Residential investment likely to boost Canada’s real GDP growth in H1 but may become a drag later
Mar 09, 2016 05:39 am UTC| Commentary
Canadas housing starts recovered in February, rising to 213k annualized, more than expectations and Januarys 165k. The six month moving average remained near the 200k mark. Growth of 46% m/m in urban multi-family starts...
Asian markets in red, Gold hovers around $1250
Mar 09, 2016 03:35 am UTC| Commentary
All Asian markets are trading on a lower note on Wednesday. In addition, Japanese Yen was firm against US dollar and was trading around 112.50. On the other side, gold fails to break major resistance at $1278 and was...
Corn falls for first time in 6 sessions ahead of USDA report
Mar 09, 2016 01:43 am UTC| Commentary
The most active corn futures fell 0.42 percent to $3.59 a bushel, having gained 0.42 percent in the previous session. U.S. Department of Agriculture to report latest supply and demand report on Wednesday. Traders...
BoC likely to have a closer look at the government's 2016 budget plan
Mar 08, 2016 17:04 pm UTC| Commentary
The Bank of Canada (BoC) holds its next policy meeting on 9 March and is largely expected to hold rates unchanged at 0.5%. Comments from the BoC at the January meeting suggested that the BoC is expecting a fiscal boost...
Carney confident UK can achieve inflation target regardless of being in or out of EU
Mar 08, 2016 16:34 pm UTC| Commentary
Bank of England (BOE) governor Carney declined to offer full analysis of Brexit issue, and said that nothing that the bank said should be interpreted as a recommendation on EU membership. Carney said Pound could fall and...
Mar 08, 2016 15:43 pm UTC| Commentary
Energy pack is down in todays trading. Weekly performance at a glance in chart table. Oil (WTI) - WTI is down today after solid rise in past few weeks. Further rise is likely. Todays range $38.4-36.75 WTI is...
SNB’s loss unlikely to unlikely to affect the central bank's ability to conduct monetary policy
Mar 08, 2016 15:32 pm UTC| Commentary
The Swiss National Bank on Friday last week announced its largest-ever loss in 2015, confirming preliminary figures released in Jan. Data showed that the SNB lost 23.3 bln francs ($23.4 bln) last year, with losses on...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects