Insights
Markets taking a breather, little movement either way
Markets are waiting to see if there is any further fallout between China and the U.S. on their trade talks. China announced that it hopes to “meet the U.S. halfway” on trade issues, the foreign ministry spokesperson said on Thursday. The statement came after China said it will have to take the necessary counter-measures to […]
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By MoneyWay
Volatility is the word of the day
Stocks surged higher in a sudden move after the U.S. said it was delaying China tariffs until December on items including cellphones and some clothing. The U.S. also removed some items from the list of new tariffs outright. President Donald Trump said Tuesday he delayed the tariffs ahead of the Christmas season to avoid potential […]
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Canadian dollar slightly weaker, equities moving lower
U.S. stocks slipped on Monday as political tensions around the world and fears that a prolonged U.S.-China trade war would push the global economy into recession sapped risk appetite. Protests in Hong Kong that crippled one of the busiest airports of the world and defeat of President Mauricio Macri during primary elections in Argentina bolstered […]
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Oil prices continue to fall, Canadian dollar goes along for the ride
Oil plunged, re-entering bear-market territory, as a surprise increase in American fuel stockpiles fueled worries about a growing glut, feeding into an increasingly dismal economic view. Futures in New York fell as much as 5.18% on Wednesday to the lowest in almost two months after an unexpected increase in U.S. inventories. Crude was also swept […]
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Fed removes wind from the sails on further interest rate cuts
The U.S. dollar climbed on Thursday after the Federal Reserve cut rates a day earlier but cautioned it was not necessarily the start of a cycle of monetary loosening, sending the euro to a 26-month low and the British pound to a 30-month low. In a widely expected move, the U.S. central bank cut rates […]
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FOMC decision today, fait acompli on a 0.25% drop in rates
The Candian economy expanded 0.2 percent in May, slowing from the previous month’s 0.3 percent growth rate but beating the consensus forecast by a tick. Output from goods producing industries rose 0.6 percent while services rose 0.1 percent. The monthly growth was led by manufacturing, which expanded 1.2 percent, with output increasing in 13 of […]
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