May 08, 2015 16:27 pm UTC| Commentary
Bigger than expected job losses north of the border weighed modestly on the loonie. Canada shed 19,700 workers in April which was about four times more than the expected loss of 5,000. Unemployment remained 6.8 percent...
May 08, 2015 16:27 pm UTC| Commentary
The Aussie dollar held firm and within pennies of three-month highs against its U.S. counterpart after a quarterly message from the Reserve Bank of Australia was mum on whether the bank was done cutting interest rates.The...
May 08, 2015 16:26 pm UTC| Commentary
A surprisingly decisive and expeditious election victory for British Prime Minister David Cameron helped take away a layer of uncertainty and weakness for the pound which responded by soaring more than 1 percent to 10-week...
Sept Fed hike still on the cards, but strong activity data needed
May 08, 2015 16:06 pm UTC| Commentary
The April employment report was broadly in line with Street expectations. Total payrolls increased by 223k and the unemployment rate dropped by 0.1% to 5.4%, both in line with the consensus forecast."The cumulative...
New Finnish coalition’s austerity to drag on growth
May 08, 2015 15:34 pm UTC| Commentary
The new coalition government is likely to impose significant budget cuts that would drag on Finlands already ailing economy. This austerity is likely to act as a drag on growth. Although the parties disagreed in the run-up...
Bank of Canada and the markets likely to look beyond today's jobs data
May 08, 2015 14:28 pm UTC| Commentary
There were few major surprises in Canadas jobs data in April, which is a bit unfortunate in this case. Canadian employment fell by 19,700 in April following the 28,700 gain the prior month, with the Target layoffs...
U.S. employment data not strong enough to alter expectations about the timing and pace of Fed hike
May 08, 2015 14:16 pm UTC| Commentary
U.S. nonfarm payrolls rebounded in April, rising 223k, broadly in line with consensus (228k) expectations. However, there were net downward revisions of 39k to the previous months of payrolls, bringing estimated payroll...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects