Canada
CIBC in restructure
CIBC has realigned its capital markets business with the departure of Tim Carrington, Toronto-based head of global derivatives and strategic risk last Tuesday (April 13).
Loonie tunes into US dollar parity
The Canadian dollar breached parity with the US dollar for the first time in almost two years last Tuesday (March 6), and traders said the Canadian currency is set to test new highs for the year.
Bank of Canada: no intervention without strong policy
OTTAWA - Mark Carney, governor of the Bank of Canada, has told the country's House of Commons that the Canadian dollar's high exchange rate against the US dollar is depressing prices and economic activity.