Tag: currency

Jamaica

Jamaica Gets Fitch’s Upgrades

One of America’s biggest rating agencies, Fitch Ratings Inc. has affirmed the Government’s Long-Term Foreign-Currency Issuer and Local-Currency Issuer Default Rating at ‘B+’ and revised the outlook from stable to positive. Fitch indicated that the revised outlook reflected Jamaica’s efforts in maintaining the debt-to-GDP on a downward trajectory and large primary surpluses.  In explaining the affirmation of the “B+” ratings, […]

BUSINESS Commerce

U.S. Move Sends Canadian Dollar Stumbling

The United States act of imposing new tariffs on softwood lumber has sent the Canadian dollar tumbling to a 14-month low. The United States said recently it will impose preliminary anti-subsidy duties averaging 20 per cent on imports of Canadian softwood lumber, escalating a long-running trade dispute between the two countries. While the currency fell, shares in Canadian lumber companies […]