Archive for March 1st, 2017

Central Bank Watch

Bank of Canada Maintains Overnight Rate Target at 0.50%

March 1, 2017

As at the European Central Bank, official at the Bank of Canada are “looking thought the effects” of higher energy prices on inflation, which they expect to be temporary. A statement released after this year’s second of eight scheduled policy reviews, notes that multiple measures of core inflation point “to material excess” in Canada’s economy and […] More

Deeper Analysis

Widest U.S. Manufacturing Advantage Versus Euroland in Two Years

March 1, 2017

The Institute of Supply Management’s U.S. manufacturing purchasing managers index jumped 1.7 points in February to a 28-month high of 57.7. This faster improvement of conditions was led by new orders, up 4.7 points, and production, up 1.5 points. Inflationary pressured settled back a point but remained well above the 50 level that separates expansion […] More

New Overnight Developments Abroad - Daily Update

U.S. Monetary Tightening Fever Lifts Dollar, Stocks and Sovereign Debt Yields

March 1, 2017

Last night’s speech by President Trump did no harm but lacked the details that investors were hoping to learn. No more is known about what will replace the Affordable Care Act, or how increased government spending will be financed. Trump was less contentious, but any relief could quickly dissipate today after the new immigration policy […] More

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