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Canada inflation drops to 0.8pc in April OTTAWA: Low oil and gas prices brought inflation down in April but Canadians paid more for almost everything else, the government statistical agency said Friday.The consumer price index fell to 0.8 percent in the month, according to Statistics Canada. Analysts had expected a rate of 1.0 percent after it was 1.2 percent in March.Statistics Canada said the prices of meat, fresh vegetables, restaurant meals, passenger vehicles, clothing and footwear increased.Gasoline, natural gas and mortgage interest costs fell.At 2.3 percent, the core inflation rate used by the Bank of Canada in setting key lending rates, however, remained above the central bank's 2.0 percent target.Its next rate announcement is scheduled for Wednesday.Copyright AFP (Agence France-Presse), 2015 ...

Obama praises US senators for 'big step forward' on trade WASHINGTON: US President Barack Obama praised US senators on Thursday for advancing legislation that would help him complete a trade pact with Asian countries, a major policy priority for the White House. "I want to thank a bipartisan group of senators who took a big step forward this morning on a trade agenda that is consistent with strong labor standards, strong environmental standards," Obama said at the beginning of a meeting with members of his ...
BP oil spill caused dolphins' lung disease, deaths: study MIAMI: Dolphins swimming in the oil-contaminated waters of the Gulf of Mexico after the 2010 BP spill suffered unusual lung lesions and died at high rates because of petroleum pollution, US scientists said Thursday.The latest findings in the journal PLOS ONE present the strongest evidence to date that the environmental disaster that was unleashed when the BP-leased Deepwater Horizon rig exploded on April 20, 2010, pouring 4.9 million barrels of oil into the ocean, was ...
One US Marine dead, 21 hurt in 'hard landing' WASHINGTON: One Marine was killed and 21 others required hospital treatment after their MV-22 Osprey aircraft made a "hard landing" during training in Hawaii on Sunday, the US military said.The "mishap" was under investigation, a Marine statement said, and residents told local media they saw thick, black smoke rising from the area around Bellows Air Force Station."Twenty-two Marines were aboard at the time and all other 21 have been transported to local hospitals for assessment ...
Six bodies recovered in Colombia mine collapse RIOSUCIO: Rescuers Friday said they had found six bodies in a collapsed, unlicensed gold mine on an indigenous reservation in a central Colombian town.Another nine miners were believed to still be missing after the accident on Wednesday in the northwestern town of Riosucio, where authorities are carrying out an investigation of the mine.Rescuers were working into the evening to retrieve the sixth miner's remains, hours after the recovery of a separate body sapped the hopes ...
US weapons 'expedited' to Iraq amid IS advance: Biden WASHINGTON: The United States is sending "continued and expedited" weapons to Iraq, Vice President Joe Biden told Prime Minister Haider al-Abadi on Friday, amid a major Islamic State group advance.The phone call took place after Islamic State extremists seized a government compound in the city of Ramadi earlier in the day, edging closer to what would be their biggest victory in Iraq this year.Biden thanked Abadi "for his steadfast leadership in Iraq and for promoting ...
US, Cuba to hold embassy talks next Thursday: State Department WASHINGTON: American and Cuban officials will meet on May 21 to discuss reopening embassies and tackle broader migration, security and environmental issues, the US State Department said Thursday.The US top official for Latin America, Roberta Jacobson, will host a team from the Cuban government led by Havana's director of US affairs, Josefina Vidal.A State Department spokesperson said reestablishing embassies would allow greater cooperation between the former Cold War foes, who announced in December they would ...


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln