Western Union:A surprisingly poor start to the year for Canada's economy weighed on the loonie and lobbed it back toward six-week lows. The northern economy slammed on the brakes in Q1 when growth contracted 0.6 percent …
A surprisingly poor start to the year for Canada's economy weighed on the loonie and lobbed it back toward six-week lows.
The northern economy slammed on the brakes in Q1 when growth contracted 0.6 percent annually from a 2.2 percent rate of growth in Q4. Canada's economy was expected to grow 0.3 percent last quarter. A number this poor reinforces Canada's low rate outlook for the foreseeable future which differs from expectations for U.S. rates to move higher.
Next week brings crucial Canadian trade data on Wednesday and the all-important employment report on Friday.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
