Insights
Iran announces deadline on exceeding stockpiles of low-grade uranium
Iran warned European nations on Monday that it would breach in 10 days the landmark 2015 nuclear agreement unless they take action to alleviate the pressure of tightening U.S. sanctions in the coming weeks. The announcement raises pressure on European nations who’ve urged Tehran to stick with a deal even after it was abandoned by […]
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US dollar strengthens on Mid-East tensions, oil doesn’t really move
While the U.S. dollar has strengthened against most currencies, Canada included, based on the increasing tensions between Iran the U.S., oil prices are relatively stable. The U.S. has become self-sufficient in oil production and no longer relies on foreign imports thereby keeping U.S. prices in check. Also, traders believe demand for oil continues to drop […]
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Middle East tensions rise, oil up but not a lot
Oil is up as attacks on two tankers in the Middle East just weeks after a previous incident in the region raised concerns over potential supply disruptions. Oil was up 4,5% but has since fallen back to up 2% on the day. The incident is stoking fears that diplomatic efforts won’t avert a military confrontation […]
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Currencies generally unchanged , oil down on inventory numbers
The USDCAD is unchanged even as oil prices have dropped slightly, markets are becoming more focused on what the Federal Reserve will do in the short term. Traders have been speculating on the possibility of the central bank cutting rates due to slowing inflation and rising trade tensions after Fed Chairman Jerome Powell signaled the […]
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Canadians becoming more and more less concerned about their debt levels
Delinquency rates in Canada continued to march higher in the first three months of 2019 as consumers piled on more debt, according to a new report from Equifax Canada. The report, released Tuesday, revealed the national 90-day non-mortgage delinquency rate rose 3.5 per cent to 1.12 per cent in the first quarter of this year, […]
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Canadian housing starts although lower better than expected
Housing starts declined but were slightly firmer than expected in May, at a seasonally adjusted annualized rate of 202,337 down 13.3 percent from April’s revised 233,410, which was the strongest level since June of last year. The 6-month moving average trend measure fell to 201,983 from 205,717 previously. The monthly headline decline was led by […]
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