Insights

Jul 24, 2020
U.S.-China tensions rise

The USD strengthened against most currencies as a safe haven currency, China has now demanded that the U.S. close its consulate in Chengdu. This was not unexpected, but analysts still took this as a negative sign. Oil prices dropped slightly falling below $41 USD a barrel while North American equities dropped on this news, traders […]

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By MoneyWay
Jul 23, 2020
Canadian dollar is stronger

The Canadian dollar is stronger as commodities are picking up. Oil is trading at $42 USD a barrel, gold is up $26 USD an ounce, while silver is trading around $23 USD an ounce, copper is close to $3.00 USD a pound, these are all recent highs, giving weight to the CAD. Also, Canada was […]

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By MoneyWay
Jul 22, 2020
Canada’s CPI better than expected

The Consumer Price Index (CPI) rose 0.7% on a year-over-year basis in June, up from a 0.4% decline in May. Excluding gasoline, the CPI rose 1.2%.On a seasonally adjusted monthly basis, the CPI increased 1.0% in June. Excluding food and energy, the seasonally adjusted CPI rose 0.2%. The year over year increase was the fastest since March 2011. Prices rose […]

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By MoneyWay
Jul 21, 2020
Canada’s retail sales come back in a big way

After March and April’s sharp declines, retail sales were up 18.7% in May to $41.8 billion. Motor vehicle and parts dealers led the growth, followed by an increase in sales in almost all other subsectors. Although sales increased in May, retail sales remain 20.0% below February levels. The sales growth was based on 77% of stores being open, […]

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By MoneyWay
Jul 20, 2020
U.S. stock markets are mixed, analysts waiting for earnings

This week has a plethora of earnings, IBM this afternoon, Coca Cola on Tuesday, Microsoft, Tesla, and Chipotle on Wednesday, plus others on Thursday and Friday. A potential coronavirus vaccine developed by Oxford University with pharmaceutical giant AstraZeneca has produced a promising immune response in a large, early-stage human trial, according to newly released data published […]

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By MoneyWay
Jul 16, 2020
Canadian dollar a bit weaker, oil prices moving sideways

Look like North American economies moving sideways, while some states are reopening, others are now contemplating closures particularly in the service industries. The Governor of New York said there was “significant evidence” restaurants in New York City were violating social distancing policies designed to contain the spread of Covid-19 and threatened to close establishments that […]

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By MoneyWay

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