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Consumer Corner: Foreclosure settlement no magic bullet for economy
TORONTO, Nov. 6 (UPI) -- The Canadian dollar rose above $1.08 Tuesday to finish at a record $1.0852, up 1.34 cents.
The advance coincides with a run-up in the price of crude oil, which closed up $2.72 to $96.70 a barrel on the New York Mercantile Exchange, and gold, which surged $12.70 to close at $820.80 an ounce, the highest level in more than 27 years.
The Canadian dollar "is grossly overvalued and investors looking to take advantage of this (appreciation) should move quickly," ScotiaMcLeod investment executive Andrew Pyle said in a note.
In the meantime, the currency -- nicknamed the loonie because the Canadian dollar coin the bears an image of a common loon, a well-known Canadian bird, on its reverse side -- could hit $1.12, Bank of Nova Scotia forecast.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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SAN DIEGO, Feb. 13 (UPI) --
Northrop Grumman reports it will work on the second phase of the U.S. Navy project to deploy new tactical computing network systems aboard ships.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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