Insights
Narrow range on Canadian dollar, likely to that way till Tuesday
As Canada’s election day looms, the Canadian dollar has started to trade in a narrow range and won’t change much until after the results are out. Indications are that the two main parties to close to call a clear winner and the likely hood of a coalition is very high. By looking at the U.S. […]
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By MoneyWay
Buy on rumour, sell on news, Brexit
European Union leaders gave their unanimous backing to a Brexit deal with Britain on Thursday, putting the onus on Prime Minister Boris Johnson to secure the British parliament’s approval for the deal in a vote in two days’ time. British and EU negotiators reached the agreement after successive days of late-night talks and nearly three […]
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Markets take positive tones, Brexit talks looking good, China-U.S. trade talks still viable
Wall Street gained 1% on Tuesday as strong earnings from JPMorgan, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on corporate America. Meanwhile, European shares climbed to a two-week high on Tuesday, as markets cheered comments from the European Union’s chief Brexit negotiator that a deal with […]
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Surprisingly strong September employment data, better Canadian dollar
Canadian employment was surprisingly strong in September, adding 53,700 jobs to pull down the unemployment rate by 0.2 percentage points to 5.5 percent, just a tick above May’s record low. In contrast to August, the monthly jobs gain was led by full time positions, which surged by 70,000, partly offset by a decrease of 16,300 […]
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U.S. and China trade negotiations sour, leaving analysts unsure of what ‘s to come
U.S. and Chinese deputy trade negotiators were due to meet in Washington for a second day of talks on Tuesday, laying the groundwork for the first minister-level meetings in over two months later this week. A report from the South China Morning Post said China had tamped down expectations ahead of the talks scheduled for […]
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Oil moves higher on trade talk outcomes, CAD a bit better
U.S. equity indexes edged higher as traders weighed the outlook for a trade deal between China and the Trump administration. European stocks gained with oil. The Toronto housing market continued to rebound in September, with prices rising the most in 21 months, bringing the cost of a typical home close to the record high set […]
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