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The Canadian dollar fell the most in a month against its U.S. counterpart as selling pressure emerged after signs of economic growth from the U.S. and China failed to drive the currency above a key technical level.
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Some residents of a rural Pennsylvania region at the heart of the natural gas boom say they hope that a Matt Damon film about drilling will return scrutiny to complaints about water pollution rejected by state and federal regulators.
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Before many Pennsylvania movie-goers settle in for Matt Damon’s film about the fight over natural gas drilling, they will see a message from the energy industry offering “straightforward facts” about hydraulic fracturing.
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When the corporate, drill-happy shills of Gus Van Sant’s “Promised Land” arrive in small town Pennsylvania, they shop for local anti-finery from a highway store that sells guns, guitars and flannel shirts.
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The Canadian dollar declined from the strongest level in almost three weeks against its U.S. counterpart amid concern a budget showdown in Washington will derail the economy of Canada’s biggest trade partner.
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The Canadian currency touched the lowest level since January as it fluctuated before the Bank of Canada releases its monetary policy report next week.
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Canada’s dollar traded at almost parity with its U.S. counterpart before a government report tomorrow that economists predict will show that employment growth is slowing.
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Canada’s dollar rose for the first time in three days against its U.S. peer after Bank of Canada Senior Deputy Governor Tiff Macklem reiterated policy makers may withdraw monetary stimulus as the nation’s economy recovers.
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Canada’s dollar rose from the lowest level in two weeks and posted the biggest one-day gain this month on speculation central banks will consider increasing monetary stimulus to spur growth, boosting higher-risk assets.
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Canada’s dollar touched a three-week high as stocks and commodities such as crude oil gained on speculation a recovery in the U.S., Canada’s biggest trade partner, will resume.
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