Deeper Analysis
April in Figures
April 30, 2012
Concern about the growth outlook in advanced economies revived in April, dragging share prices and both short- and long-term interest rates somewhat lower. Gold barely moved on balance, but oil prices closed higher for the month and stayed above the key $100 per barrel level. The yen strengthened 3.5% against the dollar, which slipped below […] More
Deeper Analysis
Canadian and U.S. GDP and Some Thoughts on Government Deficits
April 30, 2012
Canadian real GDP in the three months to February exceeded GDP in the previous three months by 2.0% at a seasonally adjusted annualized rate. For service-producing activities, GDP went up 2.1% annualized, while the growth rate for goods-producing industries, and its subset of industrial production, was 1.9%. The U.S. Commerce Department reported last Friday first-quarter […] More
New Overnight Developments Abroad - Daily Update
End-April Brings Confirmation of Spanish Recession
April 30, 2012
Spain posted a second consecutive quarter of negative GDP growth. Japan closed for Showa Day, commemorating Emperor Hirohito’s birthday. Euroland released data on consumer prices and money and credit growth. The dollar has advanced 0.4% against the Australian dollar, 0.3% versus the kiwi, and 0.2% relative to the loonie, euro and Swiss franc. The dollar […] More
