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Morning Notes

   

The Daily – March 20th, 2017

March 20th, 2017 Daily Market Commentary       Economic News: Wholesale Sales in Canada were up 3.3% in month-over-month terms. The Producer Price Index in Germany was up 0.2% and 3.1% in month-over-month and year-over-year terms, respectively. Canada: Canada’s Finance Minister is sticking by…

The Daily – March 17th, 2017

March 17th, 2017 Daily Market Commentary       Economic News: Manufacturing Shipments in Canada were up 0.6% in month-over-month terms, above estimates. Industrial Production in the US was flat in month-over-month terms, below estimates. The Michigan Consumer Sentiment Index was reported at 97.6, above…

The Daily – March 16th, 2017

March 16th, 2017 Daily Market Commentary       Economic News: Foreign Investment in Canadian Portfolios in January was $6.2B, far below estimates. Housing Starts in the US were up 1.29M, above estimates. Initial Jobless Claims int he US were quoted at 241K, above estimates…

The Daily – March 15th, 2017

March 15th, 2017 Daily Market Commentary       Economic News: As most expected, the US Federal Reserve elected to raise their key interest rate measure to a range 0f 0.75% to 1.0%, up from 0.50% to 0.75%. The US Consumer Price Index was up…

The Daily – March 14th, 2017

March 14th, 2017 Daily Market Commentary       Economic News: The Producer Price Index in the US was up 0.3% and 2.2% in month-over-month and year-over-year terms, respectively. Both figures were above estimates. The Redbook Index, which measures same-store sales growth from US General…

The Daily – March 13th, 2017

March 13th, 2017 Daily Market Commentary       Economic News: 3-Month and 6-Month Bill Auctions in the US resulted in yields of 0.78% and 0.91%, respectively. Canada: Prem Watsa’s Fairfax Financial Holdings Ltd. secured an additional $500 million in financing toward its $4.8 billion takeover of…

The Daily – March 10th, 2017

March 10th, 2017 Daily Market Commentary       Economic News: The Canadian Participation Rate was quoted at 65.8%, slightly down from the prior reading. The US Unemployment was quoted at 4.7%, down from 4.8%, with a slightly higher Participation Rate of 63%. Average Hourly…

The Daily – March 9th, 2017

March 9th, 2017 Daily Market Commentary       Economic News: The New Housing Price Index in Canada was reportedly up 0.1% and 3.1% in month-over-month and year-over-year terms, respectively. Initial Jobless Claims in the US were quoted at 243K, above estimates. The ECB kept…

The Daily – March 8th, 2017

March 8th, 2017 Daily Market Commentary       Economic News: Labour Productivity in Canada was reportedly up 0.4% in the fourth quarter. The US ADP Employment Change for the US was quoted at 298K, far above estimates of 190K. The Chinese Consumer Price Index…

The Daily – March 7th, 2017

March 7th, 2017 Daily Market Commentary       Economic News: The Canadian economy posted a trade surplus of $810 million in January, above estimates. The Redbook Index, which measures same-store sales growth of US general merchandising companies, was reportedly down 0.8% and up 1%…

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