Financial Market Brief 21 October 2016
On October 01, 2015 Hurricane Joaquin dealt the Bahamas a devastating blow affecting over 5,000 persons on the islands of Acklins, Cat Island, Crooked Island, Exuma, Inagua, Long Cay, Long Island, Mayaguana, Rum Cay, Ragged Island, Samana Cay and San Salvador. Just over one year later, on October 6, 2016, Hurricane Matthew hammered the islands of North Andros, New Providence, Grand Bahama and Bimini with damaging winds, heavy rain and storm surge flooding. Notwithstanding the massive damages to private and public properties, the Bahamas is fortunate not to have suffered loss of life as a result of this deadly storm. Hurricane Matthew has long passed and the rebuilding efforts have already begun. From preliminary reports, the rebuilding phase is expected to be long, tedious and expensive. The people of The Bahamas are a resilient people, and though broken and interrupted by the devastation of Hurricane Matthew, we are confident that this great country will rebound and emerge from this stronger and wiser. Weekly_Market_Recap_23_September_2016 Click here for full Weekly Market Recap

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