The Daily

March 22nd, 2017 Daily Market Commentary       Economic News: The Housing Price Index in the US was reportedly flat in month-over-month terms, below estimates. Existing home sales were quoted at 5.48M in month-over-month terms in the US, below estimates. Mortgage applications in the US in March were down 2.7%. Crude Oil storage reported [...]

March 21st, 2017 Daily Market Commentary       Economic News: Retail Sales in Canada were up 2.2% in month-over-month terms. The Redbook Index, which measures same-store sales growth in US General Merchandisers, was reportedly down 0.6% and up 1.2% in month-over-month and year-over-year terms, respectively. The UK Consumer Price Index was reportedly up 2.3% [...]

March 20th, 2017 Daily Market Commentary       Economic News: Wholesale Sales in Canada were up 3.3% in month-over-month terms. The Producer Price Index in Germany was up 0.2% and 3.1% in month-over-month and year-over-year terms, respectively. Canada: Canada’s Finance Minister is sticking by his pledge to lower the nation’s debt ratio, signaling the government [...]

March 17th, 2017 Daily Market Commentary       Economic News: Manufacturing Shipments in Canada were up 0.6% in month-over-month terms, above estimates. Industrial Production in the US was flat in month-over-month terms, below estimates. The Michigan Consumer Sentiment Index was reported at 97.6, above estimates. Construction output in the EU was down 3.3% in [...]

March 16th, 2017 Daily Market Commentary       Economic News: Foreign Investment in Canadian Portfolios in January was $6.2B, far below estimates. Housing Starts in the US were up 1.29M, above estimates. Initial Jobless Claims int he US were quoted at 241K, above estimates The Bank of England held their key interest rate steady, [...]

March 15th, 2017 Daily Market Commentary       Economic News: As most expected, the US Federal Reserve elected to raise their key interest rate measure to a range 0f 0.75% to 1.0%, up from 0.50% to 0.75%. The US Consumer Price Index was up 0.1% and 2.7% in month-over-month and year-over-year terms, both in [...]

March 14th, 2017 Daily Market Commentary       Economic News: The Producer Price Index in the US was up 0.3% and 2.2% in month-over-month and year-over-year terms, respectively. Both figures were above estimates. The Redbook Index, which measures same-store sales growth from US General Merchandisers, was reportedly down 0.6% and up 1.3% in month-over-month [...]

March 13th, 2017 Daily Market Commentary       Economic News: 3-Month and 6-Month Bill Auctions in the US resulted in yields of 0.78% and 0.91%, respectively. Canada: Prem Watsa’s Fairfax Financial Holdings Ltd. secured an additional $500 million in financing toward its $4.8 billion takeover of Allied World Assurance Co. from Alberta Investment Management Corp. The funds will [...]

March 10th, 2017 Daily Market Commentary       Economic News: The Canadian Participation Rate was quoted at 65.8%, slightly down from the prior reading. The US Unemployment was quoted at 4.7%, down from 4.8%, with a slightly higher Participation Rate of 63%. Average Hourly Earnings in the US were reportedly up 2.8% in year-over-year [...]

March 9th, 2017 Daily Market Commentary       Economic News: The New Housing Price Index in Canada was reportedly up 0.1% and 3.1% in month-over-month and year-over-year terms, respectively. Initial Jobless Claims in the US were quoted at 243K, above estimates. The ECB kept their key interest rates and deposit rates steady at 0% [...]