FOREX-Dollar turns tail as Trump pulls ahead in fiercely contested US election

By Shinichi Saoshiro
| TOKYO

The dollar sank more than three percent versus the yen and turned tail against other major peers on Wednesday in extremely volatile trade in global markets, as a fiercely contested U.S. presidential election showed the outcome was too close to call. Republican Donald Trump won the key battleground state of Ohio on Tuesday, was the projected winner in Florida and led Democrat Hillary Clinton in a series of other states like North Carolina, in a surprisingly close race for the White House.The dollar slumped 3.1 percent at 101.890 yen JPY= in a volatile day that saw it rise to 105.480 earlier, when last-minute projections from the previous day put Clinton in favour.The dollar fell 1.8 percent against the Swiss franc, another safe-haven, to 0.9606 franc CHF=.”The catalyst behind the dollar’s slide was reports that put Trump ahead of Clinton in the battleground state of Florida,” said Junichi …
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FOREX-Dollar turns tail as Trump edges ahead in fiercely contested US election

* Dollar tumbles as Trump seen favoured in Florida* Dollar/yen slides 2.5 pct, euro/dollar up 1.3 pct* Mexican peso tumbles, swiss franc rallies

(Updates throughout)By Shinichi SaoshiroTOKYO, Nov 9 The dollar tumbled more than two
percent versus the yen at one point and turned tail against
other major peers in volatile trade on Wednesday, as Republican
presidential candidate Donald Trump edged ahead of Democratic
rival Hillary Clinton in a tight U.S. election battle.Trump held slight leads in the vital battleground states of
Florida, Virginia and Ohio, clinging to a narrow advantage over
Clinton in key states that could decide their race for the White
House.The dollar was down roughly 2.5 percent at 102.430 yen
in a volatile day that also saw it rise to 105.480
earlier.The dollar fell 1.2 percent against the Swiss franc, another
safe-haven, at 0.9660 franc.

“The catalyst behind the dollar’s slide was reports that put
Trump ahead of …
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Dollar turns tail as Trump edges ahead in fiercely contested U.S. election

By Shinichi Saoshiro

TOKYO (Reuters) – The dollar sank more than three percent versus the yen and turned tail against other major peers on Wednesday in extremely volatile trade in global markets, as a fiercely contested U.S. presidential election showed the outcome was too close to call.

Republican Donald Trump won the key battleground state of Ohio on Tuesday, was the projected winner in Florida and led Democrat Hillary Clinton in a series of other states like North Carolina, in a surprisingly close race for the White House.

The dollar slumped 3.1 percent at 101.890 yen JPY= in a volatile day that saw it rise to 105.480 earlier, when last-minute projections from the previous day put Clinton in favor.

The dollar fell 1.8 percent against the Swiss franc, another safe-haven, to 0.9606 franc CHF=.

“The catalyst behind the dollar’s slide was reports that put Trump ahead of Clinton in the battleground state of Florida,” …
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Canada fiscal plan has taken pressure off central bank -Schembri

(Adds comments on monetary policy, Canadian dollar)By Richard Woodbury Nov 8 Structural weaknesses are
weighing heavily on Canada’s export sector but an improved mix
of fiscal and monetary policy has taken some pressure off the
central bank to stimulate demand, a senior Bank of Canada
official said on Tuesday.Bank of Canada Deputy Governor Lawrence Schembri also said
Governor Stephen Poloz believes the central bank still has
unconventional tools left it can use to stimulate demand, but
that the mix of fiscal and monetary policy in Canada is moving
in a better direction.”Achieving that better balance is really important for us
because it relieves some of the pressure on the central bank to
boost aggregate demand and reach our inflation target,” Schembri
told an economic policy think tank audience in Halifax.

The federal Liberal government said last week the budget
deficit would reach C$25.1 billion ($18.8 billion) in the
2016-2017 …
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Structural weakness weighs on Canada exports -central bank

(Adds comments on monetary policy, Canadian dollar)By Richard Woodbury Nov 8 Structural weaknesses are
weighing heavily on Canada’s export sector but an improved mix
of fiscal and monetary policy has taken some pressure off the
central bank to stimulate demand, a senior Bank of Canada
official said on Tuesday.Bank of Canada Deputy Governor Lawrence Schembri also said
Governor Stephen Poloz believes the central bank still has
unconventional tools left it can use to stimulate demand, but
that the mix of fiscal and monetary policy in Canada is moving
in a better direction.”Achieving that better balance is really important for us
because it relieves some of the pressure on the central bank to
boost aggregate demand and reach our inflation target,” Schembri
told an economic policy think tank audience in Halifax.

The federal Liberal government said last week the budget
deficit would reach C$25.1 billion ($18.8 billion) in the
2016-2017 …
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Canada's Library of Parliament is digitizing its massive, $10M book about birds

The Library of Parliament is digitizing its rare copy of James John Audobon’s Birds of America, one of the world’s most expensive books with a value of more than $10 million.The original copy of the book, which consists of 435 full-colour plates measuring 70 centimetres by one metre, collected into 17 different volumes, is physically the largest item in the Library of Parliament collection. It’s one of just three known sets containing both all of Audobon’s original prints as well as seven composite prints he completed later on to make corrections.The book’s preservation and documentation is important for several reasons including both its financial and historical value, Sonia Bebbington, director of knowledge management and preservation at the Library of Parliament, told Yahoo Canada News.The last known sale of a similar copy of Birds of America was done by Christie’s in 2011 and fetched more than $11.7 million …
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Tru love: Canada's year of Justin Trudeau has been a honeymoon, but will it last?

The optimistic prime minister has charmed Canadians, and the world, during his first year in office. Now the challenge is to prove he’s a change maker

Justin Trudeau poses for selfies at Toronto Pearson international airport. One polling expert said of the prime minister’s popularity: ‘I’ve never seen anything like it.’
Photograph: Mark Blinch/Reuters

The line to get in stretched around the block and deep into a hotel parking lot.
Thousands of people had turned up to an election campaign event in Medicine Hat, a small Albertan city in Canada’s conservative heartland, hoping to catch …
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Canada gives foreign visitors male, female, other option at border

By Ellen Wulfhorst

NEW YORK (Thomson Reuters Foundation) – Some foreign visitors to Canada will be allowed to identify themselves as male, female or other in a border document being introduced this week, officials said on Monday, as Canada joins a handful of nations offering gender neutral options.

The new Electronic Travel Authorizations (eTAs) with three gender options will be introduced on Thursday for travelers flying into or through Canada, officials said.

Canada also has taken steps toward allowing people who have changed genders to switch the designation on passports and other documents, said a spokeswoman for the Immigration, Refugees …
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Canada to spend $1.1 billion to boost oil spill response

By Catherine Ngai

VANCOUVER (Reuters) – Canada’s Liberal government on Monday vowed to toughen its response to oil spills at sea, a move that some critics say will increase local tanker traffic and hurt the environment.

As part of a marine safety plan to protect oceans, Prime Minister Justin Trudeau said Ottawa would spend C$1.5 billion ($1.1 billion) over five years on better response measures and research into how to clean up oil spills.

Trudeau said the plan “will make Canada a world leader in marine safety.”

However, environmentalists said the announcement was a sign Ottawa will approve the hotly contested …
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