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CIBC

Dollar dips before Fed meeting statement

NEW YORK: The dollar dipped against the euro and yen on Wednesday as traders awaited a US rates decision by the...

Published 01 Feb, 2024 04:52am

Business & Finance

Dollar poised for steep weekly fall

NEW YORK: The dollar headed toward one of its steepest weekly declines versus other major currencies this year on...

Published 18 Nov, 2023 06:03am

Business & Finance

Dollar dips, with jobs data in focus

NEW YORK: The greenback slipped against a basket of currencies on Monday as investors waited on testimony by Federal...

Published 07 Mar, 2023 03:16am

Business & Finance

Pound rises vs dollar

LONDON: The pound rose against a weakening dollar but fell versus the euro on Tuesday, with an equity rally helping...

Published 22 Jun, 2022 05:58am

Business & Finance

Dollar slips from 2-decade highs; yuan falls

NEW YORK: The US dollar was down slightly on Monday after hitting a 20-year peak last week, with the global economy...

Published 17 May, 2022 05:39am

Three banks join initiative for voluntary carbon market platform

LONDON: Three more banks have joined an initiative to develop a new platform for settling transactions of voluntary...

Published 16 Feb, 2022 06:20am

Business & Finance

Sterling rises for third straight session

LONDON: Sterling rose for a third straight session to a week-high against a weakening dollar on Tuesday, lifted by a...

Published 02 Feb, 2022 04:45am

Business & Finance

Sterling hits week low as dollar strength, political risk weigh

LONDON: Sterling fell to its lowest level in a week against the dollar on Tuesday as a jump in U.S. Treasury yields...

Published 19 Jan, 2022 06:15am

Business & Finance

Canada joblessness back up in April amid new Covid outbreak

OTTAWA: Canada shed 207,000 jobs in April, with a new Covid wave pushing the unemployment rate to 8.1 percent after...

Published 08 May, 2021 03:30am

Business & Finance

CEO calls for policies to boost housing supply as prices surge

"Part of the short-term aberration you're seeing here is low interest rates, lots of liquidity, but not enough supply," Dodig said in an interview late on Wednesday.
Canada's financial regulator said it will relaunch on Thursday a consultation on the minimum qualifying rate for borrowers of uninsured mortgages. It had suspended the consultation, originally announced in February 2020, less than a month later.

Published 08 Apr, 2021 08:03pm

Business & Finance

Canada’s economy grows for ninth month

OTTAWA: Canada’s economy expanded for a ninth consecutive month in January and most likely grew in February,...

Published 01 Apr, 2021 04:10am

Business & Finance

Canada jobs market bounces back, unemployment lowest in a year

OTTAWA: Canada added a net 259,000 jobs in February, blowing past forecasts as the unemployment rate fell 1.2...

Published 14 Mar, 2021 04:13am

Markets

Sterling steadies

LONDON: Sterling steadied against the dollar on Wednesday and gained against the euro after the announcement of an...

Published 04 Mar, 2021 04:58am

Business & Finance

TD Bank, CIBC beat profit expectations on lower loan loss provisions

Canadian banks have largely avoided an increase in soured loans as several government assistance measures, expected to end this summer, helped profits surpass pre-pandemic levels.
TD reported a 14% rise in net income at its Canadian retail banking arm to C$2.04 billion ($1.63 billion), while its US retail business recorded a drop of 13%.

Published 25 Feb, 2021 06:28pm

Business & Finance

Dollar steadies in Europe

LONDON: The dollar slipped slightly on Thursday, after softer-than-expected US inflation data for January and a...

Updated 12 Feb, 2021 09:30am

Markets

Canadian dollar notches a 2-week high as oil win streak lengthens

The loonie was trading 0.3% higher at 1.2699 to the greenback, or 78.75 US cents. The currency touched its strongest intraday level since Jan. 27 at 1.2694.

Published 10 Feb, 2021 10:38am

Business & Finance

CIBC's stake sale in FirstCaribbean fails to get regulatory approval

CIBC had agreed to sell 66.73% of its stake in CIBC FirstCaribbean to GNB Financial for $797 million in November, 2019.
The component of CIBC's business which housed FirstCaribbean contributed less than 3% to CIBC's revenue in the fourth quarter of 2020.

Published 03 Feb, 2021 09:59pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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