The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) declined in January to 54.4 from 57.9 in December, data showed on Monday. However, Canadian manufacturing businesses witnessed a solid expansion in business conditions, especially in the goods-producing sector. Production volumes increased solidly in January, extending the current …

The President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Friday that he expects enthusiastic debates inside the United States Federal Reserve about the time when they will begin reducing the current pace of monetary easing policies. Kaplan did not offer his assumption on when could that …

Oil prices rose on, extending their monthly gains in the first month of the year, on the back of hopes for a recovery in the global demand for crude and amid some global supply disruptions. Brent crude futures for March delivery gained 35 cents, or 0.6%, to close at $55.88 …

Gold prices rose on Friday, limiting their monthly losses during January, amid a fluctuating performance by the U.S. Dollar (USD) and concerns about the rollout of Coronavirus vaccines. This marked the first gains for the yellow metal most active contracts in seven sessions, after six consecutive declines. Gold futures for …

The number of active oil and natural gas rigs increased this week for the tenth consecutive week, according to the weekly report by Baker Hughes. This marked the biggest number of increases in a row for the rig count since June 2018. In addition, January marked the sixth consecutive monthly …

Bitcoin surged on Friday, after Billionaire and business tycoon Elon Musk added a hashtag with the name of the world’s largest cryptocurrency to his Twitter bio. The digital currency is currently up by around 9% at $35,377, but earlier today, it rose by as much as 20% after the move …

European stocks closed Friday lower, due to reduced risk sentiment among investors due to the recent correction wave that followed some unusual surges on retail stocks due to speculations. In addition, concerns about the rollout of Coronavirus vaccines deepened the European market losses this week. The STOXX Europe 600 index …

Consumer Sentiment in the United States declined marginally in January, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index registered 79.0 in January 2021, down from 80.7 in December. In addition, the index remain below its level in January 2020 at 99.8, prior to the Coronavirus …

The Chicago Purchasing Managers’ Index (PMI), or the Chicago Business Barometer, rose by 5.1 points to 63.8 in January, according to data by ISM-Chicago and MNI on Friday. This is the highest reading for the index since July 2018. Surveyed business had various responses to the question, “How is the …

The United States Pending Home Sales Index declined by 0.3% in December to 125.5, data by the the National Association of Realtors (NAR) showed on Friday. This is the fourth consecutive monthly decline for the index. On an annual basis, pending home sales rose by 21.4% last month. Meanwhile, existing …