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Tag: CAD

Reuters Poll Shows Loonie Rising But NAFTA a Question Mark

Canada’s dollar will rise over the coming year as the Bank of Canada hikes interest rates and higher oil prices become more supportive of the currency, a Reuters poll showed, but it will take a NAFTA trade pact deal to trigger more optimistic gains. The poll of more than 40 foreign exchange strategists predicted the […]

USD/CAD Canadian Dollar Lower after Flight to Safety from Investors

NAFTA Optimism not Lifting Loonie The Canadian dollar is lower on Thursday awaiting employment data to be released early on Friday. The diplomatic row between Canada and Saudi Arabia continues as both nations are standing their ground. Oil prices have halted their skid as concerns on Iranian supplies following the reactivation of the US sanctions […]

Kremlin Calls US Sanctions Illegal

The Kremlin on Thursday said a new batch of sanctions on Moscow announced by the United States was illegal under international law and that Russia’s financial system was stable. Washington said on Wednesday it was imposing fresh sanctions on Russia by the end of August after determining that Moscow had used a nerve agent against […]

Global Trade Likely to Slow Down in Q3 Says WTO

Lower export orders and car sales are likely to slow world trade growth in the third quarter, the WTO said, as a global tariff crusade by U.S. President Donald Trump to protect American jobs begins to bite. As the World Trade Organization’s head warned that global trade was threatened, its quarterly outlook indicator – a […]

Canada: New Housing Price Index, June 2018

New home prices increased in June, marking the first upward movement since November 2017. New Housing Price Index, monthly change Nationally, new house prices edged up 0.1% in June, largely due to rising construction costs across the country. The cost of softwood lumber, which is widely used in residential construction, has been on the rise. […]

U.S Producer Price Indexes – July 2018

The Producer Price Index for final demand was unchanged in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.3 percent in June and 0.5 percent in May. (See table A.) On an unadjusted basis, the final demand index increased 3.3 percent for the 12 months ended in July. […]

U.S unemployment insurance weekly claims

In the week ending August 4, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 6,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 218,000 to 219,000. The 4-week moving average was 214,250, a decrease of 500 from the previous week’s revised average. […]

Turkish lira loses another 3%

Thursday August 9: Five things the markets are talking about The geopolitical tension theme continues to dominate capital markets, now that China has responded to the U.S’s tariff onslaught with additional tariffs of its own. In currencies, the market is again focused on sterling (£1.2852) as it encroaches on its new 12-month low as politics […]

Saudi Arabia sells off Canadian assets, loonie falls

It’s being reported by FT that the Saudi’s are selling off Canadian assets in response to Ottawa’s criticism of the arrest of a female activist last week. Apparently, the Saudi central bank and state pension funds have been instructed to dispose of their Canadian equities, bonds and cash holdings. There is no Canadian dollar amount […]

Politics takes down the pound

Wednesday August 8: Five things the markets are talking about Trade concerns continue to hover over capital markets. Yesterday, the U.S indicated that it will begin imposing another +25% duties on an additional +$16B in Chinese imports beginning in a fortnight. On the first go around, China swore to retaliate, they have yet to give […]