Deeper Analysis
Housing Markets Remain an Object of General Concern
July 12, 2010
Early next month will mark the the third anniversary of the financial market crisis. It began when falling U.S. housing prices crippled the sub-prime mortgage loan market. In the darkest days of the ensuing global recession, it was common for analysts to answer those asking “where’s the bottom and when?” with an assertion that self-generating […] More
Central Bank Watch
Bank of Canada Releases Two Corporate Surveys
July 12, 2010
The Bank of Canada’s first rate increase of the cycle on June 1st was justified by evidence of economic recovery. Even though pausing in April, real GDP still expanded 5.0% annualized over the latest six reported months. Employment climbed 1.5% in the year to June, and service sector jobs soared 7.5% annualized last quarter. Two […] More
New Overnight Developments Abroad - Daily Update
Dollar Stronger
July 12, 2010
The dollar has risen 0.7% against the Swiss franc, 0.6% against the euro, 0.5% against the Aussie dollar, 0.3% against sterling, and 0.2% versus the kiwi. It is unchanged against the yen and 0.1% softer against the Canadian dollar. The yuan firmed 0.1% after showing no change for several days. The Japanese Nikkei fell 0.4% […] More
