Archive for June, 2008
ECB Pressures To Increase
ECB Pressures To Increase
The inflation data will reinforce ECB fears over inflation trends, but there will still be additional pressure for the bank to resist an interest rate hike.
The dollar was unable to strengthen back through the 1.57 level on Friday and weakened to test support levels around 1.5780 as US equity markets remained […]
Canadian Economy Expands, As Manufacturing Rebounds
Canadian Economy Expands, As Manufacturing Rebounds
The Canadian economy grew 0.4% in April following a 0.2% decline the month prior. GDP for the country was greater than the 0.2% that was expected by economists and was the first month of growth in the last three. A closer look at the breakdown reveals that the downtrodden manufacturing […]
Canadian GDP Rebounds Back into the Plus Column
Canadian GDP Rebounds Back into the Plus Column
Real GDP rose a stronger-than-expected 0.4% in April following two months of decline, with output down 0.2% in March and 0.3% in February. Market expectations had been for a return to positive growth, but by a more moderate 0.3%.
The strength was relatively broadly based with output in […]