Deeper Analysis
World Too Reliant on Asian Demand
December 8, 2009
When global financial markets first misfired in the second half of 2007, the hope was that the strength of Asia’s economy would mitigate the slowdown of global economic growth. That hopefulness was misplaced. With Asia now rebounding more rapidly than expected at mid-2009, the region is again being counted upon to lift other areas. Car […] More
Central Bank Watch
Canadian Monetary Policy Left Unchanged
December 8, 2009
Bank of Canada policymakers agreed once again to retain a 0.25% overnight money target and, contingent upon the correctness of its inflation outlook, not to raise that rate before mid-2010. The benchmark rate has been at 0.25% since a 25-bp rate cut on April 21. From a cyclical peak of 4.5%, such had been cut […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Mixed News
December 8, 2009
The dollar lost 0.9% to the yen but shows gains of 0.9% against the pound, 0.3% versus the kiwi, 0.2% against the Swissy, Aussie dollar and Swissy, and just 0.1% versus the euro. The Ftse, Nikkei, and Paris Cac are off 0.4%, 0.3%, and 0.1%. The Dax is flat. Stocks fell 1.7% in Pakistan, 1.1% […] More
