Canada's July GDP was a touch stronger than expected
Sep 30, 2015 22:36 pm UTC| Commentary
Canadas July GDP was a touch stronger than expected - rising 0.34%m/m (cons 0.2%, June revised down by 0.1ppt). As expected, mining, oil gas and manufacturing were strong contributors. It confirms Canadas momentum heading...
Sep 30, 2015 22:26 pm UTC| Commentary
Commodity currencies have had a very poor quarter. A combination of weaker commodity prices, financial market volatility and idiosyncratic issues combined to weigh heavily on the performance of the AUD (-9%), NOK,...
US private payrolls rebound in September driven by large company hiring
Sep 30, 2015 22:00 pm UTC| Commentary
The ADP Employment numbers were released today showing that private companies added 200K new jobs in September. Beating the 190K estimates, this solid 200k mark was driven by large companies overcoming the impacts of a...
Euro zone economic recovery has proven quite resilient this year
Sep 30, 2015 21:41 pm UTC| Commentary Economy
The euro zone economic recovery has proven quite resilient this year, despite turmoil in Greece, slower growth in emerging markets and recurring global commodity price shocks. Incoming business surveys continue to point to...
Brazil has become the centre of financial market turmoil in Latin America
Sep 30, 2015 21:31 pm UTC| Commentary Economy
The Brazilian real (BRL) is under escalating negative pressure fuelled by a complex domestic economic and political environment and adverse external factors. After touching 4.25 per US dollar (USD) in what many analysts...
Canadian economy contracted in the first half of 2015
Sep 30, 2015 21:24 pm UTC| Commentary
The Canadian economy contracted in the first half of 2015, dragged down by a sharp retrenchment in oil gas investment and drilling activity. A number of temporary disruptions, including auto sector retooling, shipping...
US economy is showing signs of improving momentum, led by consumer and housing activity
Sep 30, 2015 21:11 pm UTC| Commentary Economy
The US economy is showing signs of improving momentum, led by consumer and housing activity. Solid job growth, rising income gains, low gas prices and pent-up demand should sustain the pickup in household spending into...