The Daily – July 13th 2016

July 13th, 2016 Daily Market Commentary   ECONOMIC NEWS The Bank of Canada elected to hold their key interest rate steady at 0.5%, as expected. MBA Mortgage Applications in the US were up 7.2% in July.   Commodities: Oil fell after the biggest gain in three…

The Canadian Housing Market: Drivers, Issues, and Forecasts

One of the most controversial areas of the Canadian economy over the past several years has been the booming housing market, primarily led by the urban markets of Toronto and Vancouver. Proponents state that strong price rallies spur demand for home construction, while detractors list…

The Daily – July 12th 2016

July 12th, 2016 Daily Market Commentary   ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in US general merchandising stores, was down 0.3% and up 0.8% in month-over-month and year-over-year terms, respectively.   Commodities: Oil rebounded from a two-month low as a weaker dollar…

The Daily – July 11th 2016

July 11th, 2016 Daily Market Commentary   ECONOMIC NEWS Housing Starts in Canada were up 218K in year-over-year terms, above estimates.   Commodities: Oil dropped to a two-month low after U.S. producers deployed the most rigs since April, signaling that output losses that trimmed a global…

Q2 Commentary – 2016

The Quarterly: July 2016 “… the only way to guarantee you have nothing at retirement is to invest nothing along the way.” – John Bogle, founder and CEO of Vanguard Group   The purpose of this quarterly commentary is to communicate with you about our thoughts…

The Daily – July 8th 2016

July 8th, 2016 Daily Market Commentary   ECONOMIC NEWS The Canadian Unemployment rate reportedly dropped to 6.8% in June, below estimates of 7%. The participation rate in Canada also slightly dropped 0.2% to 65.5%. US Nonfarm payrolls were quoted at 287K, far above estimates of…

The Daily – July 7th 2016

July 7th, 2016 Daily Market Commentary   ECONOMIC NEWS Building permits in Canada were down 1.9% in month-over-month terms, respectively. Initial Jobless claims in the US were 254K, below estimates.   Commodities: Oil extended gains as U.S. industry data showed the nation’s crude stockpiles fell last…

The Daily – July 6th 2016

July 6th, 2016 Daily Market Commentary   ECONOMIC NEWS International Merchandise Trade in Canada was reported at -$3.28B, below expectations. The Redbook Index, which measures same-store sales of US general merchandising companies, was reportedly down 0.9% and up 0.6% in month-over-month and year-over-year terms, respectively….

The Daily – July 5th 2016

July 5th, 2016 Daily Market Commentary   ECONOMIC NEWS Retail Sales in the EU were up 0.4% and 1.6% in month-over-month and year-over-year terms, respectively. The Markit Services PMI for the Eurozone was listed at 52.8, above estimates. The Markit Services PMI for the UK…

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