According to a Statistics Canada report released on Wednesday, Canada’s merchandise trade surplus with the rest of the world fell from C$1.2 billion in January to C$0.42 billion in February. This result was worse than what the market had anticipated, which was a surplus of C$1.8 billion. “Exports were down …
Read More »Inflation in Canada fell more than anticipated in February.
According to Statistics Canada statistics released on Tuesday, Canada’s annual inflation rate decreased more than anticipated in February as lower gas prices and slower housing cost growth helped down the consumer price index to its lowest point since January 2022. Inflation fell from 5.9% in January to 5.2% in February, …
Read More »Market Drivers – US Session 03/03/2023
The US dollar declined on Friday and dropped for the week. The Dollar Index remained in negative territory as a result of encouraging news from China and falling US yields. American stocks experienced weekly gains following February’s significant losses. After good performance in February, the dollar experienced its first weekly …
Read More »Anti-OPEC Trend Could Shock Oil Markets
As early as the beginning of 2022, the-then Italian PM Mario Draghi suggested a dangerous idea that large oil buyers could form a new club or sort of forum together and challenge OPEC+. The idea did not take further steps into reality because one obvious problem could not be ignored, …
Read More »As India takes the lead, Canada joins the crypto race
Canada’s crypto adoption rose to 8%, with more than 2.6 million investors currently. In the 2022 budget, a government’s plan to launch a financial sector legislative review was announced.Quebec’s energy supplier, Hydro-Quebec, proposed cutting electricity off for blockchain operations. India also is leading crypto adoption on a global scale, but …
Read More »Canada: Annual CPI eases to 6.9% in September
As measured by the Consumer Price Index (CPI), inflation in Canada fell to 6.9% in September from 7.0% in August, data published by Statistics Canada showed this Wednesday. This reading is slightly better than the market expectation of 6.8%. The Bank of Canada’s (BOC) Core CPI, which excludes volatile food …
Read More »US: Private sector employment rises by 208,000 in September
The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 208,000 in September. This reading followed August’s increase of 185,000 (revised from 132,000) and came in slightly better than the market expectation of 200,000.
Read More »Germany Staring In Critical Winter’s Face
German chancellor visits Canada in pursuit of for alternatives to Russian natural gas. Chancellor Olaf Scholz plans to sign hydrogen supply chains deal as pressure mounts over looming winter crisis. The German chancellor describes his visit as an urgent mission to extract Germany from its dependence on Russian gas and …
Read More »Annual CPI declines to 7.6% in July
As measured by the Consumer Price Index (CPI), inflation in Canada declined to 7.6% yearly in July from 8.1% in June, the data published by Statistics Canada revealed on Tuesday. This print came in line with the market expectation. The Bank of Canada’s (BOC) Core CPI, which excludes volatile food …
Read More »Canada’s consumer expenditures surged in May
Data released in Canada on Friday has showed that retail sales rose 2.2% in May surpassing expectations of a 1.6% gain. Analysts at the National Bank of Canada point out sales were pushed up at gasoline stations and motor vehicle/parts dealers. They consider a strong labor market will compensate higher …
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