POLITICS - The Canadian dollar closed higher today as Republicans and Democrats bickered over what to do about America's huge debt and bankrupted finances. So far American lawmakers have failed to raise the country's debt limit and this delay is hurting the US economy.
In Canada the Canadian Loonie went up to 106.07 cents US after earlier running as high as 106.3 cents US today, its highest level since early November 2007.
The United States has a week to reach a deal to increase its $14.3-trillion USD debt limit or will not being able to pay its bills. That has led to fears the world's largest economy could default on its debts and send shockwaves throughout world markets.
The weak U.S. dollar also pushed oil prices higher with the September contract on the New York Mercantile Exchange up 39 cents to US$99.59 a barrel. A weaker greenback usually helps raise oil prices, which are denominated in dollars, as it makes oil less expensive for holders of other currencies.
Gold prices are up from Monday's latest record close, up $4.60 to $1,616.80 USD per ounce.
Subscribe to:
Post Comments (Atom)
Featured Posts
|
The Sarcasm Symbol
Ever had some confusion online or with your cellphone when someone fails to catch the sarcasm? Well now with the SarcMark you can ge... |
|
Behold, the Scorpion Hydrogen Supercar
CARS - To the right is the future of supercars... it is a hydrogen supercar called the Scorpion. The Scorpion from Ronn Motors in Texas is t... |
|
Documents show Stephen Harper misusing public funds
CANADA - According to 950+ pages of documents obtained by the Canadian Press under the Access to Information Act the Privy Coun... |
|
Pink's Rosie the Riveter
ENTERTAINMENT - What I like about this video is how it meshes different social movements like feminism, veganism, anti-capitalism... |
|
California's Dustbowl
ENVIRONMENT - The photo on the right is a farm in California that has been put up for sale. Its just one of thousands of farms that are n... |
|
Is Steampunk the New Goth???
GOTHIC - Watch out what you see on the subway late at night because while in 2001 you might have seen some pretty freakish goths, by 20... |
|
Do you have enough Ice Water in your diet?
HEALTH - A Calorie (large C) is a measurement of the amount of energy needed to raise the temperature of a litre of water (1 kg's worth) ... |
|
North Korean timeline towards Inevitable War
POLITICS - The following is timeline of events that have occurred on the Korean Peninsula. 1945 - Japan surrenders to the United States a... |
|
Judgment Day is Tomorrow, so sayeth Cult
RELIGION - According to a cult based in California, Judgement Day is tomorrow (May 21st 2011) and Jesus Christ will return to the Earth a... |
|
Sex in Space Forbidden
SEX/TECHNOLOGY - Sex in outer space is a big no-no according to NASA. Not for professional astronauts at least, but the growing numb... |
Popular Posts / Last 30 Days
-
Toronto Mayor Rob Ford is being sued by his sister's ex-husband who alleges the mayor conspired to have him attacked in jail to prevent ... -
CANADA - The following is a list of 10 reasons why Torontonians are considered the rudest city in Canada. The sad part is Toronto may deser... -
TECHNOLOGY - When the iPhone 4 was being designed and sent to production Apple’s senior antenna expert warned CEO Steve Jobs of a potential...
-
By Charles Moffat - July 2010. ART HISTORY / CANADA - I have multiple art history books on my shelf written by Dennis Reid so it comes as ...
-
When bidding for the White House it always helps to have the cards stacked in your favour. While Barack Obama turned down Hillary Clinton as... -
The little-known Republican vice-presidential candidate Sarah Palin faces accusations of firing public safety commissioner Walt Monegan in ... -
By Ai Lung Nguyen - October 2008. UNITED STATES - If 72 year old John McCain wins the US presidency, but kicks the bucket in the next four... -
POLITICS - The following is timeline of events that have occurred on the Korean Peninsula. 1945 - Japan surrenders to the United States a... -
CANADA - The reputation of the Toronto Transit Commission's buses, street cars and subways' drivers is just going from bad to worse...
-
CANADA - In the early 1990s immigration actually helped saved the Canadian economy from the recession . Why? Home sales. More population,...
No comments:
Post a Comment
Comments containing links will be marked as spam and not approved. We moderate every comment. If you want to advertise on this blog it is $30 per link.