FOREIGN EXCHANGE

This Economic Cycle's Oxymoron: More Growth, Less Cash

Cash has been plentiful in emerging markets. Between 2009-2012 as quantitative easing ramped up, there was a massive expansion in borrowing on global bond markets by emerging market (EM) sovereigns, banks and companies. As a result, EM economies are now closely integrated into global debt markets, and thus more affected by actions taken in Developed Markets (DMs), particularly the withdrawal of quantitative easing (QE).
CP

Loonie Edges Higher, Greenback Slides

TORONTO - The Canadian dollar closed higher Friday as the greenback weakened somewhat following a report that the Italian government is taking more measures to calm financial markets. The loonie was a...