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Canada's Inflation Remains High at 3.4%;

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

Canada's all-items inflation rose 0.1% in September, sending the year-over-year rate down slightly to 3.4% from 3.5% in August. The Bank of Canada's core measure, which excludes the eight most volatile components and the effects of changes in ind

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Canadian consumer prices rise 3.4 percent year-over-year

posted by xjessicax 1310 days ago in CAD, Consumer made popular 1310 days ago

Canadian consumer prices rose 3.4% in the 12 months to September, due largely to higher energy and food prices according to data released by Stats Canada Friday morning. This was a slightly slower pace than August's 3.5% increase, when the pace o

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Europe Services, Manufacturing Shrink at Record Pace

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

Europe's manufacturing and service industries contracted at a record pace in October as the financial crisis damped exports and consumer spending.

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Italian Consumer Confidence Falls In October;

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

Friday, results of the consumer confidence survey conducted by the economic think tank ISAE showed that the sentiment indicator declined to 102.2 in October from 102.8 in September. Economists had expected the indicator to log a reading of 100.

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German Import Prices Fall More Than Expected

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

German import prices fell 1.0% in September after declining 0.8% in the previous month as crude oil prices continues to pull back from its record high in July. On an annual basis, import prices slipped to 7.6^ from 9.3% in August, which crossed t

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European markets fall on economy fears

posted by xjessicax 1311 days ago in EUR, Fundamental, Daily made popular 1307 days ago

The European markets fell for the third day on Thursday, as disappointing results from Daimler and ABB substantiated fears that the global economic slump is hurting profit growth.

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Economy on edge of recession: BoC

posted by xjessicax 1311 days ago in CAD, Fundamental, GDP made popular 1311 days ago

The Bank of Canada says the Canadian economy is on the razor's edge of recession, and a full recovery is dubious and distant.

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Canada on verge of recession, central bank warns

posted by xjessicax 1311 days ago in CAD, Fundamental, GDP made popular 1311 days ago

The economy will be on the verge of recession through the rest of this year and into next year with "sluggish" growth of just 0.6 per cent in 2008 and again in 2009, the Bank of Canada forecast Thursday in its latest quarterly Monetary Policy Upd

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EUR/USD Falls Further Following Overnight Session

posted by xjessicax 1311 days ago in USD, EUR made popular 1311 days ago

The euro is currently off new two-year lows against the U.S. dollar on Thursday morning, due in part to dovish comments by European Central bankers.

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European markets likely to see further downside

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

Global cues are pointing towards a lower opening for the major European markets on Thursday. Wall Street extended its losses Wednesday on growing recession fears and the Asian markets are also trading sharply lower on Thursday. The major European

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European Economics Preview: UK Retail Sales, Eurozone Curren

posted by xjessicax 1311 days ago in EUR made popular 1311 days ago

Most of the major eurozone economies are expected to release statistical data on Thursday. Among the major reports, UK retail sales and the Eurozone current account data may dominate the scene.

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Euro skids to 19-month low against dollar

posted by xjessicax 1312 days ago in USD, EUR made popular 1312 days ago

The euro skidded to a 19-month low against the dollar Tuesday on rising hopes that the U.S. economy may pull out of its tailspin in the global financial turmoil.

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