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C$ weakens as falling oil prices outweigh robust GDP data TORONTO: The Canadian dollar fell sharply against the US dollar on Friday as tumbling US crude prices was the dominant driver for the currency, overshadowing higher-than-expected third-quarter Canadian growth figures.Crude oil prices hit a fresh four-year low following OPEC's decision on Thursday to keep current production levels unchanged, a move market participants said would leave oil markets oversupplied.US crude, in particular, was down nearly 6 percent from Wednesday's finish. US financial markets were closed on Thursday for the US Thanksgiving holiday.In Canada, strong exports, business investment and consumer spending helped lift the economy by an annualized 2.8 percent in the third quarter, eclipsing the 2.1 percent forecast by the market."Certainly this report on its own would provide a lift for the Canadian dollar ... however, the currency has been buffeted in recent days by the weakening in oil prices," said Paul Ferley, assistant chief economist at Royal Bank of Canada."Oil ...

China's yuan drops, set for 1st monthly decline since April SHANGHAI: China's yuan fell on Friday as companies' demand for dollars surged at month-end, with the currency on course for its first monthly decline in seven months.By midday, spot yuan was at 6.1479 per dollar, its lowest level in two months, and 0.14 percent weaker than Thursday's close of 6.1392.The People's Bank of China (PBOC) fixed the yuan's daily midpoint at 6.1345 per dollar, down 0.04 percent from previous fix."The dollar purchase outweighs sales today, ...

Russian assets sink on oil price collapse MOSCOW: Russia's rouble and shares hit new lows on Friday as oil prices collapsed after OPEC decided to leave its output unchanged despite heavy oversupply. At 1000 GMT, the rouble was around 2.2 percent below the previous close at 49.72 roubles per dollar, and 1.7 percent weaker against the euro at 61.94 roubles. It earlier hit an all-time low of 49.90 to the dollar.Traders said market moves were exacerbated by thin volumes, which mean that ...

UK 10-year gilts' yield premium over Bunds hits 6-month low LONDON: The yield premium of 10-year British government bonds over German Bunds fell to a six-month low on Friday, extending recent outperformance after data showed euro zone annual inflation fell to 0.3 percent in November. Ten-year gilts' yield spread over Bunds tightened by more than 2 basis points on the day to hit 120 basis points, its lowest level since late May . Ten-year gilt yields fell to their lowest level since May 2013 at ...

Euro zone bond yields hold at lows as inflation outlook dims LONDON: Euro zone sovereign bond yields held near record lows on Friday, as falling energy prices pulled down consumer price growth across the bloc, raising the chances of more ECB stimulus. Preliminary data showed euro-wide inflation cooled to 0.3 percent in November, in line with analysts' estimates and down from 0.4 pct the previous month. Consumer inflation has not been at the ECB's target level of close to 2 percent since the start of 2013, ...

India's 10-year bond at 16-month high on rate cut hopes MUMBAI: India's benchmark 10-year bonds rose to their highest level in 16 months on Friday, as plunging global oil prices reinforced expectations of a rate cut by the central bank when it reviews monetary policy on Tuesday. The 10-year bond yields however retreated from the 16-month low of 8.06 percent on profit-taking after cut-offs on a 10-year debt sale earlier in the day came in at higher-than-prevailing market levels.Yields fell as much as 19 basis ...

UK 30-year gilts hit record high after weak German inflation LONDON: British 30-year government bonds hit a record high on Thursday, after weak German inflation data boosted the attraction of fixed income investment and added to seasonal investment flows into long-dated gilts.Germany's annual inflation rate fell to 0.5 percent in November, its lowest in nearly five years and a development that suggests the risk of deflation in the euro zone has not yet abated.Thirty-year gilt yields fell to an all-time low of 2.686 percent at ...


ArrowDJIA 17,827.75 0.07
ArrowNasdaq 4,787.32 0.61
ArrowS&P 2,072.83 0.28
ArrowFTSE 6,723.42 0.09
ArrowDAX 9,974.87 0.60
ArrowCAC-40 4,382.34 0.20
ArrowNikkei 17,248.50 0.78
ArrowH.Seng 24,004.28 0.45
ArrowSensex 28,438.91 0.19

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln