Doug Porter News
-
Canada’s dollar fell to a more than two-month low against its U.S. counterpart amid speculation growth in the world’s largest economy would spur the Federal Reserve to reduce stimulus, known as quantitative easing.
-
Doug Porter, chief economist at the Bank of Montreal, said the Canadian dollar is overvalued by 5 percent to 10 percent given levels of commodity prices.
-
The Canadian dollar gained for the first time in five days versus its U.S. counterpart after American industrial production dropped in April by the most in eight months.
-
An improving economic outlook may ease pressure on the Bank of Canada’s newly appointed chief to abandon the only tightening bias in the Group of Seven.
-
Canada’s inflation rate slowed to the bottom of the central bank’s target range last month as gasoline prices dropped, further evidence that slack is building up in the world’s 11th-largest economy.
-
Canadian employers unexpectedly cut jobs in January while home builders slowed the pace of new construction to the least since 2009, suggesting a languid start to the new year for the country’s economy.
-
The Canadian dollar strengthened to a six-week high versus its U.S. counterpart before employment data tomorrow forecast to show job gains last month in the U.S. and Canada.
-
Canada’s economy showed signs of strength today with gains in employment and housing, ending a week where the central bank delayed a plan to raise interest rates and the finance minister said slower growth is sapping revenue needed to curb deficits.
-
Canadian existing home sales rose 2.4 percent in March from the previous month on gains in Vancouver and Toronto, a realtor group said.
-
Canadian Finance Minister Jim Flaherty will say in a budget today how he plans to cope with a weakening revenue outlook that is hampering efforts to eliminate the country’s deficit before the 2015 election.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page