Author: Admin

July sales: +1.3%mth (market +0.3%), 16.5%yr. Rate hikes, sentiment slump yet to impact. The ABS preliminary estimates of official retail sales showed a much stronger than expected 1.3% gain in July. That compares to a subdued 0.2% rise in June...

Powell ultimately didn’t say anything new, so this week’s price action is likely to shift from a focus on Fedspeak to underlying economic data… Well, that was an ugly end to an otherwise quiet week for risk assets! Equity and...

U.S. Highlights Fed Chair Jay Powell’s hawkish remarks at the annual Jackson Hole conference did not sit well with equity markets. The second estimate of Q2 GDP data showed that the economy contracted slightly less, and that GDP grew modestly....

Summary United States: Economy Still Climbing the Mountain The second estimate of Q2 real GDP posted a 0.6% quarterly decline, slightly better than the first-reported 0.7% drop. New home sales fell 12.6% in July, reflecting the ongoing downshift in housing...

Canadian GDP likely rose in the second quarter—but the trend is unlikely to last. We expect annualized growth jumped to 4.5% from the 3.1% reported in Q1. Spending on services (particularly in the travel and hospitality sectors) surged higher following...