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Canada unemployment rate rises to 7.1pc in September OTTAWA: A key driver of voting intentions in upcoming legislative elections, employment in Canada has seen little change in the past four months, the government statistical agency said Friday.About 12,000 new jobs were created from August to September, bringing the total number of Canadians employed last month to nearly 18 million.Canada's unemployment rate, however, increased by 0.1 percentage points to 7.1 percent in September as more Canadians joined the labor market.Analysts had expected the rate to remain flat, and a small uptick in new jobs.Prime Minister Stephen Harper's Conservatives, who have made the economy and job creation their main plank, are neck and neck with the Liberals and New Democrats ahead of the October 19 election, polling shows.According to Statistics Canada, part-time employment rose by 74,000 in September, which was largely offset by a decline of 62,000 in full time jobs.Employment increased among people aged 55 and older, the agency ...

US jobless claims tumble WASHINGTON: New claims for US unemployment insurance benefits tumbled last week to their lowest level in nearly three months as the jobs market improves, Labor Department data released Thursday showed.Initial jobless claims, a sign of the pace of layoffs, dropped by 13,000 to 263,000 in the week ending October 3. The prior week's level was downwardly revised by 1,000 to 276,000.Last week's claims reading was the lowest since July 18 and was much lower than ...
Mexico troops must leave streets: UN rights official MEXICO CITY: The United Nations' human rights chief called on Mexico on Wednesday to set a timetable for the withdrawal of military forces from controversial police work.Zeid Ra'ad Al Hussein, the UN High Commissioner for Human Rights, said the ministers of defense and the navy told him that they themselves were not at ease with having their forces doing police chores.Zeid recommended that President Enrique Pena Nieto's administration "adopt a timeframe for the withdrawal of ...
Draft Biden group airs first TV ad urging him to run WASHINGTON: Vice President Joe Biden, who has spent months mulling whether to jump into the 2016 White House race, received strong encouragement Wednesday when a pro-Biden group released a TV ad urging him to run."Things can change in a heartbeat. I know," begins the 90-second ad, which consists entirely of remarks Biden made during a commencement address at Yale University.The spot was released by Draft Biden, a political action group not directly connected with the ...
Kerry urges Haiti to get behind upcoming vote PORT-AU-PRINCE: Three weeks before Haiti holds polls that could make or break its recovery from disaster and political crisis, US Secretary of State John Kerry checked in Tuesday to urge the country to get behind the vote.Haiti's President Michel Martelly is forbidden from seeking a second term in office. But before he steps down, he has one more very important task -- to help Haiti prepare for the October 25 vote to choose his successor.In ...
Record floods kill nine in US state of South Carolina COLUMBIA: The death toll from record floods in the US state of South Carolina jumped to nine Monday, as tens of thousands of people lost power and had no drinking water.Shaken residents sought refuge in shelters, while authorities carried out evacuations by air since hundreds of roads and bridges were closed to traffic. Some 26,000 South Carolinians did not have electricity and 40,000 had no drinking water, Governor Nikki Haley told reporters on the outskirts ...
Obama to visit relatives of Oregon shooting victims WASHINGTON: President Barack Obama will travel to Oregon Friday to meet with relatives of the victims of the Umpqua Community College shooting, a White House official told AFP.A gunman went on a shooting rampage on October 1 that left nine people dead at the college in Roseburg, Oregon, before committing suicide as police cornered him.Just hours after the shooting, a stone-faced Obama gave a press conference in which he blasted the opposition Republican-controlled Congress for ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln