BoC Survey Highlights Energy Shock
Conditions were softening before COVID-19 concerns intensified Mid-March follow-up shows growing impact on consumer-oriented businesses Energy firms think current shock worse than 2008 and 2015 The Bank of Canada’s latest Business Outlook Survey (BOS) would have been severely out of...
Oil Voliatility Remians As OPEC + Meeting Cancelled
The price of crude oil declined by more than 12% as optimism of a deal with Saudi Arabia faded. This came after an important virtual meeting between oil producing countries that was to happen today was postponed. The main challenge...
Weekly Economic and Financial Commentary: An Unprecedented Time
U.S. Review An Unprecedented Time Data this week began to show just how large the coronavirusrelated impact on the economy will be. Efforts to contain the virus are leading to millions of job losses and it’s likely only a matter...
The Weekly Bottom Line: In the Eye of the Storm
U.S. Highlights U.S. stock markets recorded their worst performance since the financial crisis in the first quarter, with the S&P 500 and the Dow Jones falling 20% and 23%, respectively. Confirmed coronavirus cases now stand in excess of one million...
Forward Guidance: Jobs and Survey Data to Provide an Early Recession Snapshot
Next week brings some of the most current data on how Canada performed in the early days of the coronavirus crisis. The week kicks off with the latest edition of the Bank of Canada’s quarterly Business Outlook Survey. The BOS...
Week Ahead: Crude Oil Returns to Focus
While the coronavirus continues to infect at an alarming rate, a new focus has emerged which is also helping steer the markets: Crude Oil. Theoretical tweets by US President Trump regarding oil supply cutbacks forced Saudi Arabia to show its...
Is this a Light at the End of the Stock Tunnel or Just a Flashlight?
Stock prices are making a V turn after experiencing the sharpest downfall since financial crisis and bargain hunters are looking for the right time to buy. Hopefully, there are reasons to believe that the positive trend could continue, though on...
After Foray into QE, RBA to Stand Pat at April Meeting
The Reserve Bank of Australia was one of the few central banks among advanced economies that was not dragged into the world of quantitative easing (QE) during the 2008 financial crisis. But having already been bruised by the US-China trade...
Euro-Zone’s Producer Price Index Dropped At A Fastest Pace In February
For the 24 hours to 23:00 GMT, the EUR declined 0.92% against the USD and closed at 1.0850. On the macro front, Euro-zone’s producer price index dropped 1.3% on a yearly basis in February, more than market anticipations for a...
NFP Preview: Stale Jobs Figures Could Mask the Full Brunt of COVID-19’s Disruption
Usually in this introduction, we explain that the Non-farm Payrolls report is significant because of how it impacts monetary policy. Under normal circumstances, the Federal Reserve is the “transmission mechanism” between U.S. economic reports and market prices, so any discussion...
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