Canadian current account
Calm before U.S. Sequestration
February 28, 2013
It doesn’t look like the sequestration, across-the-board U.S. federal spending cuts, will be averted. But equities are doing well, with overnight gains of 3.0% in China, 2.0% in Hong Kong, 2.7% in Japan, 1.7% in Indonesia, 1.6% in the Philippines, and 1.3% in Australia. In Europe, the Dax and Spanish Ibex are 0.8% higher. The […] More
Spanish Delay
August 30, 2012
Following talks in Madrid between the leaders of Spain and France, Spain’s Prime Minister announced another delay in whether it would seek a bailout. This news added to some weak data to depress share prices and commodities, but currency movements have been limited. The dollar has risen 0.3% against the Aussie and Canadian dollars, 0.2% […] More
