CANADIAN PRIME MINISTER - NOT SEE MUCH EVIDENCE CANADA WILL HAVE RECESSION OR CRISIS THIS YEAR The material has been provided by Instaforex Company - instaforex.com

CANADA PM - EXPECTS SLOW BUT STEADY GROWTH OF THE CANADIAN ECONOMY, WILL STICK TO PLANS TO CUT SPENDING The material has been provided by Instaforex Company - instaforex.com

News

• There is no need for further easing  said Fed's Bullard as US economy is not facing any deflationary risk like 2010
• He said that economic data has been surprisingly better than expected
• He also said that economy appear to gain momentum

Quotes

"The economic news and economic data, including today's data, has been surprising to the upside,"

 "I need to see significant deterioration in the economy and some threat of deflation or inflation moving significantly below our inflation target before I would consider more"

James Bullard, St. Louis Federal Reserve President  

The material has been provided by Instaforex Company - instaforex.com

FED'S BULLARD - UNLIKE IN 2010, U.S. IS NOT NOW FACING A RISK OF A BROAD DECLINE IN PRICES The material has been provided by Instaforex Company - instaforex.com

FED'S BULLARD - U.S. ECONOMIC DATA HAS BEEN SURPRISING TO UPSIDE, APPEARS ECONOMY HAS MOMENTUM The material has been provided by Instaforex Company - instaforex.com

FED'S BULLARD - WOULDN'T CONSIDER FURTHER QUANTITATIVE EASING ABSENT SIGNIFICANT DETERIORATION IN ECONOMY, THREAT OF DEFLATION The material has been provided by Instaforex Company - instaforex.com

News

• US crude oil today gained $1.48 to $97.84/brl as better than expected US job data boosted growth hopes for global economy
• Also contributed was Israel war rhetoric on Iranian nuclear program and retaliation threat from  Iran's supreme leader

The material has been provided by Instaforex Company - instaforex.com

CANAD'S HARPER - RIM IS STRONG CANADIAN COMPANY, AND WE WANT TO SEE THAT COMPANY SUCCEED AND CONTINUE TO GROW AS A CANADIAN COMPANY The material has been provided by Instaforex Company - instaforex.com

The British pound traded further higher against its Japanese counterpart in New York afternoon deals on Friday. The sterling is presently trading near a fresh multi-day high of 121.22 versus the yen, compared to yesterday's closing value of 120.50.

The material has been provided by Instaforex Company - instaforex.com

News

• Argentina has announced cut in annual tax breaks granted to Oil companies
• Companies affcted by this decision includes  Panamerican Energy , Bridas; YPF,  Spain's Repsol,  China's Sinopec; and Brazil's Petrobras
• Main reason for the move is improving fiscal conditions in wake of european debt crisis.

The material has been provided by Instaforex Company - instaforex.com