New Zealand’s dollar may extend a two-month slide against its U.S. peer after it closed below a key level of support, according to Royal Bank of Canada.
In the heart of the Canadian Prairies, bankers made no pretense of working once the puck dropped to start the men’s Olympic hockey semifinal between Canada and the U.S.
Royal Bank of Canada, the largest asset manager among the country’s lenders, benefited from a gain in Smith & Wesson Holding Corp.’s shares after increasing its stake in the U.S. gunmaker last quarter.
The dollar fell the most in two weeks versus the yen before U.S. data that analysts said will show gross domestic product contracted in the first quarter.
Canola processing in Canada, the world’s biggest grower and exporter, has declined even after last year’s record harvest because railway backlogs have slowed shipments to mills.
KPMG Inc., the court-appointed trustee for the Canadian unit of MF Global Holdings Ltd., was ordered to make cash payments to the bankrupt company’s 2,500 foreign exchange customers in the country.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since December 2007, after data showed employers added workers in December at about the same pace as the prior month.
Options are signaling that the Federal Reserve can reduce its bond-purchase program without causing a spike in price swings in the Treasury market.