Jun 12, 2015 16:35 pm UTC| Commentary
Western Union notes:The loonie made little headway Friday though it was on track for a week of gains against the greenback. An uptick in oil to above $60 helped the commodity-linked loonie, finding further support in the...
Jun 12, 2015 16:34 pm UTC| Commentary
Western Union notes:The euro weakened Friday as Greek talks on badly needed rescue money suffered a setback in the IMF walking away from negotiations. The euro was also hurt by comments from German Chancellor Angela Merkel...
Canadian provinces have more work to do on the fiscal front
Jun 12, 2015 15:40 pm UTC| Commentary
Canadian National Balance Sheet Accounts (Q1) showed gross general government debt (includes all levels of government) rising to 112% of GDP after holding steady for the prior four quarters, just slightly below 2013Q2 more...
Canadian household debt ratio dips, but unlikely to change BoC's view
Jun 12, 2015 15:29 pm UTC| Commentary
Canadian household debt ratios fell 0.3 ppts to 163.3% in the first quarter of 2015, from the prior quarters record level. The ratio fell in Q1 for the sixth consecutive year, but the average drop in the prior five years...
Eurozone equities to continue to deliver a strong performance
Jun 12, 2015 14:52 pm UTC| Commentary
Despite the bond sell-off in late April and now a new wave of correction with the 10-year Bund yield almost touching 1.0% this week, dragging equity markets down in its wake, Societe Generale maintains a positive long-term...
Personal consumption PPI suggests a moderation in downward pressures for US CPI
Jun 12, 2015 14:26 pm UTC| Commentary
Producer prices rose 0.5% m/m in May, stronger than consensus (0.4%) forecasts. The rise in headline PPI was driven by a 5.9% m/m increase in energy prices. Core PPI (ex-food and energy) rose a more modest 0.1% m/m...
Russia CBR to continue cutting, but at a slower pace
Jun 12, 2015 10:38 am UTC| Commentary
The Bank of Russia (CBR) is likely to cut its key rate 100bp to 11.5% at its meeting on Monday 15 June. This is a slower rate than the 150bp cut at its May meeting. The CBR is in slightly less of a hurry to cut rates at...