Archive for December 8th, 2009

Deeper Analysis

World Too Reliant on Asian Demand

December 8, 2009

When global financial markets first misfired in the second half of 2007, the hope was that the strength of Asia’s economy would mitigate the slowdown of global economic growth.  That hopefulness was misplaced.  With Asia now rebounding more rapidly than expected at mid-2009, the region is again being counted upon to lift other areas.  Car […] More

Central Bank Watch

Canadian Monetary Policy Left Unchanged

December 8, 2009

Bank of Canada policymakers agreed once again to retain a 0.25% overnight money target and, contingent upon the correctness of its inflation outlook, not to raise that rate before mid-2010.  The benchmark rate has been at 0.25% since a 25-bp rate cut on April 21.  From a cyclical peak of 4.5%, such had been cut […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Mixed News

December 8, 2009

The dollar lost 0.9% to the yen but shows gains of 0.9% against the pound, 0.3% versus the kiwi, 0.2% against the Swissy, Aussie dollar and Swissy, and just 0.1% versus the euro. The Ftse, Nikkei, and Paris Cac are off 0.4%, 0.3%, and 0.1%.  The Dax is flat.  Stocks fell 1.7% in Pakistan, 1.1% […] More