July 31, 2013

    US Q2 GDP Rises, USD Gains Strength

    By / July 31, 2013

    Good morning, The US dollar has gained nearly 50 basis points this morning following better than expected US GDP and ADP non-farm employment change. The US Federal Reserve is not expected to maintain policy the same; however, the improving labour market has given the Fed more reason to look at cutting stimulus by reducing QE…. Read more

    US Housing Market Shows Broad Improvement

    By / July 30, 2013

    Good morning, Markets are quiet this morning with investors sitting on their hands until tomorrow’s FOMC meeting as well as the Canadian and US Q2 GDP releases. The Case/Shiller housing price index rose less than expected in May, 12.2% vs. 12.4%. Dallas and Denver led the way, rising to record levels, while each of the… Read more

    Markets Quiet Ahead of a Very Busy Newsweek

    By / July 29, 2013

    Good morning, The Hudson’s Bay Company has announced its intent to buy Saks in a friendly deal for US$2.9B. The deal will help HBC compete in the growing luxury market in Canada, which has been dominated by Holt Renfrew and attracted Nordstrom’s out of the US. Half of the companies in Europe who have already… Read more

    Markets Risk-Off Though CAD Remains Stable

    By / July 26, 2013

    Good morning, The Japanese Yen has gained nearly 1% while the Nikkei is down 3% after comments from the Finance Minister indicating they are reviewing whether or not to raise the 5% sales tax. Inflation in Japan has risen to the highest level since 2008 as the weak Yen pushes import costs of food and… Read more

    Markets Drop on Weak Fundamentals

    By / July 25, 2013

    Good morning, Markets are trending lower this morning on mixed economic data; the Canadian dollar has regained 30 basis points overnight, though remains within a narrow 50 point trading range over the past 48hrs. Dismal US durable goods orders have been masked again by a surge in aircraft orders from Boeing, boosting orders 4.2% in… Read more

Back to Top