The euro reached a three-month low against the dollar as European Central Bank President Mario Draghi signaled policy makers are ready to take action in June should they see low inflation becoming entrenched.
Jim Flaherty announced yesterday he would be resigning his post as Canadian finance minister after more than eight years on the job. The following are comments from executives, economists and officials on his tenure as Canada’s third longest-serving finance chief.
Jim Flaherty, one of Canada’s longest-serving finance ministers who helped the country stave off the worst of the global financial crisis, announced his resignation from cabinet to seek work in the private sector.
The Canadian dollar may fall to its lowest level in two weeks against its U.S. counterpart now that it has broken a key short-term support level, according to Toronto-Dominion Bank, citing technical indicators.