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C$ little changed, softer commodities weigh  TORONTO: The Canadian dollar traded little changed against the US currency on Friday, with weaker commodity prices weighing on sentiment and traders looking for indications North America is brushing off global economic stumbles.   Commodity prices and other currencies influenced by them also struggled as traders awaited clarity on whether heavily indebted Spain would request a bailout to shore up its finances. A bailout request is widely seen as positive as it would remove some uncertainty from financial markets.   The Canadian dollar received some support from news US consumer sentiment unexpectedly rose in October to its highest level in five years as optimism about the overall economy improved.   "Ultimately we need to see some signs that the NorthAmerican economy is holding up," said Jeremy Stretch, head of foreign exchange strategy at CIBC World Markets in London.   At 10:30 a.m. (1430 GMT), the Canadian currency was at C$0.9796 versus the US dollar, or $1.0208, down slightly ...

Euro gains as Spain bailout expectations rise  NEW YORK: The euro pushed higher Friday amid more expectations that Spain will give in and request a bailout that would bring some fresh calm to the nervous eurozone.   The yen meanwhile fell further as traders gained more appetite for risk.   At 2100 GMT, the euro was trading at $1.2958, up from $1.2926 late Thursday.   The greenback pushed higher to 78.39 yen from 78.33, while the euro pushed to 101.60 yen from 101.25.   "The euro continues to appreciate while ...
Euro rises vs dollar for first time in 4 days  NEW YORK: The euro rose against the dollar for the first time in four days on Thursday after the head of the International Monetary Fund said indebted euro zone economies should have more time to cut budget deficits, overshadowing a downgrade of Spain's credit rating.   The dollar slipped against higher-yielding currencies while the yen weakened broadly after an unexpectedly sharp fall in claims for US jobless benefits spurred investors to sell perceived safe havens and buy ...
Latam FX gains, Brazil yields drop  SAO PAULO: Latin American currencies gained on Thursday as stronger-than-forecast US jobs data encouraged investors to take risk in emerging markets, while Brazil's interest-rate futures fell after the central bank eased monetary policy late on Wednesday.   The Mexican peso and the Brazilian real rebounded from one-month lows after data showed the number of Americans filing for unemployment benefits fell last week to the lowest level in more than four and a half years.   The data suggested a ...
Major currencies flat as Fed report fails to excite  NEW YORK: The euro edged slightly higher against the dollar Wednesday in a generally quiet forex market unmoved by the slight improvements in the US economy noted in the Federal Reserve's Beige Book survey.   "Trading during the North American trading session was pretty boring today in the FX world as equities are garnering most of the attention. The earnings season is upon us and evidently, equities traders aren't too happy with what they are seeing so ...
Euro flat vs dollar as investors eye Spain, Greece  NEW YORK: The euro was stable against the dollar on Wednesday after a two-day decline as investors waited to see whether debt-ridden Spain would ask for a bailout for its public finances.   Traders said the euro is likely to trade in a range in the near term, with good support from its 200-day moving average around $1.2820, followed by the Oct. 1 low of $1.2802. A break below there would leave it vulnerable to more falls.   "The ...
Greece worries propel dollar higher  NEW YORK: The dollar gained ground against the euro Monday as fresh worries about Greece and Spain roiled the eurozone.   New concerns over Greece's future spilled through the markets after news that German Chancellor Angela Merkel was headed to Athens for talks on Tuesday.   At 2200 GMT, the euro was at $1.2967 compared to $1.3031 late Friday.   The yen pushed higher after falling most of last week, with the dollar buying 78.31 yen compared to 78.64, and the ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln