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 the second largest contributor of growth during the month. U.S. Unemployment Claims came in at 302K slightly better than the… 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 significantly better result was due to a surge in Inventories and Fixed Investments, both of which added over 2.5% to… 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 a seasonally adjusted 9.3%, down from the 10.8% result in April and the lowest print since April 2013. Analysts had… 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 following are important releases to watch for: Tuesday – U.S. Consumer Confidence, Wednesday – U.S. ADP Non-Farm Employment Change, U.S…. 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 computers and electronics posted gains. U.S. Secretary of State John Kerry pressed Israeli regional leaders to nail down a Gaza… Read more

Back to Top