PayPal suspends its services in Russia over Ukraine war
In a letter addressed to the Ukrainian government, PayPal CEO Dan Schulman said the company was suspending its services in Russia.
Euro, European Stocks and Yields in Free Fall as WW III is Near
Russia invasion of Ukraine continued last week and risk aversion intensified sharply after Russia’s attempt to attack Zaporizhzhia nuclear power station. European stocks took a steep dive with benchmark yields. Oil prices surged to levels not seen in more than...
Weekly Economic & Financial Commentary: The U.S. Economy Had Solid Momentum Ahead of Russia’s Invasion
Summary United States: The U.S. Economy Had Solid Momentum Ahead of Russia’s Invasion February’s employment data showed the economy had strong momentum ahead of Russia’s invasion of Ukraine and amid the Fed’s shift to a more hawkish tone on monetary...
The Weekly Bottom Line: Canada – Rate Hikes Have Commenced
U.S. Highlights The labor market added 678k jobs in February, and the unemployment rate fell to 3.8% – the lowest reading since the pandemic began. Early indicators suggest that manufacturing and services sectors were out of sync in February, with...
Canadian Labour Market to Power Back from Omicron Blow
We expect Canada’s job market to have posted a strong comeback from the latest pandemic wave. We expect February’s job report will retrace three-quarters of the 200,000 jobs lost in January. High-contact hospitality sectors again took the brunt of the...
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