Insights
Markets turning upbeat on further potential Chinese economic stimulus
Equities advanced on signs that China may be planning further measures to stimulate its economy as it reels from a virus-induced slowdown and after U.S. data pointed to solid growth. Investors appear relatively confident in the ability of policy makers to contain fallout from the deadly coronavirus, even after Apple Inc. scared markets earlier this […]
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Canadian dollar slightly better, oil prices rose
Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown. U.S. West Texas Intermediate (WTI) CLc1 rose 66 cents, or 1.3%, to $52.08 a barrel. It […]
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China rejigs coronavirus numbers upwards, U.S, government losing faith in how China reports.
World health officials are scrambling to determine just how widespread the new coronavirus is as Chinese authorities reported a surge in new cases overnight after changing how it counts confirmed infections. The U.S. centre for Disease Control and Prevention has confirmed its 15th case, a recent evacuee from Wuhan who was quarantined at the Joint […]
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Equities are ignoring coronavirus impacts, moving higher
Stocks rose on Wednesday as investors tried to shake off concerns over how the coronavirus would impact corporate profits and the global economy. China’s health authority reported 97 new deaths caused by the coronavirus and 2,015 newly confirmed cases of infection, taking its totals to 1,113 and 44,653 respectively. As of Tuesday, 744 recovered patients […]
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Housing starts reach four-month high
Canadian builders began 2020 with a strong rebound in housing starts that is good news for the nation’s increasingly tight real estate markets. The 213.k number was higher than expected, analysts were calling for 205K new starts. Statistics Canada also reported that building permits rose 7.4 per cent in December, more than double the 2.8 per cent […]
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Federal Reserve on Friday announced that it’s now monitoring the coronavirus as a potential threat to U.S. growth, equities weaker
The Federal Reserve on Friday announced that it’s now monitoring the coronavirus as a potential threat to U.S. growth. The central bank wrote that “possible spillovers from the effects of the coronavirus in China have presented a new risk to the outlook.” Though recent reports have suggested steadier economic growth in Europe and China, the […]
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