USD/CAD might proceed to exhibit a bearish conduct because it extends the collection of decrease highs & lows from earlier this month. SOURCE: DailyFX – Forex Market News – Read whole story here.
Talking Points: – Today brings a Bank of Canada price choice with a really professional probability of one other hike after the BoC’s transfer in July, which was their first price hike in seven years. Our own David Song previewed the event earlier this morning. – CAD-strength has been raging since May, with USD/CAD down […]
Bruce Berkowitz‘s funding agency Fairholme Capital has filed an amended 13D relating to shares of Sears Canada (SRSC). Per the submitting, Berkowitz now owns 18.7% of SRSC with simply over 19 million shares. This is a lower of over 2.39 million shares because the finish of July when Fairholme reported proudly owning over 21.43 million […]
Canada’s merchandise commerce stability with the world posted a $three.6 billion deficit in June, widening from a $1.four billion deficit in May. Exports fell four.three% to $46.5 billion in June. This sharp lower was primarily on account of decrease exports of unwrought gold and power merchandise. Imports edged up zero.three% to $50.1 billion, led by […]
The Canadian greenback is ending the week as the best-performing foreign money whereas the Japanese yen and the Australian greenback vie for the worst-performer title. In the week forward the Bank of Canada is extensively anticipated to ship a quarter-point fee hike after indicators of elevated financial progress.SOURCE: Commodities feed – Read complete story here.
The Consumer Price Index (CPI) rose 1.three% on a year-over-year foundation in May, following a 1.6% achieve in April. Overall, power costs rose much less yr over yr in May than they did in April, with the year-over-year progress fee in gasoline costs slowing to half of what it was the earlier month. Declines in […]
The United States Department of Commerce imposed on Monday a 20% import tax on softwood lumber from Canada. The measure is the newest indication of mounting financial tensions between the U.S. and its…SOURCE: 24/7 Wall St. – Read whole story here.
Here’s a take a look at how Canada’s financial system modified because the final Bank of Canada assembly. Definitely extra weak spot than power which suggests BoC might be extra dovish SOURCE: Kathy Lien & Boris Schlossberg – Read whole story here.