Canada’s international trade deficit likely narrowed in March, says TD Economics

Apr 28, 2017 22:22 pm UTC| Commentary

Canadas international trade deficit is likely to have narrowed down in March. According to a TD Economics report, the trade deficit is expected to have narrowed to CAD 0.90 billion in March from Februarys deficit of CAD...

Canada’s employment growth to have slowed in April, jobless rate likely remained at 6.7 pct

Apr 28, 2017 20:04 pm UTC| Commentary

Canadas employment growth is likely to have decelerated in April. According to a TD Economics research report, employment is expected to have risen by just 10,000 in April, the weakest since November 2016. Hiring is...

U.K. economic growth likely to decelerate to 1.6 pct by end-2017 – Nordea Bank

Apr 28, 2017 19:55 pm UTC| Commentary

The economic growth of U.K. has performed better than anticipated after the Brexit vote last year, underpinned by the looser monetary and fiscal policy, solid global growth and a weaker British pound. However, the U.K....

Euro area inflation accelerates above expectations in April, likely to slow down in May

Apr 28, 2017 18:07 pm UTC| Commentary

Inflation in the euro area accelerated above consensus expectations in April. The headline inflation rose to 1.9 percent year-on-year from 1.5 percent recorded in the prior month. Consensus expectations were for the...

Central Banking Series

Central Bank of Russia surprisingly cuts key interest rate by 50 bps

Apr 28, 2017 17:55 pm UTC| Commentary Central Banks

The Central Bank of Russia surprisingly lowered its key interest rate today by 50 basis points. This was a real test of the central banks independence as there has been major pressure from authorities in Russia pushing for...

University of Michigan’s final consumer sentiment index revised down to 97 in April

Apr 28, 2017 17:36 pm UTC| Commentary

The final print of the University of Michigan index of consumer confidence was downwardly revised to 97 in April, as compared with the preliminary estimate of 98. Consensus expectations were for the index to stay the...

U.S. employment cost index rises above expectations in Q1 2017

Apr 28, 2017 16:57 pm UTC| Commentary

The U.S. employment cost index (ECI) was rose more than anticipated in the first quarter of 2017. The index was up 0.8 percent, coming in higher than the consensus expectations of 0.6 percent. However, it is in line with...