Canada’s industrial prices slump on soaring currency
Canada’s manufacturers saw prices for their products drop in April, mainly because of a rising loonie, according to figures released Monday.
Statistics Canada said its industrial product price index fell half a percentage point in April.
The index — which measures how much manufacturers get as their products leave the plant gate — stood at 117 in […]
Optimism about the Recovery May Be Premature
Optimism about the Recovery May Be Premature
US housing market remains weak
US mortgage delinquencies and foreclosures rose to record high in Q1 2009. Mortgage delinquencies rose to 9.12% from 7.8% and foreclosures rose to 1.37%. One in eight US homeowners faces foreclosure. Existing home sales for April rose only 0.3%. Case Sheller reports that […]
Low Momentum During The Sunday Session
Low Momentum During The Sunday Session
Overall, the currency market saw limited momentum during the Sunday session as both the U.K. and the U.S. financial markets will be closed on Monday. More often than not, the market moves side-ways unaffected by most news reports on bank holidays. However, one should note that in a number of […]