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Tag Archives: higher oil prices

Russian rouble propped up by local taxes, higher oil prices


MOSCOW: The Russian rouble was steady in early trade on Monday, retaining support from high oil prices and the peak of local tax payments. On the stock market, shares of food retailer Magnit underperformed, losing 3 percent, extending losses of the previous week when the company reported a 53 percent drop in net profit in the third quarter. At 0755 ... Read More »

Canadian dollar strengthens on jobs surge, higher oil prices


OTTAWA: The Canadian dollar strengthened against its U.S. counterpart on Friday as oil prices rose and domestic jobs surged but still ended the week lower. Canada added 48,300 jobs in January, Statistics Canada said, as hiring in the service sector helped the labor market build on its momentum from the latter part of 2016. “It’s another impressive read,” said Desjardins ... Read More »