Insights
U.S. Consumer Price Index comes in as expected
The U.S. CPI came in at the high end of expectations, however, markets are unfazed by this data and are generally focused on what the big bank quarterly numbers will be. Wells Fargo posted its first quarterly loss since the Great Recession as the bank set aside $8.4 billion in loan loss reserves tied to […]
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By MoneyWay
Canada’s monthly although bad shows signs of life
Canada’s economy is crawling out of its deepest hole since the Great Depression, but the path will be long. Numbers released Tuesday show an unprecedented plunge in gross domestic product in April, the first full month of lockdowns to curb the Covid-19 pandemic. That’s worse than the previous record drop of 7.5% recorded in March. […]
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Investment in building construction April
Investment in building construction plunged 45.9% to $8.4 billion in April compared with the previous month. Previously, the largest national decline on record for the current series (which dates back to 2010) was a 3.9% decrease in August 2017. The number of exporting enterprises fell by 24.8% to 16,513 in April on a year-over-year basis, as the decline observed in recent months continued […]
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US unemployment claims still high,Canadian dollar weaker
U.S. equities traded lower on worse than expected unemployment claims, even though the number is still off from the earlier unemployment claims of 6.9 million, analysts believed that the economy was starting to turn for the better. Economists thought that this would be the turning point as many states are reopening giving the economy a […]
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Stronger than expected economic data gives life back to markets
A record retail sales number plus positive news on a coronavirus treatment gave markets reason to be very positive. The Dow Jones initially jumped over 500 points at the start however it has come back slightly. News out of China that Beijing will shut down all schools amid a resurgence in Covid-19 cases. The U.S. […]
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Stocks fall on new wave of Covid-19 cases
Is the second wave coming? Investors seem to think so, with the recent spikes in coronavirus cases as states reopen their economies, investors are now feeling the chills. It’s better to take the money and run while waiting out the next two weeks. Even as the employment figures are turning better in the U.S., the […]
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