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Year: 2022

Canadian Business Outlook Remains Elevated Heading into the Summer

Business optimism ticked lower but remained elevated in the second quarter of 2022, according to the Bank of Canada Business Outlook Survey (BOS). The BOS indicator, a statistical summary of survey results, remained elevated at 4.85 in 2022Q2, though down from 5.01 in 2021Q1. Businesses generally expect solid sales growth over the next twelve months. …

Canadian Business Outlook Remains Elevated Heading into the SummerRead More

Aussie Recovers ahead of RBA Rate Hike, Overall Trading Subdued

Australian Dollar recovers broadly today, following recovery in European markets. Meanwhile, traders are also preparing for tomorrow’s RBA rate hike. New Zealand Dollar is also mildly firmer. On other hand, Yen is turning softer with Swiss Franc and Dollar. Euro and Sterling are mixed for now. Overall, trading is subdued with US on holiday. Technically, …

Aussie Recovers ahead of RBA Rate Hike, Overall Trading SubduedRead More

Weekly Economic & Financial Commentary: U.S. Recession Is Likely, and Global Contagion Is Unavoidable

Summary United States: Running on Empty Consumers staying power is showing signs of running out as inflation persists and confidence moves sharply lower. While consumers still have the ability to rely on their balance sheets to support spending, it’s uncertain for how much longer they will continue to do so. Piling on the tough news …

Weekly Economic & Financial Commentary: U.S. Recession Is Likely, and Global Contagion Is UnavoidableRead More

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