Canada dollar weakens slightly ahead of data deluge
TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Thursday as signs of a shrinking domestic economy weighed, while traders looked ahead to a string of data for further direction. At 7:45 a.m. (1145 GMT) the Canadian dollar was trading at C$1.0002 to the greenback, or $0.9998, compared with C$0.9990, or $1.0010, at Wednesday’s North American close. The currency felt some pressure after weak gross domestic product data pointed to slower growth in the third quarter. “The moves overnight were fairly minor … but for the day ahead there’s a big focus on U.S. …
Greek journalist tried over Swiss bank list
ATHENS (Reuters) – Greek lawyers launched their defense of a prominent journalist on Thursday charged with breaking private data rules after he published the names of more than 2,000 wealthy Greeks believed to be holding Swiss bank accounts. The printing of the “Lagarde List” by magazine editor Costas Vaxavanis has touched a nerve in almost-bankrupt Greece, where rampant tax evasion is undermining a struggle to cut public costs and raise revenue under an EU/IMF bailout deal. …
Cricket-Rain washes out first Sri Lanka-New Zealand ODI
KANDY, Nov 1 (Reuters) – Heavy rain prevented any play in the first one-day international between Sri Lanka and New Zealand at Pallekele on Thursday. A one-off Twenty20 international between the two sides on Tuesday at the same venue was also affected by bad weather and ended in a no result with only 16 overs bowled in the entire match. The teams travel to Colombo for the second and third one-day internationals in the five-match series to be played on Nov. 4 and 6. . (Editing by John Mehaffey)
BCE profit falls, but revenue up
(Reuters) – BCE Inc , Canada’s biggest telecom provider, reported on Thursday lower profit compared with a year earlier, when lower income tax expenses had boosted earnings, but revenue rose. Earnings before interest, taxes, depreciation and amortization rose 4.0 percent, helped by growth in Bell’s wireless and media divisions. Bell Canada’s parent recently delayed the closing of its proposed acquisition of Astral Media Inc after Canada’s broadcast regulator blocked the C$3 billion deal. …
Tuesday, November 6, 2012
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