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Recessions inevitable

posted by milkyway 1308 days ago in CAD, Fundamental, GDP made popular 1308 days ago

It will be tales of two shrinking economies this week, here and in the U.S., with analysts warning it won't be pretty whether viewed from north or south of the border.

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Immigrants are needed for the Canadian economy

posted by milkyway 1309 days ago in CAD, Fundamental made popular 1307 days ago

Canada may be multicultural, but it looks like even more immigrants are needed to keep the economy running
smoothly.

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Our economy 'safe'

posted by milkyway 1310 days ago in CAD, Fundamental, Special made popular 1307 days ago

The United States may be sucking the global economy into recession, but Canada's economic strengths will keep us on safe ground, the Bank of Canada says.

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Analysts Expect Canadian Inflation Will Continue to Fall

posted by milkyway 1310 days ago in CAD, Fundamental, Inflation made popular 1307 days ago

Canada's annual inflation rate inched down in September and analysts expect to see it continue to fall further as the year winds down.
Statistics Canada reported Friday that the consumer price index increased at an annual rate of 3.4% in Septemb

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Flash Comment - Euroland: ECB to ease faster and more

posted by milkyway 1310 days ago in EUR, Special, Inflation made popular 1307 days ago

We have changed our projection for the ECB. We are now looking for the ECB to lower the leading rates by 50 bp in November 2008 and by a further 25 bp in each of January, March and June 2009.

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Forex Brokers German Import Prices Fall 1.0% From August

posted by milkyway 1310 days ago in EUR, Fundamental made popular 1307 days ago

German import prices continued to decline in September, falling 1.0% compared to August's levels, according to the Federal Statistical Office (Destatis). Economists had expected a 0.8% decline in import prices, unchanged from August's monthly fal

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Flash PMI at All-time Low

posted by milkyway 1310 days ago in EUR, Fundamental, Daily made popular 1310 days ago

Flash PMI for Euroland declined unexpectedly sharply in October and is now at an all-time low. Composite PMI is now signalling close to -0.25% growth q/q (-1.0% annualised). Euroland is not just facing a technical recession; what we are looking a

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Canada's Inflation Rate Dips to 3.4% in September

posted by milkyway 1310 days ago in CAD, Fundamental, Inflation made popular 1307 days ago

Canada's inflation rate edged down to 3.4% in September, despite sharply higher prices for food and gasoline, Statistics Canada reported Friday.

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Eurozone manufacturing and services activity plunged

posted by milkyway 1310 days ago in EUR, Technical, Manufacturing made popular 1310 days ago

The Markit Flash Eurozone Composite Output Index, measuring manufacturing and services activity and based on around 85% of normal monthly survey replies, sank to a new record low in October, signalling the steepest monthly reduction in private se

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Drilling Down Toward an Oil Bottom?

posted by milkyway 1311 days ago in Special, Oil made popular 1307 days ago

I’ll admit I never thought oil would drop this low and I find myself wondering when it’s going to hit bottom. I pulled up this 10yr monthly chart to put everything in perspective and what I found is that it could drop another 6-7 points, and stil

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Euro Zone Industrial New Orders Unexpectedly Fall 1.2%

posted by milkyway 1311 days ago in EUR, Manufacturing made popular 1307 days ago

Euro zone industrial new orders failed to grow as expected and slipped 1.2% from July to August, Eurostat said in a report published on Thursday. Economists had only expected a slowdown in the orders' growth rate to 0.5% after coming in at 2.0% i

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Industrial new orders down in euro area in August

posted by milkyway 1311 days ago in EUR made popular 1307 days ago

The 15-nation euro zone saw a drop of industrial new orders in August compared with July, official figures released here Thursday showed.

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