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  • James Boston

    As we approach month end the Reuters Michigan confidence indicators hit the wires to sum up US economic activity over the previous four and a half weeks. This month’s headline Consumer Sentiment number has unsurprisingly come in higher at 86.9, for comparison the September number was recorded as 84.6 and consensus estimates pointed to a […]

  • H.S. Borji

    The Canadian dollar declined sharply against its US counterpart Friday, as the Canadian economy contracted for the first time this year, while US manufacturing activity and consumer confidence rose faster than forecast. The loonie, as the Canadian dollar is known, declined 0.89 percent to 0.8855 US, erasing weekly gains. The USDCAD pair climbed 100 pips […]

  • H.S. Borji

    Canada’s economy contracted unexpectedly in August after flat-lining a month earlier, a sign the world’s eleventh largest economy was facing headwinds in the third quarter. Canada’s real gross domestic product declined 0.1 percent in August following no growth the prior month, Statistics Canada reported today in Ottawa. A median estimate of economists called for another […]

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