Insights

Jul 27, 2020
Mixed messages by markets

Gold prices reached recent record highs while North American equities also moved higher. Gold moved higher on two fronts, one, China-U.S. tensions continue to grow and two, the Covid-19 virus numbers look like there is no end in sight and nobody knows exactly how the economy look near term after Covid-19. Both of these have […]

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By MoneyWay
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

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