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...
Gold Price Analysis: Too Much Pressure
The Gold prices reached stability on Monday not far from $1,812 per troy ounce. The strong American currency still puts much pressure on the precious metal. Despite the significant market turbulence, demand for Gold as a “safe haven” asset is...
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...