For the complete report in the Ottawa Business Journal click on this link
Euro gains as China plans to dump U.S. dollar reserves
The euro advanced on Friday against the U.S. and Canadian dollars. News that China is planning to further divest itself of U.S. dollars, and recent comments by the European Central Bank that they plan to raise interest rates in December added to the appeal of the euro.
Gross domestic product numbers released in France today however, suggest the European economy may be slowing. France's GDP for the third quarter slowed to a halt, recording no further growth from the second quarter when the economy expanded by 1.2 per cent.
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