Insights

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
Jul 15, 2020
Bank of Canada leaves rates unchanged

The Bank of Canada left interest rates alone, new governor Tiff Macklem said “As the economy moves from reopening to recuperation, it will continue to require extraordinary monetary policy support. The Governing Council will hold the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2% inflation target […]

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By MoneyWay
Jul 14, 2020
U.S. Consumer Price Index comes in as expected

The U.S. CPI came in at the high end of expectations, however, markets are unfazed by this data and are generally focused on what the big bank quarterly numbers will be. Wells Fargo posted its first quarterly loss since the Great Recession as the bank set aside $8.4 billion in loan loss reserves tied to […]

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By MoneyWay
Jun 30, 2020
Canada’s monthly although bad shows signs of life

Canada’s economy is crawling out of its deepest hole since the Great Depression, but the path will be long. Numbers released Tuesday show an unprecedented plunge in gross domestic product in April, the first full month of lockdowns to curb the Covid-19 pandemic. That’s worse than the previous record drop of 7.5% recorded in March. […]

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By MoneyWay
Jun 22, 2020
Investment in building construction April

Investment in building construction plunged 45.9% to $8.4 billion in April compared with the previous month. Previously, the largest national decline on record for the current series (which dates back to 2010) was a 3.9% decrease in August 2017. The number of exporting enterprises fell by 24.8% to 16,513 in April on a year-over-year basis, as the decline observed in recent months continued […]

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By MoneyWay
Jun 18, 2020
US unemployment claims still high,Canadian dollar weaker

U.S. equities traded lower on worse than expected unemployment claims, even though the number is still off from the earlier unemployment claims of 6.9 million, analysts believed that the economy was starting to turn for the better. Economists thought that this would be the turning point as many states are reopening giving the economy a […]

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By MoneyWay

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