Canada’s May headline inflation slows on food prices

Jun 20, 2016 05:48 am UTC| Commentary Economy

Canadas inflation in the month of Mayslowed a bit to 1.5 percent year-on-year as compared with Aprils 1.7 percent year-on-year. Meanwhile, the core inflation, excluding the eight most volatile items, slowed slightly to 2.1...

IMF’s Lagarde urges Britons to stay in the EU since its membership made UK richer

Jun 17, 2016 12:29 pm UTC| Commentary Economy

The Managing Director of the International Monetary Fund, Christine Lagarde, while speaking at a public event in Vienna, reiterated that a Brexit remains the biggest threat to the UK economy, urging Britons to stay within...

Taiwan’s export orders likely to have rebounded in May

Jun 17, 2016 11:27 am UTC| Commentary Economy

Taiwans export orders are likely to have rebounded in May. In the previous month, export orders growth had slowed to -11.1 percent year-on-year from Marchs -4.7 percent year-on-year. The slowdown in April was mainly due to...

Domestic demand remains key growth driver of euro area; economy likely to slow in Q2

Jun 17, 2016 11:20 am UTC| Commentary Economy

The euro area economy had surprised on the upside in the first quarter, growing strongly. The disturbance in the financial market at the beginning of 2016 had raised projections of a weaker momentum. However, the euro area...

Canada’s near-term housing outlook remains strong; likely to moderate in 2017

Jun 17, 2016 10:08 am UTC| Commentary Economy

Canadas near-term housing outlook remains upbeat. In the first quarter, the Canadian residential activity accelerated noticeably and registered its most rapid pace since 2012. Growth was broad-based. Both resale and...

Japan’s trade balance likely to have improved noticeably in May

Jun 17, 2016 07:29 am UTC| Commentary Economy

Japans trade balance is likely to have improved markedly in May.The country is expected to record a trade surplus of JPY 70 billion in May, as compared with the deficit of JPY 220 billion recorded in May 2015, said Societe...

Wildfires to weaken Canada’s economic growth in Q2; GDP likely to rebound to 2 pct in 2017

Jun 17, 2016 07:03 am UTC| Commentary Economy

The Canadian economy started this year on a strong note as a sharp increase in residential investment and exports resulted in the economy to grow at an annualized rate of 2.4 percent in the first quarter. However, fleeting...