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The National Basketball Association is betting billionaire Brooklyn Nets owner Mikhail Prokhorov can give it an advantage as the league seeks to replicate in Russia its success in China.
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The Canadian dollar weakened to the lowest level in a year against its U.S. counterpart as speculation increased that economic growth will lag behind that in the nation’s largest trading partner.
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A surge in Canadian oil exports to the U.S. helped propel the country’s economy in the first quarter to its fastest growth pace since 2011, even as domestic demand expanded at the slowest rate since the 2009 recession.
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Canada’s dollar fell to a more than two-month low against its U.S. counterpart amid speculation growth in the world’s largest economy would spur the Federal Reserve to reduce stimulus, known as quantitative easing.
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The Canadian dollar declined to a two-month low versus its U.S. counterpart after the rate of inflation slowed in April to the least in more than three years, bolstering the case for relaxing monetary policy.
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The Canadian dollar posted its biggest loss in a year against its U.S. peer as the nation’s annual inflation rate fell in April to its slowest in more than three years, bolstering the case for relaxing monetary policy.
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The Canadian dollar reached a 12-week high versus its U.S. counterpart as a surge in metal prices boosted commodities and renewed confidence in global growth.
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The Canadian dollar reached the strongest level since February after the nation’s economy grew faster than forecast and speculation increased that U.S. policy makers will sustain monetary stimulus measures.
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Canada’s dollar strengthened against all 16 of its most-traded counterparts as global stocks rallied and Potash Corp. of Saskatchewan Inc. received a $39 billion purchase offer, boosting demand for growth assets.
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Canada’s dollar weakened a second day against its U.S. peer after Canadian factory sales fell in January, an unexpected drop that underscores the two nations’ diverging economic prospects.
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