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Canadian home sales edge higher in October TORONTO: Sales of existing homes in Canada edged higher in October from September, the Canadian Real Estate Association said on Monday, suggesting the housing market was carrying momentum into the traditionally slower winter months.The industry group for real estate agents said sales rose 0.7 percent last month from September. Actual sales for October, not seasonally adjusted, were up 7.0 percent from October 2013.CREA's home price index rose 5.5 percent from October 2013. The national average price, not seasonally adjusted, was C$419,699 ($371,054), up 7.1 percent from October 2013."Overall not a bad reading on the Canadian housing market, with lower (borrowing) rates still likely providing support," Nick Exarhos, economist at CIBC World Markets, said in a research note.Sales in September had declined from August, and analysts had been forecasting a slowdown in home sales and building this year after about five years of rising sales and prices, which had raised fears ...

US manufacturing expands, but may be losing speed WASHINGTON: US manufacturing output rose in October, but a third straight month of declines in motor vehicle production hinted at some slowing in the pace of factory activity.Still, manufacturing remains sturdy, with other data on Monday showing a rebound in activity in New York State this month."This is consistent with our outlook for continued manufacturing expansion in the fourth quarter, though at a more subdued pace than in recent months," said Jesse Hurwitz, an economist ...
German growth 'sluggish' until year-end: Bundesbank FRANKFURT: The German economy, Europe's biggest, will continue to show little sparkle at least until the end of the year, the German central bank or Bundesbank predicted on Monday. "The further deterioration in economic expectations and the stagnation of new orders point to a rather sluggish course of economic development in Germany until at least the end of 2014," the Bundesbank wrote in its latest monthly report.German gross domestic product (GDP) grew by a meagre ...
Turkish Oct budget deficit 3bn lira ISTANBUL: The Turkish budget showed a deficit of 3 billion lira ($1.34 billion) and a primary surplus of 3.99 billion lira in October, the finance minister said on Monday, compared with a deficit of 9.2 billion and a primary deficit of 4.6 billion in September.In the first ten months of the year, the budget gave a deficit of 14.9 billion lira, and a primary surplus of 30.3 billion lira, according the data.Finance Minister Mehmet Simsek ...
Thailand trims outlook again as Q3 GDP hit by export slump BANGKOK: Thailand cut its outlook for the fourth time this year after its economy grew much less than expected in the July-September quarter, hit by a contraction in exports and tourism.The surprisingly weak outlook has raised doubts the junta can quickly turn the economy around even after pledging to roll out infrastructure projects and other steps to boost spending.Southeast Asia's second-largest economy grew 1.1 percent in the third quarter from the prior three months, and ...
Euro zone trade surplus jumps y/y in Sept on stronger exports BRUSSELS: A surge in exports boosted the euro zone trade surplus in September to more than double the previous month's value, data showed on Monday, pointing to a positive contribution from trade to euro zone's economic growth in the third quarter.The European Union's statistics office said that the unadjusted external trade surplus of the 18 countries sharing the euro rose to 18.5 billion euros in September from 10.8 billion a year earlier and a revised ...
Japan's slip into surprise recession paves way for tax delay, snap poll TOKYO: Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.The recession comes nearly two years after Abe returned to power promising to revive the economy with his "Abenomics" mix of massive monetary stimulus, spending and reforms, and is unwelcome news for an already shaky ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

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