Archive for July 12th, 2010

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