Canadian wealth leaning on real estate
Dec 14, 2015 23:35 pm UTC| Commentary Economy
The plunge in oil prices has weighed on Canadian overall national net worth (assets less liabilities), which fell 1.3%, or $129.4 billion - mostly due to a massive $285 billion decline in natural resource wealth. The...
Canadian wealth depending on real estate
Dec 14, 2015 15:55 pm UTC| Commentary Economy Real Estate
The plunge in oil prices has weighed on Canadian overall national net worth (assets less liabilities), which fell 1.3%, or $129.4 billion - mostly due to a massive $285 billion decline in natural resource wealth. The...
More signs of recovery in China
Dec 14, 2015 00:42 am UTC| Commentary Economy
Chinese data over the weekend generally supported the picture of a moderate recovery in the industrial sector fuelled by higher credit growth and a slight improvement in exports. While encouraging, still look for more rate...
Euro area inflation too low, EUR too high
Dec 13, 2015 23:22 pm UTC| Commentary Economy
Longer-term inflation expectations dropped again after the ECB meeting, and the most recent flash estimate of core HICP inflation disappointed significantly and should be confirmed on Wednesday at 0.9% y/y (versus initial...
UK price pressures remain absent
Dec 13, 2015 22:13 pm UTC| Commentary Economy
UK data this week should highlight extremely low UK price pressures and support increasingly dovish Bank of England rhetoric, keeping downward pressure on sterling. Consensus expect headline CPI inflation (Tuesday) to be...
Asian data to set risk tone, but FOMC policy decision front and centre
Dec 11, 2015 18:43 pm UTC| Commentary Economy
Although the macro calendar serves up some useful data over the course of the coming week, broad market attention is expected to be concentrated around the looming FOMC policy meeting outcome (Wed). By now, a 25bp...
U.S. consumers working up some holiday mojo
Dec 11, 2015 18:13 pm UTC| Commentary Economy
Retail sales for November grew the most in four months, up 0.2 percent. This modest increase is less than expectations but above Octobers 0.1 percent figure. However, excluding gas and autos the figure was up a robust 0.6...
Canada retail sales rises in September