The Daily Commentary

   

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%…

The Daily – March 6th, 2017

March 6th, 2017 Daily Market Commentary       Economic News: Factory orders in the US were up 1.2%, in line with estimates. A Sentix Survey of Investor Confidence in the Eurozone was quoted at 20.7, above estimates. Fourth Quarter GDP apparently fell 1.1% in…

The Daily – March 3rd, 2017

March 3rd, 2017 Daily Market Commentary       Economic News: The Markit Services PMI in the US for February was quoted at 53.8, slightly below estimates. The ISM Non-Manufacturing PMI for the US was quoted at 57.6, above estimates. Retail Sales in the Eurozone…

The Daily – March 2nd, 2017

March 2nd, 2017 Daily Market Commentary       Economic News: Canadian annualized GDP was quoted at 2.6% in quarter-over-quarter terms, above estimates. Initial Jobless Claims in the US were quoted at 223K, below estimates. The European Union Unemployment Rate held steady at 9.6% The…

The Daily – March 1st, 2017

March 1st, 2017 Daily Market Commentary       Economic News: The Bank of Canada announced that it would hold its key interest rate at 0.5%. The US ISM Manufacturing PMI was quoted at 57.7, above estimates. Personal Income in the US was up 0.4%…

The Daily – February 28th, 2017

February 28th, 2017 Daily Market Commentary       Economic News: Annualized US GDP for the fourth quarter was quoted at 1.9%, below estimates of 2.1%. The S&P 500/Case-Shiller Home Prices index grew by 5.6% year-over-year, above estimates. The Chicago Purchasing Manager’s Index was quoted…

The Daily – February 27th, 2017

February 27th, 2017 Daily Market Commentary       Economic News: Pending Home Sales in the US were down 2.8% and up 0.4% in month-over-month and year-over-year terms, respectively. Durable goods orders in the US were up 1.8% in January, above expectations; however, they fell…

The Daily – February 23rd, 2017

February 23rd, 2017 Daily Market Commentary       Economic News: Both Initial and Continuing Jobless claims in the US came in below estimates. German GDP was up 1.7% in year-over-year terms, in line with estimates. Canada: Canadian Imperial Bank of Commerce said fiscal first-quarter profit…

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