Canadian Firms Remain Cautiously Optimistic
Canadian businesses’ spending intentions remained solid at the close of the year, as captured by the Bank of Canada’s quarterly Business Outlook Survey (BOS). The ‘BOS Indicator’ summary measure fell slightly, to 2.2 (from 2.8), but is still elevated by...
Canadian October Retail Sales Inch Higher
Highlights: Retail sales increased 0.3% in nominal terms in October, but in part boosted by the incorporation of Cannabis sales post October 17th legalization. Overall sale volumes were flat in the month. E-commerce sales (which likely contain significant Cannabis sales...
Canadian October GDP Rebounds
Highlights: Canadian October GDP rose a stronger-than-expected 0.3% which more than reversed the disappointing 0.1% decline in September. The increase was helped by solid gains in manufacturing (0.7%), wholesale trade (1.0%) and oil and gas extraction (3.6%). The Canada Post...
Week Ahead – Markets to Enter Christmas Lull; Risk of Volatility in Thin Trade
As the holiday period begins, markets will go into quiet mode for the next two weeks with little on the economic agenda to keep traders at their desks. However, with the market sentiment being stuck in risk-off mood, there is...
FOMC and President Trump Exacerbate Volatility
The past week has again seen policy makers return to centre stage as 2018’s schedule of central bank meetings concluded, and the Australian government released its mid-year update. Beginning with the domestic scene, the mid-year Federal budget update highlighted the...
Investors Sprint to Safety ahead of Christmas Break
The pain felt across global equity markets intensified today as growing fears of a U.S. government shutdown crippled risk sentiment. It has been a remarkably terrible trading week for financial markets amid concerns over rising U.S. interest rates, decelerating global...
Canadian Dollar Steady ahead of US, Canadian GDPReports
USD/CAD has gained over 1 percent this week and continues to post gains on Friday. Currently, the pair is trading at 1.3535, up 0.21% on the day. Earlier in the day, the pair touched a high of 1.3541, its highest...
S&P 500: So Much For A Santa Rally!
The last few months have been hard on stock market bulls, to put it lightly. Only three short months ago, the S&P 500 was trading up by 10% on the year, on track for its 10th straight positive year on...
Markets Trend Every Which Way But Up
Markets trend every which way but up. Its been another frightening session for investors across a multitude of asset classes with some issues coming to a head as markets deal with year-end dwindling liquidity. US bond yields are falling the...
Canadian Dollar Higher, Investors Eye US Jobless Claims
USD/CAD is down slightly in the Thursday session. Currently, the pair is trading at 1.3470, down 0.07% on the day. On the release front, Canadian Wholesale Sales are expected to post a gain of 0.4% after two straight declines. Canada...
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