nova Scotia. However, it is possible to get a one-year mortgage at less than seven per cent.

1 Jul 1999 - 12:00am

Debate over value of a linked currency

Until 1983, the Hong Kong dollar floated freely. In other words, its value was not controlled by the Government. It was allowed to find its own value in relation to other currencies according to market forces.

1 Mar 1999 - 12:00am

C$ declines to 140-year low

The Canadian dollar fell to the lowest level against its US counterpart since it was created in 1858, dropping to 69.04 US cents in early trading. Its foray into record-low territory came even as the Bank of Canada bought Canadian dollars to steady its value.

23 Jan 1998 - 12:00am

Wall Street plays cat and mouse with dollar

MARKETS often behave like Tom the cat in the Tom And Jerry cartoon films. They run off the cliff, legs still going like normal, and only drop when they suddenly realise that there is nothing underneath them.

27 Nov 1994 - 12:00am

Issue of new $10 coins will end in tears

I READ with a great deal of interest articles on the proposed issuance of the new $10 coins. My interest is backed by many years' experience in this area, because I am a Canadian whose monetary authorities took a wrong turn similar to what is happening here in Hong Kong.

9 Nov 1994 - 12:00am

Man tricked out of $74,000

A MACAU man paid two youths $74,000 for a bundle of Peruvian currency worth less than $80. The pair stopped the man in the Bank of China head office in the enclave and showed him a bundle of foreign notes they said were Canadian dollars.

They told him they would change C$18,500 at one Canadian dollar to four Hong Kong dollars against the market rate of one to $5.61.

21 May 1994 - 12:00am

Dollar falls against mark, yen

THE dollar came under vicious attack towards the end of the week as concern over Mexican political developments and President Clinton's role in the Whitewater affair, sent US financial markets into a tailspin.

27 Mar 1994 - 12:00am

UK rate cut puts pressure on sterling

THE Bank of England, in a move apparently aimed at softening the pain of imminent tax increases while sustaining economic recovery, cut its minimum lending rate 25 basis points to 5.25 per cent.

Better than expected inflation figures were cited as prompting the reduction, although sceptics thought it had more politically motivated reasons.

13 Feb 1994 - 12:00am

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