Outlook for Canadian manufacturing sales continues to soften
Apr 15, 2015 17:00 pm UTC| Commentary
Canadian manufacturing sales fell again in Feb, declining 1.7%, following a downwardly revised contraction of 3.0% in January. The fall in sales was the result of declines in the volume of sales, as real manufacturing...
Q1 economic weakness was not enough to budge the Bank of Canada
Apr 15, 2015 16:52 pm UTC| Commentary
As was widely expected, the Bank of Canada kept the overnight rate on hold at 75 basis points today. To justify its stay the course position, the Bank cited that the downward pressure on inflation from sluggish economic...
US industrial production plummets in March
Apr 15, 2015 16:22 pm UTC| Commentary
Although the 0.6% m/m decline in March industrial production was mainly due to the unwinding of the weather distortion, which triggered a spike in utilities output in February, the weakness in the manufacturing sector...
Apr 15, 2015 16:10 pm UTC| Commentary
The dollar surrendered some of its overnight gains after a gauge of regional manufacturing unexpectedly contracted in April, offering proof of the strong bucks impact on the economy.The Empire State index printed at -1.19...
Apr 15, 2015 16:09 pm UTC| Commentary
Aussie dollar buyers today are awaking to a better market following news of further deceleration in the Chinese economy, a big buyer of Australian goods and resources.The worlds No. 2 economy slowed to an increase of 7.0...
Apr 15, 2015 16:09 pm UTC| Commentary
Sterling was steady on Wednesday, doing its best to consolidate a fall this week below $1.46, its weakest in five years. A focus on the ECB helped diminish the spotlight on the pound and all of its election related...
Economic pain in the euro zone will remain intense for a long while yet
Apr 15, 2015 15:28 pm UTC| Commentary
Just like at the previous press conference in early March, ECB President Draghi highlighted the effectiveness of the bond purchases. He said that lending had improved, that market based inflation expectations had increased...
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