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According to a recent Bloomberg survey of economists, it seems quite likely that Chinese government leaders will revise the economy's growth projections downward. It would be revised to 6.5% for 2016...
During his speech yesterday, Dennis Lockhart, President and CEO of the Atlanta Reserve, mentioned that a rate increase was entirely possible before the end of 2015. His comments, which are in line...
On Thursday the curtain finally rose on this keenly-anticipated decision. As predicted by most observers, the Fed made no changes to monetary policy, maintaining its key rate in the range of 0% to...
Alexis Tsipras won his elections for the second time this year. His party, Syriza, took in 35.5% of the votes against 28% for the closest challenger, the New Democracy. Syriza will therefore be able...
We’re about to experience turbulence… please fasten your seatbelts!The Fed’s eagerly awaited key rate decision at 2 p.m. today could definitely cause a fair bit of stirring on...
D-Day-1, the Fed begins its meetingEconomic indicators released yesterday provided little in the way of clear indications as to the health of the U.S. economy. August Retail Sales failed to meet...
Status quo for the Bank of CanadaThe Bank of Canada opted to hold steady on its key rate yesterday, as expected by most observers. Although the institution left the rate at 0.50%, it was acknowledged...
A looser yuan peg and subsequent devaluation of other currencies in the emerging world took the trade-weighted USD to levels not seen in a dozen years. The dollar rally, though already extended,...
Bank of Canada decision At 10 a.m. today, the BoC will announce its key rate decision. Although it is difficult to positively state that economic conditions have substantially improved in the...
The U.S. economy created 173,000 jobs in August, falling short of the 217,000 new jobs expected by the market. The number of full-time jobs in the U.S. now stands at over 122 million, an all-time...
Canadian job data for August released on Friday took on a particular significance, as it was the first major indicator since the country officially entered a recession. The report revealed that 12,000...
Wavering expectationsThe release of the Fed’s Beige Book yesterday has once again cast doubt on the organization’s willingness to deliver the highly anticipated key rate hike. The book...
Uncertain times in CanadaNot surprisingly, Statistics Canada confirmed that the country was in a technical recession yesterday, meaning that all is not totally doom and gloom, particularly the gains...
After two bleak months, energy prices have finally changed course. WTI, diesel and Brent crude varied by 15%, 14% and 17% respectively in U.S. dollars in the final two trading days of last week...
OPEC ready to negotiate on its own terms OPEC appears to have taken a page out of the playbook of central bank officials, who use their public statements to influence currency prices and interest...
It's back to school and work for many Canadians and the least you could say is that markets already have a head start. Crude oil turned in another solid performance on Friday, revisiting the $45 range...
Wall Street notched its biggest one-day gain in four years on Wednesday as investors set aside their fears about China to go bargain hunting for stocks. Bay Street followed suit, with the Canadian...