Archive for April 13th, 2016

Central Bank Watch

Bank of Canada Retains 0.5% Overnight Money Rate Target and Releases New Forecasts

April 13, 2016

A statement justifying the existing central bank interest rate structure makes seven primary assertions. First, the global economic outlook has weakened since January. Second, commodity prices are slightly above levels assumed at the start of this year, although well below historical averages. Third, the Canadian dollar has firmed. Fourth, potential non-inflationary output growth had to […] More

New Overnight Developments Abroad - Daily Update

Crowd-Pleasing Chinese March Trade Data

April 13, 2016

Investors had already been in a risk-on frame of mind because of the upcoming OPEC meeting to freeze production and lend support to oil prices. Chinese trade figures released overnight suggest that economy’s slowdown may be stabilizing and boosted stock and commodity prices further. Chinese exports recorded on-year positive growth of 11.5%, their first rise […] More