Archive for January 20th, 2016

Central Bank Watch

Bank of Canada Retains 0.50% Overnight Interest Rate Target

January 20, 2016

Central banks are in the first stage of grief over what’s transpiring in financial markets this year, and the Bank of Canada is no exception.  The take-away from today’s released statement is that policymakers are in a state of denial.  Yes, forecast adjustments have been made in the face of year-to-date declines in the Toronto […] More

New Overnight Developments Abroad - Daily Update

Intensifying Risk Aversion

January 20, 2016

Share prices closed down 4.1% in Hong Kong, 3.7% (or 632 points) in Japan, 3.0% in Singapore, 2.3% in South Korea, 2.0% in Taiwan, 1.7% in India, 1.5% in China, 1.4% in Indonesia and 1.3% in Australia.  Equity declines today in Europe so far amount to 6.8% in Greece, 3.2% in France, 3.1% in Switzerland, […] More