The unemployment labyrinth may have killed this musician’s dream
The Going Jessies. Derek Wood (center), Angela Paradis (right) and James Breeding (left) Photo: Derek Wood Derek Wood was about to achieve a lifelong dream. Unemployment benefits may prove to be his foil. Wood, 49, a guitar player and songwriter...
Here’s what Nio’s first sedan to rival Tesla in China looks like
William Li, founder and chairman of Nio, shares features of the et7 sedan at a launch event in Chengdu, China, on Jan. 9, 2021. Evelyn Cheng | CNBC BEIJING — Chinese electric car start-up Nio released its first sedan on...
Dollar Relatively Resilient in Strong Risk-on Market, Setting the Base for a Rebound?
Global investors were all in risk seeking mode in the first full week of 2021. That came despite all the headlines of surges in coronavirus infection and death, return to strict lockdowns, chaos in Washington and Joe Biden’s certification as...
Weekly Economic and Financial Commentary: Slow Start to 2021
U.S. Review Slow Start to 2021 The manufacturing sector is showing a great deal of resilience, with the ISM Manufacturing survey exceeding expectations, at 60.7, and factory orders remaining strong. The service sector is also showing a great deal of...
The Weekly Bottom Line: A Turbulent Start To A Hopeful Year
U.S. Highlights Unprecedented events rocked the U.S. Capitol this week. Ultimately, Congress certified Joe Biden as the next President and President Trump agreed to a peaceful transition of power. The Democrats took control of the Senate by prevailing in both...
Forward Guidance: Virus Resurgence Will Temper Optimism Among Canadian Businesses
We look for the Bank of Canada’s quarterly Business Outlook Survey (BOS) to reiterate that the near-term economic background remains challenging albeit more for some businesses than others. The survey was likely collected from mid-November to mid-December as virus containment...
Week Ahead: Coronavirus Daily Cases and Bond Yields Both Moving Higher!
Headlines galore! The UK is back in lockdown as the coronavirus has overtaken the country and the word “variant” is now in everyone’s vocabulary. Democrats in the US now control the Senate with their victories in Georgia. President Trump attended...
US NFP Not So Bad; Canadian Employment Change Even Better: USD/CAD
The US Non-Farm Payrolls reports showed that the US economy lost 140,000 jobs during the month of December vs an expectation of +71,000. However, the revision to the November print was +336,000, and increase of 91,000. Because of the revision,...
Week Ahead – An Extraordinary Start to the Year
Attention slowly shifting from US politics What an extraordinary start to the year. While next week should be much quieter, it won’t be without action. US politics is unlikely to go quiet with talk continuing of possible impeachment proceedings against...
Deutsche Bank to pay $125 million to settle U.S. probes into overseas bribes, trading practices
Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of...