Economic Report

Baker Hughes has reported that for the current week ending on 24 September, the US rotary rig count increased by nine to 521 rigs.The Canadian rig count is now up by 91 rigs compared to the same week a year ago.The overall rig count is now up by 260 rigs …

Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a COVID-19 pandemic-fueled temporary buying frenzy.Sales increased in August even as sales of existing homes fell. It could be a sign that buyers are turning to newly constructed …

The US dollar retreated Thursday, September 23rd from its highest level in a month, which is reached after the US Federal Reserve paved the way for raising interest rates next year, and improving sentiment in global markets encouraged dealers to sell the dollar. The Fed also signaled a tendency to …

The Bank of England will hold a monetary policy meeting and will announce its decision on Thursday, September 23rd; markets are widely expecting the central bank to keep the key rate unchanged at 0.1%. The Bank of England expanded its Asset Purchase Facility to £875 billion between March and November …

The dollar rose in early European trading on Wednesday, but moves were set before the conclusion of a crucial Federal Reserve meeting later in the session. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.255, away from Tuesday’s high of …

The Paris-based Organization of Economic Cooperation and Development said, Tuesday, that the U.S. economy is losing drive on its path to recovery from the coronavirus pandemic.OECD forecast that gross domestic product would grow 6% in 2021, down nearly 1 percentage point from last May. The OECD previously predicted GDP would …

The Bank of Japan (BoJ) will announce its policy decision on Wednesday, September 23 at 05:00 GMT. here are the expectations forecast by three major banks. SocGen “Given that the fifth wave of the coronavirus has begun to be contained, we expect that the BoJ will maintain its current main …

On Monday, Canadians head to the polls to choose between the Liberals led by Prime Minister Justin Trudeau and the Conservative Party led by Erin O’Toole. Direct voting between the two parties is volatile. Still, a repeat of 2019 is likely when the Liberals lost the parliamentary majority and the …

Wall Street US stocks closed significantly lower in a broad sell-off Friday, September 17, at the end of a week a busy week with economic data, fears of an increase in corporate taxes, the mutated delta strain of the Coronavirus, and possible shifts in the schedule for the US Federal …

Baker Hughes, Friday, reported that the number of active U.S. drilling oil rigs rose by eight at 373 this week. The report signals a second successive weekly rise as last week, the oil rig count rose by six so, the total active U.S. rig count, including rigs drilling for natural …