Fund industry stinks at helping investors tame currency risk

Fund industry stinks at helping investors tame currency risk
Globe and Mail - Earth to the mutual fund industry: The Canadian dollar is on a rocket ride to parity with the U.S. buck and you guys are snoozing through it. Our dollar's rise from the near-dead is only one of the biggest stories of the past five years for retail

Why Is the Dollar Losing Value?
ABC News - The Canadian dollar has reached parity with the U.S. dollar for the first time since 1976. They are now equal in value. The euro also soared to its highest-ever level against the dollar, trading above $1.40 for the first time since the currency was

Magna announces completion of transaction involving Russian Machines
Forbes - such as certain light trucks; the termination or non-renewal by our customers of any material contracts; our ability to offset increases in the cost of commodities, such as steel and resins, as well as energy prices; fluctuations in relative currency

Long-distance phone scam operating in Minneapolis
Minneapolis Star Tribune - Long-distance phone scam operating in Minneapolis Two convenience store clerks threatened by gunman Man stabbed to death in Minneapolis overnight 2nd-degree murder charges in Minneapolis drive-by Currency counter arrested; $3,500 found in her car

When in 'Roam' (or Brussels), elites protect their own
ZDNet - Roaming charges are rather high when traveling from one European country to another--and those invisible borders do seem a little archaic when passport-free travel and a common currency make everything else seem as though Europe had grown into a

Brazil, Chile, Mexico: Latin America Bond and Currency Preview
Bloomberg - Sept. 20 (Bloomberg) -- The following events and economic reports may influence trading in Latin American local bonds and currencies today. Bond yields and exchange rates are from the previous day's session. Brazil: Inflation as measured by the IGP-M

Venezuela Plans to Sell $1.2 Billion in Dollar Bonds (Update4)
Bloomberg - Investors will be able to buy the dollar bonds with local currency, the Finance Ministry said. Bolivar, Rates The Bond of the South will help satisfy local demand for foreign currency, causing the bolivar to strengthen in the

UPDATE 2-Canadian dollar climbs to parity with greenback
Reuters - The historic level comes as oil prices sit near record highs and a China-led building boom helps boost base metals prices, developments that have guided billions in profits to Canada's resource-rich West, stoking the bulk of the currency's past

Global stocks mixed
Reuters - The euro hit $1.4064, according to Reuters data, the highest since the launch of the common European currency in 1999. The move coincided with the dollar's index against six major currencies tumbling to a new 15-year low. "As long as the market is

Buba's Weber says euro helped Germany to weather worldwide financial
Forbes - FRANKFURT (Thomson Financial) - Bundesbank president Axel Weber said Germany was able to weather the turbulence in the financial markets worldwide because it has the euro as its currency. At a dinner speech marking the 50th anniversary of the