TORONTO www.nikehyperadaptuk.com , Feb. 3 (Xinhua) -- Canada's main stock market in Toronto hit a two-month high on Tuesday as oil prices rally continued.
Toronto Stock Exchange's benchmark S&PTSX Composite Index advanced 162.41 points, or 1.09 percent, to 15,062.88 points, with resources shares leading the increase.
The equities market gained momentum in the midday trading and closed higher for a fourth consecutive session, when the oil prices extended the rally. Light, sweet crude for March delivery rising 3.48 U.S. dollars to settle at 53.05 dollars a barrel on the New York Mercantile Exchange.
Energy advanced 4.2 percent when Canadian Oil Sands Ltd. soared 20.53 percent to 11.39 Canadian dollars (about 9.19 U.S. dollars) nike hyperadapt uk sale , after surging 20.38 percent on Monday, and Encana Corp., the heavyweight in this sector, gained 7.71 percent to 17.6 per share.
Another resource group, Metals and Mining, jumping 6.69 percent, was the biggest gainer across TSX sectors cheap nike hyperadapt uk , as Teck Resources Ltd. spiked up 7.43 percent to 18.37 Canadian dollars and Lundin Mining Corp. rose 9.17 percent to 5.12 Canadian dollars.
Financials added 2.57 percent, when Toronto-Dominion Bank rallied 2.84 percent to 52.79 Canadian dollars, and Royal Bank of Canada increased 2.63 percent to 74.83 Canadian dollars.
In other gainers, industrials and info-tech grew 1.21 percent and 0.34 percent, respectively.
However, the healthcare sector was down 1.05 percent, when the drug maker Valeant Pharmaceuticals International nike hyperadapt uk , Inc. dropped 2. 88 percent to 197.81 Canadian dollars.
Utilities also slumped 1.11 percent, after Canadian Utilities Ltd. lost 2.06 percent to 41.43 Canadian dollars.
On the economic front, Statistics Canada reported Tuesday that the Industrial Product Price Index decreased 1.6 percent in December, largely as a result of lower prices for energy and petroleum products. The Raw Materials Price Index declined 7.6 percent in December, mainly because of lower prices for crude energy products.
On the currency front, the Canadian dollar on Tuesday moved up to settle at 0.8067 U.S. dollar from 0.7951 U.S. dollar on Monday.
ADDIS ABABA, Jan. 22 (Xinhua) -- African economies will continue to grow in 2015 due to private investment and consumption which have been key drivers of gross domestic product (GDP) over the past years Women's Nike Air Skylon 2 White Purple UK , according to the UN World Economic Situation and Prospects 2015 (WESP).
Africa's GDP is expected to accelerate from 3.5 percent in 2014 to 4.6 percent in 2015 and 4.9 percent in 2016.
In his presentation on the report on Thursday at the UN Economic Commission for Africa (ECA) in Ethiopia's capital Addis Ababa, Adam Elhiraika, Director for Macroeconomic Policy Division at ECA, said rising middle class, improvement in the business environment and decreased cost of doing business are the major contributors to Africa's economic growth.
The global economy is expected to expand at a slightly faster but still only moderate pace, with world gross product (WGP) projected to grow by 3.1 and 3.3 percent in 2015 and 2016, respectively Men's Nike Flex 2018 RN White Black UK , compared with an estimated growth of 2.6 percent in 2014.
A major weakness in the macroeconomic picture remains the employment situation, as GDP growth continued to be subdued and below potential in many parts of the world, and therefore did not create a sufficient number of productive jobs, says the report.
The report warns Africa's growth is subject to a number of downside risks.
Elhiraika stated that falling oil prices; falling commodity prices; the Ebola epidemic in West Africa; renewed weakness in developing markets; continuing political instability in some areas, possibility of weather-related shocks, are among the downside risks in Africa.
Of the five sub-regions of the continent, East Africa is expected to experience the fastest growth Men's Nike React Hyperdunk Flyknit White Navy UK , reaching 6.8 percent in 2015 and 6.6 percent in 2016.
"Kenya and Uganda will be key drivers of growth. Kenya will benefit from rapid expansion in banking and telecommunication services and investment in infrastructure, particularly railways. Uganda's growth will be supported by increasing activity in sectors such as construction, financial services, transport and telecommunications," says the report.
North and Southern Africa are expected to experience an acceleration in growth, from 1.6 percent and 2.9 percent in 2014 to 3.9 percent and 3.6 percent in 2015, respectively.
The enhanced growth prospects for North Africa are underpinned by improving political stability in Egypt and Tunisia.
In Southern Africa Men's Nike React Hyperdunk Flyknit Pale Grey Silver UK , although Angola, Mozambique and Zambia will continue to be the fastest-growing economies, the 2015 growth acceleration is expected to be mainly driven by more investment in the non-diamond sector in Botswana, a recovery in private consumption in South Africa, and increased investment in mining and natural gas exploration in Mozambique.
Central and West Africa are expected to experience a moderate increase in growth, from 4.3 percent and 5.9 percent in 2014 to 4. 7 percent and 6.2 percent in 2015, respectively Men's Patta X Nike Air Span II Team Red Brown UK , with increased political instability and terrorism in some of the countries in this region such as Mali, Nigeria, and the Central African Republic preventing a stronger expansion.
The Ebola outbreak and possible increased political instability in the run-up to elections in Nigeria constitute major downside risks for the outlook in West Africa.
Despite ongoing growth across the region, a number of internal and external risks may derail Africa's economic performance, according to the report.
A prolonged period of lower oil prices, a weakening in the developed economies, or a further slowdown in China's demand for commodities would negatively affect the continent's trade earnings.
Tighter global financial conditions in developed economies such as the U.S. may also result in the outflow of pri
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