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Canada Annual Inflation Stays Close to 5-Year High

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

Canada's annual inflation rate remained close to the highest in five years in September as gasoline prices kept surging and food prices rose.

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Canada will avoid recession, but slowing inflation creating

posted by twilight 1310 days ago in CAD, Fundamental, GDP made popular 1310 days ago

Yet another report Friday predicted Canada will avoid a recession as the global economy gears down, but the latest statistics showing falling inflation could also affect consumer behaviour and put further brakes on economic growth.

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Canada Consumer Price Inflation Edges Down in September

posted by twilight 1310 days ago in CAD, Fundamental, Daily made popular 1310 days ago

Total consumer prices in Canada rose 3.4% Y/Y in September - a slight improvement from the 3.5% pace of growth seen in August. Despite the ongoing slide in commodity prices during the month, food and energy prices were still the key drivers of in

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Euro Heads for Weekly Decline as Crisis Spreads Through Euro

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

The euro headed for its biggest weekly decline against the yen since the common European currency's debut in 1999 on speculation the global credit crisis is spreading through the region.

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Euro-Zone Manufacturing and Services Contract,Stoking Growth

posted by twilight 1311 days ago in EUR, Fundamental made popular 1311 days ago

German October manufacturing PMI dropped to 43.3 from 47.4 in the previous month. The breakdown showed the output reading down at just 42.5, after an already weak 46.1 in September. The reading for new orders dropped to 39.3, the lowest since the

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Canada in Good Position to Weather Financial Crisis

posted by twilight 1311 days ago in CAD, Fundamental made popular 1311 days ago

Canada is in a better position than other countries to weather the global economic crisis, and while the U.S. and global economies are expected to fall into recession, Canada's economy is not, Bank of Canada Governor Mark Carney says.

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Euro Zone’s current account deficit widened above expectatio

posted by twilight 1311 days ago in EUR, Fundamental made popular 1311 days ago

Euro Zone’s deficit in goods and services trade with the rest of the world has increased well above expectations in August, on net outflows of both portfolio and direct investment showed net outflows, according to figures by the European Central

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OPEC to Cut Production at Friday Meeting

posted by twilight 1311 days ago in Special, Oil made popular 1311 days ago

OPEC’s emergency meeting is scheduled for Friday. Over the past 3 months, oil prices have fallen more than 50 percent! I think that it is worthwhile to revisit an oil chart that I posted earlier this week. Although they are expected to reduce pro

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Bank of Canada sees sluggish growth until 2010

posted by twilight 1311 days ago in CAD, Fundamental made popular 1311 days ago

Canada's economic performance is expected to be sluggish through the first quarter of next year, the country's central bank said Thursday.

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Canadian Dollar Catches Commodity Bounce

posted by twilight 1311 days ago in CAD made popular 1311 days ago

The Canadian dollar remains slightly lower today but has pared most of its losses after falling more than a cent earlier in the session. The rebound comes alongside a bounce in commodities, equities and Treasury yields.

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Canada's economy still better than U.S.: StatsCan

posted by twilight 1311 days ago in CAD made popular 1311 days ago

Canada's economy remains in better shape than the U.S. economy in a variety of areas, and recent indicators suggest the gap between the two has been widening, according to a Statistics Canada analysis Thursday.

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French Consumer Spending Stronger Than Expected in September

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

Consumer spending in France showed some unexpected strength in September as it rebounded 0.6% in the period from August to September, the National Institute for Statistics and Economic Studies (INSEE) said on Thursday.

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