2014-43 News from around the world

1. Europe is growing slower than expected and forecasts of future economic growth have been cut yet again.

2. The  price of oil is the lowest in four years

There are two basic reasons:

• Low demand since the world economy growth slows down
• Worries about weak growth in the future reduce prices now

3. The exchange rate of the Canadian dollar in terms of the US dollar is the lowest in five years 

There are two basic reasons:

• The Canadian economy is growing slower than the US economy
• Canada is a major oil exporter; when prices of oil fall, the Canadian dollar depreciates