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C$ strengthens, but lower oil prices seen weighing TORONTO: The Canadian dollar was marginally stronger against its US counterpart on Friday, but was seen at risk of weakening due to lower oil prices and worries about the results of European bank stress tests that are due on the weekend.Brent crude fell below $86 a barrel on news of strong supply from Middle East OPEC producers. Markets were also hit by news of the first confirmed case of Ebola in New York.The Canadian currency had strengthened on Wednesday after a Bank of Canada statement dropped a reference to neutrality on interest rates. But investors were unable to get more clarity from the central bank because a scheduled press conference was canceled after a gunman shot dead a soldier at the National War Memorial in Ottawa and gunfire erupted inside parliament.Bank of Canada Governor Stephen Poloz is now set to testify at the Senate banking committee on Oct. 29. His ...


Sterling up on UK GDP, eyes first weekly rise in four LONDON: Sterling rose against the dollar on Friday after figures showed the UK economy met expectations and grew at a healthy pace, providing a relief for those worried that weakness overseas could be a drag on activity. The pound moved further above $1.60 and on a broader trade-weighted basis was on track for its first weekly rise in four. Britain's economy grew by 0.7 percent in the third quarter, down from 0.9 percent the quarter ...

Polish zloty inches up after central bank chief's comments BELGRADE: Poland's zloty firmed slightly on Friday afternoon after the central bank chief said the currency was slightly undervalued, providing a boost to central and eastern Europe's largest economy.Asked by reporters if he saw the zloty as slightly undervalued, Marek Belka said: "Yes.""It is a stimulus for the economy," he added.The zloty, which hit 15-month lows against the dollar on Thursday, was bid at 3.3273 to the dollar by 0138 GMT, compared with 3.3424 at ...

New York Ebola case pares Asia FX weekly gains SINGAPORE: Most emerging Asian currencies eased on Friday, paring some of their weekly gains, as risk sentiment weakened after a doctor in New York tested positive for Ebola, the first case in America's largest city.South Korea's won slid for the day as investors took profits from the best performing emerging Asian currency of the week.The won recovered most of its earlier losses on expectation of inflows after Korea Electronic Power Corp launched on Thursday an ...

Kenyan shilling steady, seen weaker on dollar demand from importers NAIROBI: The Kenyan shilling was stable in early trading on Friday, with traders expecting it to weaken into next week due to substantial end-month dollar demand from importers.At 0850 GMT, commercial banks quoted the shilling at 89.35/45, unchanged from Thursday's close.A downturn in the tourism industry after a spate of bomb and gun attacks along the coast and in the capital this year has hurt one of the major sources of hard currency for East ...

Sterling up on UK GDP, eyes first weekly rise in four LONDON: Sterling rose on Friday after figures showed the UK economy slowing but in line with forecasts and still growing at a healthy pace, a relief for those worried that weakness overseas could be a heavier drag on activity. The pound moved further above $1.60 and on a broader trade-weighted basis was on track for its first weekly rise in four. Britain's economy grew by 0.7 percent in the third quarter, down from 0.9 percent ...

Polish zloty hovers around 15-month lows against the dollar BELGRADE: Poland's zloty hovered around 15-month lows against the dollar, little changed from Thursday, when minutes of October's central bank meeting showed bank policymakers were inclined to cut interest rates quickly and deeply in coming months.Central and Eastern European currencies were stable against the euro, which gained support from data showing euro zone business growth has picked up unexpectedly this month.Markets will be watching a meeting in Warsaw where David Lipton, the first deputy director ...


 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln