Global Political Uncertainty in Driving Seat The US dollar is trading lower on Friday after the consumer price index (CPI) and the preferred inflation metric the core CPI came slightly under expectations. Fed speakers had been divided in their comments leading up to the release. Doves thought it was a mistake to keep raising rates […]
The Canadian dollar depreciated on Thursday due to a report by the International Energy Agency that dampened the energy market’s optimism on demand growth. The IEA numbers put demand for Organization of the Petroleum Exporting Countries (OPEC) crude would be at around 32.5 million barrels which is 150,000 barrels below current production levels. The OPEC […]
Japanese Deputy Prime Minister Taro Aso and U.S. Vice President Mike Pence are likely to be at odds next week over U.S. calls to launch negotiations for a bilateral free trade agreement, Japanese government officials said Wednesday. A second round of the high-level economic dialogue, slated for Monday in Washington, comes as the United States […]
Gold prices ticked down as producer inflation pressures in the U.S. met expectations for September. Producer Price Index (PPI) rose 0.4% last month following an increase of 0.2% in August, the U.S. Labor Department said on Thursday. According to consensus forecasts, economists were expecting to an increase of 0.4%. The annual PPI advanced to 2.6% […]
The dollar recovered on Thursday, having hit its lowest in more than two weeks as U.S. central bankers showed they were taking a more guarded view of inflation, helped by a steep fall in the British pound. Asian stocks climbed to their highest in a decade, powering global shares to another record high and keeping […]
The number of Americans filing for unemployment benefits fell to more than a one-month low last week as claims in Texas and Florida continued to decline after being boosted by Hurricanes Harvey and Irma. Initial claims for state unemployment benefits decreased 15,000 to a seasonally adjusted 243,000 for the week ended Oct. 7, the lowest […]
Canadian new home prices rose less than expected in August as prices were unchanged in a number of markets, including the cities of Toronto and Vancouver, which have been the country’s hottest regions, Statistics Canada said on Thursday. The 0.1 percent increase in national prices from the previous month was shy of forecasts for a […]
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The Canadian Dollar rose against the US dollar on Tuesday after markets in the two countries came back from holidays. The loonie got a boost from higher oil prices after the Organization of the Petroleum Exporting Countries (OPEC) continues to signal a willingness to extend its production cut agreement with other major producers and plans […]
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Gold and silver prices are solidly higher and have hit two-week highs in early U.S. trading Tuesday. Gold bulls are once again knocking on the door of the key $1,300 level. Heightened geopolitical tensions early this week have boosted these two metals. Also, short-covering in the futures markets by weak-handed bears is further lifting gold […]
The Canadian dollar strengthened against its U.S. counterpart on Tuesday as oil rose and the greenback lost ground against a basket of major currencies. At 9:16 a.m. ET (1316 GMT), the Canadian dollar CAD=D4 was trading at C$1.2496 to the greenback, or 80.03 U.S. cents, up 0.4 percent. The currency’s weakest level of the session […]