July 31, 2014

    Canadian GDP Beats Expectations

    By / July 31, 2014

    Canadian GDP rose in May to a four month high 0.4% beating the 0.3% growth estimate as car makers ramped up production. Manufacturing increased 0.8% led by a 13 percent surge in motor vehicle production, the fastest rise in car output since January 2011. Wholesalers recorded a 1.2% output increase in May, making the sector… Read more

    U.S. Advance GDP surges well above estimates

    By / July 30, 2014

    North American equity markets and the U.S. dollar are on the rise following better than expected U.S. Gross Domestic Product results. U.S. Advance GDP rose by a seasonally adjusted rate of 4.0% well above the consensus estimate of 3.1%, the largest increase since January 2010 following a decline of -2.9% in the first quarter. The… Read more

    U.S. Consumer Confidence spikes to a seven year high

    By / July 29, 2014

    U.S. CB Consumer Confidence surged to 90.9 a high not seem since October 2007 and a third consecutive monthly increase. Strong job growth helped boost consumer’s assessment of current conditions, while brighter short-term outlooks for the economy and jobs drove the gain in expectations. U.S. S&P/Case-Shiller Composite-20 house price index fell more-than-expected in May to… Read more

    U.S. Pending Home Sales Decline in June

    By / July 28, 2014

    U.S. Pending Home Sales plunged in June falling 1.1% the expectation was calling for a decline of 0.2%, a sign residential real estate is struggling. The decline is blamed on limited availability of credit and sluggish wage growth making it more difficult for prospective buyers. This is a busy week for economic data releases, the… Read more

    U.S. Durable Goods Orders rebound in June

    By / July 25, 2014

    U.S. Durable Goods Orders made a comeback in June, new factory orders for durables rebounded 0.7% following a decline of 1.0% in May. Transportation made a partial comeback rebounding 0.6% after falling 2.6% in May, the latest increase was from defense aircraft and nondefense aircraft. Motor vehicles declined. Outside of transportation, primary metals, machinery and… Read more

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