Japanese PM Abe says North Korean missile launch a grave threat to Japan
LONDON, April 29 North Korea's decision to test-fire a ballistic missile represents a grave threat to Japan, Prime Minister Shinzo Abe said in London on Saturday.
* Canadian dollar at C$1.0929 or 91.50 U.S. cents * Bond prices mostly higher across the maturity curve (Adds details, quotes; updates prices) By Leah Schnurr TORONTO, June 5 The Canadian dollar rose modestly against the greenback on Thursday, boosted by an increase in investor risk appetite after the European Central Bank announced a rate cut as well as further actions to boost the euro zone economy. The Canadian currency remained within its recent trading range, however, as investors turned their attention to Friday's key jobs report for May. The loonie also reversed earlier gains against the euro after the ECB cut interest rates and launched a series of measures to boost liquidity. The ECB stopped short of quantitative easing, such as the Federal Reserve has done, but said it was preparing to purchase asset-backed securities in the future. The euro recouped earlier losses to trade higher against the Canadian dollar and was last up at C$1.4919. While the ECB's moves translated into improved risk sentiment and demand for the Canadian dollar against the greenback, the lift was likely to be temporary, said Rahim Madhavji, president at KnightsbridgeFX.com in Toronto. "At the end of the day, I think the Canadian dollar is still quite rangebound," Madhavji said. The Canadian dollar ended the North American session at C$1.0929 to the greenback, or 91.50 U.S. cents, slightly stronger than Wednesday's close of C$1.0939, or 91.42 U.S. cents. Canadian economic data had little impact on the loonie as the value of building permits rose in April, but fell short of expectations. Separate data that showed the pace of purchasing activity in Canada unexpectedly contracted last month briefly weakened the loonie, but the currency was ultimately able to push higher. The monthly jobs report will be the main focus on Friday, with economists expecting the economy to have added 25,000 jobs in May after unexpectedly shedding jobs the month before. The dovish tone from the Bank of Canada in their policy statement on Wednesday has removed one potential catalyst for the loonie to rise in the near term, according to Madhavji. "The Bank of Canada has really taken out the catalyst for upside for the loonie, but I think the downside is still there, especially if the jobs data comes out negative. We could see a pretty sharp selloff in the loonie based on what the Bank of Canada has set up going into tomorrow," he said. Canadian government bond prices were mostly higher across the maturity curve, though the two-year was unchanged to yield 1.064 percent, while the benchmark 10-year bond was up 18 Canadian cents to yield 2.331 percent. (Editing by G Crosse)
April 28 A top U.S. financial regulator said on Friday that it closed the banking unit of First NBC Bank Holding Co, three days after the lender reported accounting issues dating back to at least 2015.