The Weekly Bottom Line: Holding the Helm in Stormy Waters
U.S. Highlights The economy is fighting stormy undercurrents caused by the Delta variant, but we are confident that it will stay the course. The job market will take longer to recover, but demand for workers should remain strong. Businesses remain...
Forward Guidance: Inflation Data to Take Centre Stage
Inflation reports will steal the spotlight next week, with annual Canadian price growth expected to climb to 4% in August compared to a year ago—the fastest pace since 2003. But much of that rise is from very low levels last...
Dollar Rebounded as DOW’s Selloff Posts a Warning to Risk Sentiment
Dollar ended as the strongest one last week, with some held from the late selloff in US stocks. Yen was the second strongest on risk aversion while Swiss Franc was not too far away. Commodity currencies, on the other hand,...