Canadian CPI

WTI Oil Extends Rise Above $40 Level

March 18, 2016

West Texas Intermediate oil has climbed another 1.8% to $40.93 per barrel.  There has been a rebound of 56.6% since February 11 when oil touched its lowest level since May 2003. The rebound in oil has maintained a bid tone in share prices.  The DOW is 0.7% higher.  Stocks have risen 0.5% in Spain and […] More

Markets Confused and Fearful about the Coming Year

December 18, 2015

Noontime in New York finds U.S. equities down over 1.0%, the ten-year Treasury yield off two basis points, and the dollar depressed by 1.3% against the yen, 1.0% versus the Aussie dollar, 0.8% relative to the kiwi, 0.5% against the loonie, 0.4% vis-a-vis the euro and 0.1% against sterling. Share prices fell 1.9% in Japan […] More

Markets Confused and Fearful about the Coming Year

December 18, 2015

Noontime in New York finds U.S. equities down over 1.0%, the ten-year Treasury yield off two basis points, and the dollar depressed by 1.3% against the yen, 1.0% versus the Aussie dollar, 0.8% relative to the kiwi, 0.5% against the loonie, 0.4% vis-a-vis the euro and 0.1% against sterling. Share prices fell 1.9% in Japan […] More

A One-Two Punch from China and Greece

August 21, 2015

The dollar’s retreat was extended overnight, hitting a low of 1.1312 per euro.  Against Thursday closing levels, the U.S. currency lost 0.6% against the kiwi and yen, 0.5% versus the euro, and 0.4% vis-a-vis the Swiss franc.  The dollar, in contrast, is unchanged relative to the yuan and Australian dollar and shows gains of 0.4% […] More

Geopolitical Tensions Overhang Market

July 18, 2014

Markets are on edge following the downing of Malaysian Airlines Flight 17 in Ukraine by a surface to air missile, the invasion of Gaza by Israeli ground troops, and augmented trade sanctions against Russia by the EU and United States.  If anything is going to break the low volatility environment in the marketplace, this toxic […] More

Inflation in Japan and Canada: Too Little of a Bad Thing

January 25, 2013

Conservatives around the world have been warning since 2009 that heavy doses of monetary accommodation and fiscal deficit spending will lead to an unacceptably large increase of inflation.  The major surprise on the price front in country after country has been lower-than-anticipated inflation.  Analysts and politicians have been hard-wired to believe that inflation is intrinsically […] More

Dollar Down Ahead of Greek Vote on Austerity Later Today

June 29, 2011

The euro topped $1.4400 for the first time in a week and is 0.4% higher on balance.  The dollar has also lost 1.2% against the kiwi, 0.6% relative to the Australian dollar, 0.5% versus the Canadian dollar, 0.2% against sterling, and 0.1% relative to the yuan.  Dollar/yen and dollar/Swiss are unchanged. Dollar/Swiss was as weak […] More

Thank God It’s Friday and a Quiet One at That

May 20, 2011

Not to much is happening this Friday.  No U.S. data releases are scheduled.  The euro has dipped back under $1.43.  The Bank of Japan made no further changes at this month’s Policy Board meeting despite a big drop in the latest all-industry index reading.  French Finance Minister Legarde appears to be the front-runner to succeed […] More

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