U.S. Q3 GDP revised higher on upbeat personal consumption, economy seen to remain modestly healthy

Dec 23, 2016 05:14 am UTC| Commentary Economy

The gross domestic product (GDP) of the United States was revised higher during the third quarter of this year, following upbeat performance in personal consumption, amid healthy growth in the countrys services sector as...

U.S. personal income remained unchanged in November, income growth likely to rebound in coming months

Dec 23, 2016 05:01 am UTC| Commentary

U.S. personal income stayed the same in November, coming in below the consumption expectations. Personal income came in at 0 percent, as compared with expectations of a 0.3 percent gain. Stripping inflation and taxes, real...

Canada’s inflation slows in November, BoC to remain biased towards easing if economic growth fails to improve

Dec 23, 2016 05:00 am UTC| Commentary

Canadas consumer price inflation decelerated in November from October. Consumer price index came in at 1.2 percent year-on-year, as compared with Octobers 1.5 percent year-on-year. Bank of Canadas all the three new...

U.S. initial jobless claims rise to 6-month high in December, raise doubts over Yellen’s hawkish tone

Dec 23, 2016 04:29 am UTC| Commentary Economy

Initial jobless claims in the United States rose to 6-month high during the period of December, raising doubts over the hawkish tone delivered by Federal Rserve Chair Janet Yellen in the latest monetary policy meeting held...

Asian markets marginally lower, gold flat at $1,130

Dec 23, 2016 04:20 am UTC| Commentary

All the major Asian indices were trading on a lower note on the last working day of the week. Japanese banks will be closed in observance of the Emperors Birthday. Gold and silver were trading in a narrow range in early...

U.S. durable goods orders fall in October, equipment investment likely to rise in remainder of 2016

Dec 23, 2016 03:53 am UTC| Commentary

U.S. core durable goods orders and shipments remained steady in October. Durable goods orders declined 4.6 percent in October, consistent with consensus expectations of a decline of 4.8 percent. Nondefense aircraft dropped...

Canada’s retail sales rise for third straight month in October, consumer spending to remain firm in Q4

Dec 23, 2016 03:52 am UTC| Commentary

Canadas retail sales rose for the third consecutive month in October. Retail sales recorded growth of 1.1 percent; however, in real terms, sales rose modestly by 0.6 percent. Increase in October was quite widespread. The...