US Q2 growth was marked up significantly

Aug 27, 2015 22:01 pm UTC| Commentary

It is pretty dated by now but it is worth noting that the better Q2 (now 3.7% vs. the first cut of 2.3%) was the result of widespread improvement. Our US economists point out that the Fed is going to have to raise their...

Japan's unemployment rate to remain unchanged at 3.4% in July

Aug 27, 2015 21:33 pm UTC| Commentary

Japanese unemployment rate is expected to remain unchanged at 3.4% in July. The number of job seekers that dropped out of the labour force increased in March and April, and these jobseekers returned to the labour force in...

US GDP rose 3.7% annualized in the second quarter

Aug 27, 2015 21:15 pm UTC| Commentary

US real GDP increased by an annualized 3.7% in the second quarter of 2015 according to the second estimate, up strongly from the 2.3% reading published with the advance estimate. Moreover, the performance was well above...

Emerging Market growth remains sluggish

Aug 27, 2015 20:47 pm UTC| Commentary

EM growth remains sluggish, and is still running 50-60bp below potential. Chinas devaluation of the CNY added uncertainty to a picture already complicated by impending Fed hikes. Weaker EM currencies will likely...

Canadian small business confidence falls again in August

Aug 27, 2015 17:52 pm UTC| Commentary

The CFIB business barometer dropped again in August, giving up around 2 points to reach 56.7, the lowest reading so far this year. This brings the indexs losses to 7 points year-to-date, and indicates that a growing number...

Canadian corporate profits bounce back in Q2

Aug 27, 2015 17:44 pm UTC| Commentary

Corporate profits unexpectedly rebounded in Q2, rising 12.9% (q/q) after a decline of 10.6% in Q1. However, after falling in the prior two quarters, profits are still 3.8% lower than they were a year ago. Nonetheless,...

August US employment report: Steady as she goes

Aug 27, 2015 16:38 pm UTC| Commentary

For the August employment report, scheduled for release on Friday, September 4, nonfarm payrolls is set to rise by 225k. Within this, private payrolls is expected to print at 220k and government employment to have expanded...