Data to confirm moderate level of economic activity in Mexico
Nov 29, 2015 23:44 pm UTC| Commentary Economy
Data this week should confirm a firm but moderate level of economic activity in Mexico, after an increase in the unemployment rate and a decline in retail sales were reported last week. The main data release is gross fixed...
Strong labor market in Mexico another reason for Banxico to remain on hold
Nov 27, 2015 16:23 pm UTC| Commentary Economy
Mexicos unemployment rate rose to 4.37% sa in October, from 4.26% sa previously. The surprise was driven by an increase in seasonally adjusted terms of the participation rate by almost 63bp from last month. In annual...
Ontario fiscal defict likely to contract by FY2016-17
Nov 27, 2015 05:35 am UTC| Commentary Economy
Weaker Canadian dollar, lower oil prices, and improvement in U.S. economic likely supported the economic outlook of Canada.Ontario Economic Outlook and Fiscal Review for 2015 were released yesterday. While releasing the...
Q3 2015 sees corporate Canada back in red
Nov 27, 2015 03:53 am UTC| Commentary Economy
Canadas corporate profits declined to -5.4% qoq, to be back in red in third quarter of this year, after seeing a rebound in Q2, which was not lasting. In last four quarters, in three of them, the profits dropped, which...
Singapore industrial production shrank by 5.4% (YoY) in Oct15
Nov 27, 2015 01:17 am UTC| Commentary Economy
Its such a sobering picture. Headline industrial production shrank by 5.4% (YoY) in Oct15. That makes for nine consecutive months of declines. Surely, this is a big cold bucket of water over the earlier better than...
Corporate Canada back in the red in Q3
Nov 26, 2015 15:00 pm UTC| Commentary Economy
Corporate profits slipped back into the red in Q3 (-5.4% q/q), after an impressive but short-lived rebound (+15.7% q/q) in Q2. All in all, profits have fallen in three of the past four quarters, leaving them 10% lower than...
MXN deprecation in line with its EM peers
Nov 26, 2015 05:24 am UTC| Commentary Economy
The beginning of the US monetary policy normalization cycle has been exceptionally well telegraphed, hence market stress is unlikely in Mexico. US Fed has been guiding markets towards higher rates in the near future,...
Canada retail sales rises in September