June 30, 2014

    Canadian GDP falls short in April

    By / June 30, 2014

    Canadian economic growth stalled in April rising only 0.1% matching the previous month. Forecasts were calling for a 0.2% increase in GDP, wholesale and retail activity contributed a small amount of growth, while mining and construction output weakened. U.S. Pending Home Sales surged in May to a one year high 6.1% significantly better than the… Read more

    Canadian Raw Materials Price Index Declines

    By / June 27, 2014

    Canadian Raw Materials Price Index a leading indicator of consumer inflation declined in May coming in at -0.4%, well below the expected 1.3% gain. RMPI measures the change in the price of raw materials purchased by manufactures, the decrease last month was a result of a drop in prices of live animals and rubber. Ukraine‚Äôs… Read more

    U.S. Personal Income and Spending Miss

    By / June 26, 2014

    U.S. Personal Spending rose 0.2% in May following no gain in April however fell short of the 0.4% expected increase. Personal Income also rose less than expected coming in at 0.4% forecasts were calling for a 0.5% increase. U.S. Initial Jobless Claims came in slightly better than expected this morning at 312K, the forecast was… Read more

    U.S. Final Q1 GDP Plunges

    By / June 25, 2014

    U.S. Final GDP for Q1 came in shockingly low this morning well below worst estimates printing at -2.9%, the GDP data was expected to be poor but forecasts estimated a release of -1.8%. The largest decline in U.S. GDP in five years was due to an unexpected crash in personal consumption expenditures falling from 3.1%… Read more

    U.S. New Home Sales Surge

    By / June 24, 2014

    U.S. New Home Sales rose in May to the highest level in 6 years coming in at 504K significantly beating the 442K forecast, providing the strongest signal yet that housing is recovering from a recent slowdown due to harsh winter weather. U.S. CB Consumer Confidence beat the 83.6 expectation coming to print this morning at… Read more

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