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Day: July 19, 2021

It’s official: The Covid recession lasted just two months, the shortest in U.S. history

Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters The Covid-19 recession is in the books as one of the deepest — but also the shortest — in U.S. history, the official documenter of economic cycles said …

It’s official: The Covid recession lasted just two months, the shortest in U.S. historyRead More

WTI Oil Outlook: Oil Price Slumps after OPEC+ Agreed to Increase Production

WTI oil price collapsed on Monday after OPEC+ group eventually reached an agreement to boost output from August and cool oil prices that rose to the highest levels in nearly seven years. Strong bearish acceleration (the contract is on track for the biggest daily drop since Mar 23) sidelines bulls and opens way for deeper …

WTI Oil Outlook: Oil Price Slumps after OPEC+ Agreed to Increase ProductionRead More

Has the Canadian Dollar Already Reached its Peak for the Year?

The Insights In our view, yes. Recent developments suggest the six-year high of 83 US cents the loonie hit in early June was a high-water mark for 2021. The Bank of Canada was looking more hawkish than other central banks earlier this year. With the Federal Reserve now signaling it may raise rates sooner than …

Has the Canadian Dollar Already Reached its Peak for the Year?Read More