USD-CAD rates

First time for the last 4 months:

---------------21/01 -------22/01
1 USD (noon) 1.0324 ----1.0253 CAD
1 USD (closing) 1.0329 ---1.0281 CAD


1 CAD (noon) 0.9686----- 0.9753 USD
1 CAD (closing) 0.9681 ---0.9727 USD



Central banks in both Canada and the United States dropped interest
rates Tuesday in an effort to stem a huge selloff on global stock markets,
prompted by fears the U.S. may already be in a recession.
The U.S. Federal Reserve made a surprise cut of three-fourths of a percentage
point to its federal funds rate, while the Bank of Canada cut its key overnight
rate by one-quarter point to four per cent.
The Toronto stock market rebounded some in early trading Tuesday after
plummeting more than 600 points Monday, slashing more than $90 billion
in market value as investors rejected a U.S. economic stimulus program.



Manufacturing jobs will continue to be under pressure,
but the Ontario economy is not in danger of falling into a recession
despite deepening fears of a major slowdown in the United States,
Premier Dalton McGuinty said on Tuesday January, 22.