The Daily – July 22nd 2014

July 22nd Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in the U.S. was reportedly in line with estimates for June, up 0.3% and 2.1% in month-over-month and year-over-year terms, respectively. The Consumer Price Index Core, however, which excludes the price of food…

The Daily – July 21st 2014

July 21st 2014 Daily Market Commentary   ECONOMIC NEWS The Chicago Fed National Activity Index was reported at 0.12 The Producer Price Index in Germany was reportedly flat and down 0.7% in month-over-month and year-over-year terms, respectively. Both figures were in line with estimates. Commodities:…

The Daily – July 18th 2014

July 18th 2014 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in Canada was reportedly up 0.1% and 2.4% in month-over-month and year-over-year terms, respectively. Both reports were above estimates. The Consumer Price Index Core in Canada was reportedly down 0.1% and up…

The Daily – July 17th 2014

July 17th 2014 Daily Market Commentary   ECONOMIC NEWS Canadian Portfolio Investment in foreign securities was reported at $2.03B. Foreign portfolio investment in Canadian securities was reported at $21.43B, far above estimates of 14.23B. Building Permits in the U.S. were reported at 0.936M, and Housing…

The Daily – July 16th 2014

July 16th 2014 Daily Market Commentary   ECONOMIC NEWS Manufacturing Shipments in Canada were reportedly up 1.6%, above estimates o f1%. MBA Mortgage Applications in the U.S. were reportedly down 3.6%. The Producer Price Index in the U.S. was reportedly up 0.4% and 1.9% in…

The Daily – July 15th 2014

July 15th 2014 Daily Market Commentary   ECONOMIC NEWS Retail Sales in the U.S. were reportedly up 0.2%, below estimates of 0.6%. The Export Price Index in the U.S. was reportedly down 0.4% and up 0.2% in month-over-month and year-over-year terms, respectively. The Import price…

The Economics of LeBron’s Homecoming

  Few sporting stories have the power to bridge political and cultural divides. Typically, stories about sport tend to be about one of two things: stories of victory or of scandal. We can collectively celebrate the accomplishments of Canadian tennis prodigy Genie Bouchard or we…

The Daily – July 14th 2014

July 14th 2014 Daily Market Commentary   ECONOMIC NEWS Industrial production in the Eurozone was reportedly down 1.1% and up 0.5% in month-over-month and year-over-year terms, respectively. Industrial Production in Japan was reportedly up 0.7% and 1% in month-over-month and year-over-year terms, respectively. Commodities: West…

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