The Daily – March 22nd, 2017

March 22nd, 2017 Daily Market Commentary       Economic News: The Housing Price Index in the US was reportedly flat in month-over-month terms, below estimates. Existing home sales were quoted at 5.48M in month-over-month terms in the US, below estimates. Mortgage applications in the…

The Daily – March 21st, 2017

March 21st, 2017 Daily Market Commentary       Economic News: Retail Sales in Canada were up 2.2% in month-over-month terms. The Redbook Index, which measures same-store sales growth in US General Merchandisers, was reportedly down 0.6% and up 1.2% in month-over-month and year-over-year terms,…

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…

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