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 1.4% expectation. April’s release was revised up to 0.5% from 0.4%. Argentina is poised to miss a $539Mil bond payment… 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’s new president today signed a trade and economic pact with the European Union in the hope of opening up opportunities… 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 314K. Weekly claims have been hovering just above the 300K mark near cycle lows for the last four weeks. Russia’s… 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% to just 1.0%, far below the 2.4% expectation, putting the hope of a U.S. consumer recovery into question. U.S. Durable… 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 85.2, the best result since January 2008. The largest spike in confidence was on the Pacific side of the country… Read more

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