Archive for August 19th, 2009

Canadian CPI Inflation

August 19, 2009

Consumer prices declined 0.3% between June and July and by 0.9% over the past twelve months.  The on-year change represents a deeper drop after June’s minus 0.3% and a 4.4 percentage point swing from an increase of 3.5% in the year to August 2008.  Over the past year, energy prices tumbled 23.4%, food rose 5.0% […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Plunge of Chinese Equities Fanning Risk Aversion

August 19, 2009

The Shanghai Composite equity index fell 4.3%, at one point showing a 20% cumulative drop from its 2009 peak, i.e. the condition for declaring a bear market. China’s CSI 300 closed down 5.0% on the day.  Elsewhere in Asia, stocks dropped 2.5% in Indonesia, 1.4% in Thailand and India, 1.8% in Singapore, 1.7% in Hong […] More

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