Insights
Trump doesn’t deliver economic speech markets wanted, equities drifting sideways
There was disappointment from President Trump’s address to the Economic Club of New York yesterday; a speech that analysts felt he didn’t deliver the “constructive statement on China” that traders were expecting. Meanwhile Trump’s impeachment inquiry goes public on Capitol Hill. The U.S. dollar was stable on Wednesday after consumer prices in October rose more than […]
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Canada’s unemployment rate comes in as expected, employment not so good
Canadian employment was weaker than expected in October, shedding 1,800 jobs after very strong growth in the prior two months. The unemployment rate remained unchanged at 5.5 percent, however, just a tick above May’s record low and beating expectations calling for a marginal uptick. The modest monthly drop was driven by declines of 23,100 jobs […]
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China announces it has agreed with U.S. to roll back tariffs
Stocks rallied to record highs on Thursday after China said the world’s two largest economies had agreed to remove existing trade tariffs, lifting expectations around a possible resolution to the ongoing U.S.-China trade war. Gao Feng, a ministry spokesperson for China’s Commerce Ministry, said that both sides had agreed to simultaneously cancel some existing tariffs on […]
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Lower Ivey PMI and lower crude leaves Canadian dollar a bit weaker
The unadjusted Ivey PMI fell 4.0 points in September to 51.8, the lowest reading since July and down 12.8 points year-on-year. Seasonally adjusted, the PMI fell further into contraction by 0.5 points to 48.2, the weakest level since June 2015. Among the survey’s other measures of economic activity, employment fell 2.4 points on a seasonally […]
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Canada’s trade deficit adds to economic concerns
Canada’s trade deficit narrowed by less-than-expected in September as the nation’s exports continued to decline, adding to concerns that trade tensions and uncertainty around global growth are weighing on business. The nation’s merchandise trade gap hit C$978 million ($744 million) in September, from a revised C$1.2 billion deficit in August, Statistics Canada said Tuesday in […]
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Canada’s monthly GDP less than forecast
Canada’s economy grew slower than forecast in August after a lull in the prior month, reinforcing the view the nation’s economy is showing signs of decelerating into the second half of the year. Output grew 0.1 per cent in August, missing economist expectations of a 0.2 per cent gain, Statistics Canada said Thursday in Ottawa. The […]
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