The Bank of Canada downgrades its outlook for economic growth in Canada, but leaves interest rates unchanged

Oct 21, 2015 15:38 pm UTC| Commentary Central Banks

The Bank of Canada left its key policy rate unchanged at 0.50% today. The Bank judges the current level of the overnight rate to be appropriate, but maintained a cautious tone in its outlook, acknowledging global risks and...

Mexico's August retail sales show buoyant consumer demand

Oct 21, 2015 15:26 pm UTC| Commentary

Mexicos retail sales increased 1.5% m/m sa in August as a result of strong sales in hardware, apparel and supermarket sales, partially compensated by declines in domestic equipment, paper and entertainment and food sales....

Russia posts week GDP growth in Q3

Oct 21, 2015 12:19 pm UTC| Commentary

The outlook for Russias growth looks sober both from a demand and supply perspective. According to a preliminary estimate carried out by the Ministry of Economics and Development, GDP contracted by 4.3% yoy in Q3 15, or...

Russia's headline labour market data detracts from bleaker reality

Oct 21, 2015 11:30 am UTC| Commentary

The unemployment rate of Russia came out at a yearly low of 5.2%, suggesting hiring was more intensive in September due a slight pick-up in production. The following situations in the economy are observed by Societe...

Russia's consumer demand remains soft spot

Oct 21, 2015 11:12 am UTC| Commentary Economy

In keeping with the baseline assumption, the lower spending on durable consumer goods in Russia declined further in September (-10.9% yoy vs. -8.3% yoy in August). However, its effect on retail sales was far stronger...

Palladium ETFs record further considerable outflows

Oct 21, 2015 09:12 am UTC| Commentary

Palladium price was up in golds slipstream yesterday, despite further outflows from their respective ETFs. Ever since the pronounced inflow into the palladium ETFs tracked by Bloomberg in early October, their holdings have...

Australia's wheat production likely dropped by 15% in August

Oct 21, 2015 09:07 am UTC| Commentary

In its October forecasts, the US Department of Agriculture (USDA) had unexpectedly revised its estimate for the Australian wheat crop up by 1 million tons to 27 million tons, an increase of 14% as compared with the 2014/15...