Western Union notes: The Canadian Dollar was hit by weak data on Friday but higher than expected inflation data held it back. Retail sales for April were sharply lower than expectations falling 0.1 percent after two mont…
The Canadian Dollar was hit by weak data on Friday but higher than expected inflation data held it back. Retail sales for April were sharply lower than expectations falling 0.1 percent after two months of strong gains in February & March. Consumer Price Inflation (CPI) for May came in higher than expected rising 0.9 percent (Y-on-Y).
The weakness in the Canadian Dollar is now feeding through into inflation and rising inflation will reduce chances for another rate cut in the economy.
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…
