Canadian May Retail Sales and Inflation

On Friday last week, the Canadian May Retail Sales and Inflation economic data was released. The mixed results saw the markets clearly divided on the next monetary policy move from the Bank of Canada. Data from Statistics Canada showed that the annual inflation rate grew at a slower pace. However, inflation still remained above 2% for the thi...

2018-05-25 John Benjamin Read more
Canada_rates_1910_BOC

Latest inflation report from Statistics Canada released on Thursday showed that the total CPI declined 0.4% on the month pushing the 12-month pace to 1.2% in November, down from 1.5% previously. The decline in inflation was larger than the expected 0.2%. Gasoline prices fell 4.3% during the month which was the main factor in pushing inflation lo...

2016-12-23 John Benjamin Read more
afternoon wrap

The US dollar was seen trading stronger for the week with the biggest declines coming from the Turkish lira. The markets opened this week on the news of a failed military coup in Turkey. However, by Monday morning, the situation was under control which saw the modest risk off mode brushed aside. While the Turkish lira fell over 5% on the news, t...

2016-07-22 John Benjamin Read more
currencies_yellen

Federal Reserve Chairwoman, Janet Yellen continues into day two of testifying to the US Senate banking committee. Markets remain nervous ahead of UK's referendum vote tomorrow. Canada’s retail sales beat estimates. Today’s Economic events Australia MI leading index m/m 0.20% vs. 0.10% previously New Zealand Credit card spending y/y 5....

2016-06-22 John Benjamin Read more