Canadian Employment Rises Unexpectedly; the Unemployment Rate Bumps up to 6.2%
Canadian Employment Rises Unexpectedly; the Unemployment Rate Bumps up to 6.2%
Employment in Canada rose 9,500 in October, stronger than market expectations of a 10,000 drop, after the 107,000 surge in September. However, the modest increase in employment did not prevent the unemployment rate from rising to 6.2% from 6.1% in September. The key wage measure […]
Markets Slide After Rate Cuts/Dollar Gains
Markets Slide After Rate Cuts/Dollar Gains
Global equities were falling sharply on Thursday after the ECB reduced borrowing costs by 50 basis points and BoE shocked markets with a massive 150 basis point reduction. Both moves came one week after the Fed’s 60 basis point cut last Wednesday.
“Stocks usually get a short-term boost from rate cuts, […]
Rate Cuts Do More Harm Than Good
Rate Cuts Do More Harm Than Good
Overall: Rate cuts from the BoE, ECB and SNB sent stock markets into a tailspin, which heightened sentiment for the dollar and yen against the higher-yeilders. One trend noticed as of late is that the Swiss franc (in part because it yields 100 basis points more than the dollar) […]