Canadian GDP Resilient to Global Economic Pressures
Canadian GDP Resilient to Global Economic PressuresCanadian GDP contracted by 0.1% GDP was buoyed by a 1.1% gain in mining and oil and gas extraction
The Canadian economy surprised on the upside in October, contracting by a slight 0.1%, at a time when all the signs where pointing to a 0.3% decline. While this does show […]
US Auto Bailout Helps Global Market Sentiment
US Auto Bailout Helps Global Market Sentiment
U.S. Dollar Trading (USD) Global equities rallied yesterday as the market absorbed President elect Obama’s new multi billion dollar infrastructure plan. Also of note was the moving ahead of the US automakers Bailout bridge loans. The USD was weaker as commodities surged on perceived demand for these projects and […]
Global Fears Protect Yen
Global Fears Protect Yen
The yen is liable to remain trapped between increased domestic fears and a major lack of confidence in the international economy. Heavy yen losses are unlikely in current circumstances.
The dollar consolidated near 95.40 on Thursday with a rise in European bourses having a small negative impact on the yen. There was subdued […]