Canada’s economic growth potential is decelerating
May 04, 2015 15:38 pm UTC| Commentary
The Canadian economy is grappling with the big drop in oil prices, and the net impact will be a downshift in overall growth in 2015. Real GDP is likely to expand at a 1.8% clip, down from a 2.5% pace in 2014, as lower oil...
May 04, 2015 14:55 pm UTC| Commentary
This is going to be a very important week for the US dollar, 225k jobs are expected to be added in April with the data being released at 8.30 EST on Friday. After the March data which has the lowest job addition since Q4...
May 04, 2015 14:54 pm UTC| Commentary
The Canadian Dollar has been impacted by 3 important factors in recent times; Canadian economic outlook, strength of the US dollar Crude Oil Prices. All three will come into play this week to determine the near term trend...
May 04, 2015 14:54 pm UTC| Commentary
The election week is finally here and starts off with a holiday on Monday. General elections are scheduled on Thursday this week and this is expected to be one of the closest elections in the UK in a long time.As per...
May 04, 2015 14:53 pm UTC| Commentary
With the market closed in Europe, it was left to US data to determine the trend for the Euro in a market lacking liquidity. Weak US data sent the Euro higher on Friday to around 1.13 which level was last seen on Feb 26.The...
Brazil fiscal balance deteriorating at an alarming pace
May 04, 2015 14:44 pm UTC| Commentary
Brazil March fiscal release suggests that after posting fiscal deficits of -9.6% and -8.3% of GDP in Q3 and Q4 last year (-6.2% in 2014), Brazil likely posted a deficit of -9.0% in Q1. The bulk of the recent deterioration...
Norges Bank is likely to cut interest rates by 25bp in May
May 04, 2015 14:18 pm UTC| Commentary
Norges Bank will publish its interest rate decision May 7th at 10:00. The press conference starts 10:30.In March Norges Bank published a rate path that indicated that rates would be cut either in May or June with a 50%...