Friend or Foe?

Like many others, the staff at MacNicol and Associates enjoy starting off our day with a warm cup of coffee and some morning reading. Well, we usually enjoy it. David Ignatius’ Op-Ed in the Washington Post made for a particularly poor start to our morning….

The Daily – June 20th, 2014

June 20th, 2014 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in Canada was reportedly up 0.5% and 2.3% in month-over-month and year-over-year terms, respectively. Both reports were above estimates. The core CPI in Canada, which excludes the effects of energy and food…

The Daily – June 19th, 2014

June 19th, 2014 Daily Market Commentary   ECONOMIC NEWS Initial Jobless Claims in the U.S. were reported at 312K, below estimates of 314K. Continuing Jobless Claims were reported at 2.561M, below estimates of 2.6M. The Philadelphia Fed Manufacturing Survey was reported at 17.8, above estimates…

The Daily – June 18th, 2014

June 18th, 2014 Daily Market Commentary   ECONOMIC NEWS MBA mortgage applications in the U.S. were reportedly down 9.2%. The Current Account in the U.S. for the first quarter was reported at -$111.2B. Wholesale Sales in Canada were reportedly up 1.2% in month-over-month terms, above…

Ukraine and Russia Revisited

It was 8 days ago that John Oliver’s 13-minute evisceration of FIFA went viral on YouTube; the clip raised doubts about the legitimacy of the World Cup, and fears emerged about disaster in Brazil. Skepticism and concern would appear to be short lived, however, as…

The Daily – June 17th, 2014

June 17th, 2014 Daily Market Commentary   ECONOMIC NEWS Building permits in the U.S. were reportedly up 0.991M in month-over-month terms, below estimates of 1.055M. Housing Starts in the U.S. were reportedly up 1.001M in month-over-month terms, slightly below estimates of 1.050M. The CPI in…

How Conservative Inferioirity Became a Liberal Majority

Thursday night, Ontario voters took to the polls to elect a new Provincial legislature. To the surprise of many, Kathleen Wynne and her Liberal party emerged victorious with a strong majority at Queens Park. While Wynne had frequently topped the polls during the 40-day campaign,…

The Daily – June 16th, 2014

June 16th, 2014 Daily Market Commentary   ECONOMIC NEWS Foreign portfolio investment in Canadian securities was reported at $10.13B, almost more than double estimates of $4.27B. Canadian Investment in foreign securities was listed at $2.49B. The NY Empire State Manufacturing Index was reported at 19.28,…

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