Anticipating a Return to Positive Canadian Growth and a Bigger External Surplus
August 27, 2008
The second-quarter current account will be reported Thursday at 08:30 EDT (12:30 GMT) followed at the same time but on Friday by quarterly national income account statistics and June monthly GDP. Higher commodity export prices especially of energy generated a swift recovery of the current account surplus from less than 0.5% of GDP in the […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Oil Firmer and Dollar Lower
August 27, 2008
The dollar fell 0.8% against the Australian dollar, 0.7% relative to the yen, euro and kiwi, 0.5% against sterling and 0.3% against the Canadian dollar and Swiss franc. Higher commodity prices and some hawkish remarks by ECB officials lie behind this setback. Oil (up 1.0% to $117.55 per barrel) and gold (+1.1% to $838.8 per […] More
