Canadian Labour Markets Back on Track in June
June saw 31.8k net jobs added to the Canadian economy. The unemployment rate rose to 6.0% as a surge of Canadians joined the labour force. However, the details were somewhat mixed. Part-time employment led the rise (+22.7k), but full-time work...
Canada’s Goods Trade Deficit Widens to $2.8 Billion May
Canada’s goods trade deficit widened to a larger-than-expected $2.8bn in May from a slightly revised $1.90bn in April (previously $1.86bn). Exports were flat during the month, weighed on by shipments of motor vehicles and parts as well as metal ores...
How Have Major Currencies Fared So Far in 2018, and What Lies ahead?
Following the completion of the second quarter of the year, the dollar is standing higher against most of its major peers, drawing support from a more hawkish Fed and a US economy firing on all cylinders. Below, we outline how...
FOMC Minutes Show a Fed Likely to Stay the Course on Quarterly Rate Hikes
The Federal Open Market Committee (FOMC)’s minutes from their June meeting showed little change in participants’ views of the economic outlook, even as they expressed some concern over the potential impact of tariffs on business investment. Participants expressed increased confidence...
Canadian Dollar Steady ahead of FOMC Minutes, US Job Data Disapppoints
The Canadian dollar has inched lower in Thursday trading. Currently, USD/CAD is trading at 1.3123, down 0.17% on the day. On the release front, employment data is in the spotlight. ADP nonfarm payrolls ticked lower, coming in at 177 thousand....
DAX Boosted by Car Makers on Talk of Tariff Deal
The DAX index has posted strong gains in the Thursday session. Currently, the DAX is at 12,505, up 1.58% on the day. On the release front, German Factory Orders jumped 2.6%, crushing the estimate of 1.1%. Eurozone Retail PMI ticked...
Japanese Yen Steady in Holiday-Thin Trade
The Japanese yen has ticked lower in the Wednesday session. In North American trade, USD/JPY is trading at 110.50, down 0.08% on the day. U.S banks and stock markets are closed for the Fourth of July and there are no...
Dollar Eyes Fed Minutes ahead of Jobs Report and Tariffs
The Fed will release the minutes from its June policy meeting on Thursday, at 1800 GMT. Not only did policymakers raise interest rates for a second time this year at that gathering, they also revised higher their rate-path projections to...
Canadian Dollar Quiet, Investors Eye FOMC Minutes
The Canadian dollar is unchanged in Wednesday trading. Currently, USD/CAD is trading at 1.3147, up 0.06% on the day. On the release front, there are no Canadian or U.S events. Markets in the U.S are closed for the Fourth of...
Investors Look to Safe Havens as Trade Worries Linger
Here are the latest developments in global markets: FOREX: With US markets being closed for Independence Day and trade risks discouraging investors from buying the dollar ahead of a deadline on Friday, when US import tariffs on $34 billion Chinese...
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