Investing.com - Financial Markets Worldwide

North American Data In Review

ByThe National Bank of Canada
Published 12/07/2015, 12:02 PM
Updated 05/14/2017, 06:45 AM
  • The most destabilizing news of the week was that the ECB decided to keep its key interest rate unchanged at 0.05% and maintain its quantitative easing program at €60 billion per month.
  • The release of job data in the United States confirmed that the economy is very robust and leaves the doors wide open for the FOMC to normalize the federal funds rate at its upcoming meeting on December 16.
  • The news in Canada painted a slightly less optimistic picture due to the loss of 36k jobs, a -0.5% decrease of September’s GDP and a widening of the trade balance.
  • To no-one’s surprise, the Executive board of the IMF announced that China’s currency will be included in its basket of reserve currencies, effective October 1, 2016.

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