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Global markets: New York construction spending up

By Commodity News Service Canada

WINNIPEG, October 25 – The following is a glance at the news moving markets globally.

NEW YORK CONSTRUCTION EXPECTED TO REACH FRESH HIGHS
Early projections for construction spending in New York touch levels not seen since the 80s.

Construction spending is forecast at US$43.1 billion, according to reports out of the country.

JAPAN TO CONTINUE ECONOMIC STIMULUS
Japanese officials say they will continue easing monetary policy in order to reach a two per cent inflation target.

CANADIAN ENTERPRISE EXPORTS UP IN 2014
In 2014, 43,530 enterprises exported goods from Canada, generating C$469.3 billion in sales. Compared with 2010, the number of exporting enterprises was up 7.2 per cent, while export sales grew 30.4 per cent, Statistics Canada said in a report on Tuesday.

Small and medium-sized enterprises (SMEs) accounted for 97.3 per cent of all exporting enterprises, and over 40 per cent of all export sales in 2014. In contrast, large enterprises accounted for 2.7 per cent of all exporting enterprises, but were responsible for nearly 60 per cent of the total value of export sales.

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