Canada Dollar Rises as Fading of Syria Threat Boosts Risk Assets
It certainly seems like markets in general are tied up in knots right now over what the Federal Reserve is going to say next week, HSBCs Watt said. Loonies Wings The loonie rose 1.3 percent last week as employment increased by 59,200, versus a projected 20,000 rise in a Bloomberg survey, while the jobless rate fell to 7.1 percent from 7.2 percent. The gains continued Sept. 9 after a report showed Canadian building permits rose 20.7 percent to C$7.99 billion in July, the highest on record. The weekly advance was trimmed yesterday as the ratio of Canadian household debt to disposable income rose to a record in the second quarter on increased mortgage borrowing after policy makers took steps to slow the housing market. Credit-market debt such as mortgages rose to 163.4 percent of disposable income, compared with a revised 162.1 percent in the prior three-month period, Statistics Canada said yesterday in Ottawa. Mortgage borrowing rose 1.7 percent to C$1.11 trillion ($1.08 trillion). Youve seen Canada have a really great week overall following last Fridays jobs numbers, said Brad Schruder, a director of foreign exchange at Bank of Montreal, by phone from Toronto. And, frankly, while I dont think the Canadian dollar is falling right now, the wax is beginning to melt on the wings, so to speak. Net Shorts Futures traders decreased their bets that the Canadian dollar will decline against the U.S. dollar, figures from the Washington-based Commodity Futures Trading Commission show. The difference in the number of wagers by hedge funds and other large speculators on a decline in the Canadian dollar compared with those on a gain — net shorts — was 30,942 on Sept. 10, compared with net shorts of 34,639 a week earlier. Traders have been betting on a decline since February. The loonie has fallen 0.8 percent this year against nine developed nations currencies tracked by the Bloomberg Correlation Weighted Index, ahead only of only the currencies of fellow commodities exporters Norway , Australia and New Zealand .
Canada Post pays tribute to Canadians’ love of hockey with new stamp series
Gabrielle will affect part of Atlantic Canada with drenching rain and gusty wind before the week comes to a close. Although Gabrielle became a tropical storm for the third in its life Thursday midday, the system was downgraded to a tropical depression early on Friday and will continue to unwind Friday night. Gabrielle is expected to curve gradually to the northeast as it tours part of Atlantic Canada this weekend. A cool front still pushing the Eastern U.S. will keep the tropical system far enough east to have no impacts on the United States. The main threat from Gabrielle will be heavy rain. According to AccuWeather.com Canada Weather Specialist Brett Anderson, “The heaviest rainfall, likely 25-50 mm, will run along and just west of the track up through eastern Nova Scotia, Prince Edward Island and western Newfoundland.” RELATED: Canada Weather Blog In addition to the heavy rainfall, Gabrielle will also bring winds of tropical storm force to the region that could bring down trees and lead to power outages. “At this point, it looks like tropical storm-force winds could impact Cape Breton then the south coast of Newfoundland late Friday and Friday night.” Anderson said. By Saturday, interactions with land and the sweeping energy of the cold front will likely cause Gabrielle to lose tropical characteristics. However, the system may still bring some more rainfall to part of Labrador before it travels over the cold waters of the northern Atlantic Ocean.
Serbia, Canada tied 1-1 in Davis Cup semifinal after opening singles
Ottawa Senators: On their stamp, the Senators’ player sports a current team jersey, while a spectator in the stands shows his enthusiasm for the Senators in a 1992 jersey, the first uniform worn by the current-era team. Toronto Maple Leafs: In the Maple Leafs’ commemorative stamp, the player on the ice wears the current jersey, and the fan sports a vintage look from 1967, Canada’s centennial year. Winnipeg Jets: With its fourth stamp since November 2011, this issue features the team’s current home and away jerseys inspired by its beloved name and the community’s special relationship with the Royal Canadian Air Force (RCAF). Edmonton Oilers: On this stamp, the player on the ice wears the Oilers’ current uniform and a fan in the stands wears a vintage jersey from 1979, the year the team joined the NHL. Calgary Flames: In this commemorative stamp, the Flames player shows off the club’s current uniform, while a fan proudly models his team’s first jersey, which dates back to 1980. Vancouver Canucks: The jerseys depicted on the commemorative stamp include the current one, seen sported by the player on the ice, and the 1997 version, worn by a cheering fan. Canada Post and the NHL have a shared tradition in featured stamps with the first issue in October 1992. Those stamps highlighted three NHL eras: The Early Years (1917-1942), the Six-Team Years (1942-1967) and the Expansion Years (1967-1992). Canada Post featured the Stanley Cup for the first time on a stamp in April 1993, commemorating its 100th anniversary. The next two-stamp set, issued in September 1997, paid tribute to The Series of the Century between Canada and the USSR, featuring NHL players. To commemorate the 50th NHL All-Star Game in 2000, six stamps honoured six great players of those games. Canada Post and the NHL teamed up with five more All-Stars themed sets of six stamps, one each year from 2001 to 2005. In celebration of the Montreal Canadiens’ 100th anniversary, a four-stamp series was issued in October 2009. The most recent NHL issue was in November 2011, featuring three Picture Postage stamps celebrating the return of the Winnipeg Jets to the NHL.
Tipsarevic had a match point against the big-serving Raonic when leading 5-4 in the fifth set. Djokovic, coming off a four-set loss to Rafael Nadal in the U.S. Open final on Monday, won 12 consecutive games midway through his match and had no problem dispatching the 41st-ranked Canadian. He said he was still recovering from the change of the time zones and jet leg after arriving in the Serbian capital from New York on Wednesday. Im glad the match was short, Djokovic said. I forced him to make mistakes. … I find additional inspiration while playing for my country. Pospisil said Djokovic played an amazing match and gave him no chance. There is no excuse, Pospisil said. He is the No. 1 player in the world for a reason. Canada has never made it this far in the Davis Cup, while Serbia won the event in 2010. Doubles will be played Saturday and reverse singles on Sunday. The winner of the best-of-five series will face either the Czech Republic or Argentina in the final in November.