Australian bonds slump following weakness in US Treasuries after U.S. Senate nods for budget blueprint

Oct 23, 2017 02:53 am UTC| Commentary Economy

Australian government bonds plungedMondayfollowing weakness in the U.S. Treasuries as investors reduced bond holdings on worries about more inflation and federal borrowing after the U.S. Senate passed a budget...

U.S. existing home sales rise sequentially in September

Oct 20, 2017 20:34 pm UTC| Commentary

Existing home sales in the U.S. rose sequentially in September by 0.7 percent to 5.39 million, as compared to the consensus expectations of a slight moderation of 5.30 million. The rebound was mainly due to sales of...

Canadian retail sales volume drops slightly in August

Oct 20, 2017 20:01 pm UTC| Commentary

Canadas retail sales dropped a bit in August, falling 0.3 percent sequentially. Removing the impact of prices, the performance was weaker, as volumes dropped 0.7 percent. In spite of strong sales growth among motor vehicle...

Canadian headline inflation accelerates in September

Oct 20, 2017 19:33 pm UTC| Commentary

Canadas headline inflation accelerated in September to 1.6 percent year-on-year from Augusts 1.4 percent, coming in slightly below consensus expectations of 1.7 percent. On a sequential basis, the consumer price inflation...

Bank of Canada likely to hike key interest rate by 25 bps in December

Oct 20, 2017 18:15 pm UTC| Commentary

The Bank of Canada is likely to raise its key interest rate by 25 basis points in December and twice more next year around April and October, noted Scotiabank in a research report. The risk is tilted towards later than...

U.S. trade and currency account deficits likely to continue to expand, says Scotiabank

Oct 20, 2017 17:19 pm UTC| Commentary

U.S. merchandise exports have recorded their greatest annual gains in half a decade, underpinned by a significant rebound in commodity exports and renewed strength in manufacturers. Increased prices of oil and minerals...

Australian headline inflation likely to have accelerated in Q3 on sharp rises in electricity, gas prices

Oct 20, 2017 16:28 pm UTC| Commentary

The Australian headline inflation figure for the third quarter is expected to be dominated by the effect of the sharp rises in residential electricity and gas prices that came into effect via most of the country on 1...