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U.S. markets recover from steep losses
MONTREAL, June 1 (UPI) -- The Canadian dollar topped 94 cents in U.S. currency Friday prompting another prediction the "loonie" was headed for parity with the greenback.
The loonie, as the Canadian dollar is known, was trading at 94.21 cents, up 0.70 of a cent from Thursday's close. It had not been in this range since late July 1977, CBS said.
Solid economic growth and an increase in interest rates will push the Canada dollar even with the U.S. dollar by the end of the year, Jeff Rubin, CIBC World Markets chief economist, predicted.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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