Quotes from Western Union:- The Canadian Dollar traded weaker in early morning trade tracking the fall of 1.4% in crude oil on comments from OPEC Secretary-General that OPEC should not subsidize high cost shale oil produ…
- The Canadian Dollar traded weaker in early morning trade tracking the fall of 1.4% in crude oil on comments from OPEC Secretary-General that OPEC should not subsidize high cost shale oil producers by cutting production.
- The much talked about Housing sector in Canada finally showed some signs of easing off as housing starts for February fell sharply lower to 156.3k which was way below market consensus at 180k. This is the lowest number we have seen since July 2009 and could have been impacted by the weather as temperatures average temperature in February in several Canadian cities recording its lowest since 1938.
- The lower housing starts number could also indicate that home builders are wary of adding to supply with galloping house prices at all-time highs and this could actually keep the supply side weak, which in turn could hold up house prices.
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…
