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The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the October policy meeting as expected. More importantly, the BoC decided to end its weekly purchases of the government of Canada bonds, the quantitative easing program. The policy statement revealed that the …

There were 290,000 initial claims for unemployment benefits in the US during the week ending October 16, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous print of 296,000 (revised from 293,000) and came in better than the market expectation of …

Goldman Sachs announced its third-quarter results that were better than analysts’ expectations, as investment banking revenues rose by 90%. Goldman Sachs’ results beat expectations during the third quarter, with earnings per share of $14.93 versus expectations of $10.18 per share, according to Refinitiv. Revenue also beat expectations, reaching $13.6 billion …

US retail sales unexpectedly rose in September, but there are concerns that supply restrictions could negatively affect the holiday shopping season amid persistent shortages of cars and other goods. Retail Sales in the US rose by 0.7% on a monthly basis to $625.4 billion in September, the data published by …

There were 293,000 initial claims for unemployment benefits in the US during the week ending October 9, the data published by the US Department of Labor (DOL) showed on Thursday. This reading followed the previous print of 329,000 (revised from 326,000) and came in better than the market expectation of …

Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 5.4% on a yearly basis in September from 5.3% in August, the US Bureau of Labor Statistics figures showed on Wednesday. This reading came in line with analysts’ expectations. The CPI edged higher to 0.4% from …

The Turkish lira fell to a new record low above nine lira to the dollar on Tuesday, October 12th, affected by uncertainty about political pressures to cut interest rates further and the dollar’s rise in general. The price of the lira recorded its record level, which it reached last night …

Nonfarm Payrolls (NFP) in the US rose by 194,000 in September, the data published by the US Bureau of Labor Statistics showed on Friday. This reading missed the market expectation of 500,000 by a wide margin. On a positive note, August’s print of 235,000 got revised higher to 366,000. the …

There were 326,000 initial claims for unemployment benefits in the US during the week ending October 2, the data published by the US Department of Labor (DOL) revealed on Thursday. experts’ estimates agreed that US unemployment claims are expected to reach 348,000, and these numbers are positive. Yesterday, the ADP …

Employment in the US’ private sector rose by 568,000 in September, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. This reading came in stronger than the market expectation for an increase of 428,000. Meanwhile, August’s print got revised down to 340,000 from 374,000.