Data to confirm moderate level of economic activity in Mexico

Nov 29, 2015 23:44 pm UTC| Commentary Economy

Data this week should confirm a firm but moderate level of economic activity in Mexico, after an increase in the unemployment rate and a decline in retail sales were reported last week. The main data release is gross fixed...

Strong labor market in Mexico another reason for Banxico to remain on hold

Nov 27, 2015 16:23 pm UTC| Commentary Economy

Mexicos unemployment rate rose to 4.37% sa in October, from 4.26% sa previously. The surprise was driven by an increase in seasonally adjusted terms of the participation rate by almost 63bp from last month. In annual...

Ontario fiscal defict likely to contract by FY2016-17

Nov 27, 2015 05:35 am UTC| Commentary Economy

Weaker Canadian dollar, lower oil prices, and improvement in U.S. economic likely supported the economic outlook of Canada.Ontario Economic Outlook and Fiscal Review for 2015 were released yesterday. While releasing the...

Q3 2015 sees corporate Canada back in red

Nov 27, 2015 03:53 am UTC| Commentary Economy

Canadas corporate profits declined to -5.4% qoq, to be back in red in third quarter of this year, after seeing a rebound in Q2, which was not lasting. In last four quarters, in three of them, the profits dropped, which...

Singapore industrial production shrank by 5.4% (YoY) in Oct15

Nov 27, 2015 01:17 am UTC| Commentary Economy

Its such a sobering picture. Headline industrial production shrank by 5.4% (YoY) in Oct15. That makes for nine consecutive months of declines. Surely, this is a big cold bucket of water over the earlier better than...

Corporate Canada back in the red in Q3

Nov 26, 2015 15:00 pm UTC| Commentary Economy

Corporate profits slipped back into the red in Q3 (-5.4% q/q), after an impressive but short-lived rebound (+15.7% q/q) in Q2. All in all, profits have fallen in three of the past four quarters, leaving them 10% lower than...

MXN deprecation in line with its EM peers

Nov 26, 2015 05:24 am UTC| Commentary Economy

The beginning of the US monetary policy normalization cycle has been exceptionally well telegraphed, hence market stress is unlikely in Mexico. US Fed has been guiding markets towards higher rates in the near future,...