The Daily Commentary

   

The Daily – September 9th, 2016

September 9th, 2016 Daily Market Commentary   ECONOMIC NEWS The unemployment rate in Canada was reported up at 7%, up from 6.9%. The Baker Hughes Rig Count was listed at 414, up from 407. Commodities: Oil trimmed its weekly gain after the biggest U.S. stockpile slump…

The Daily – September 8th, 2016

September 8th, 2016 Daily Market Commentary   ECONOMIC NEWS The new housing price index in Canada was reportedly up 0.4% and 2.8% in month-over-month and year-over-year terms, respectively. Building permits in Canada were up 0.8% in month-over-month terms, far below estimates. Initial jobless claims in…

The Daily – September 7th, 2016

September 7th, 2016 Daily Market Commentary   ECONOMIC NEWS The Bank of Canada maintained their key interest rate at 0.5%. Commodities: Brent crude rebounded as Iran’s president said he supports efforts to stabilize oil prices after Saudi Arabia and Russia agreed this week to try to…

The Daily – September 6th, 2016

September 6th, 2016 Daily Market Commentary   ECONOMIC NEWS The ISM Non-Manufacturing PMI was quoted at 51.4, below estimates of 55. Commodities: Gold held a three-day advance as prospects for a U.S. interest-rate increase this month receded and holdings in bullion-backed funds rebounded. Brent oil dropped after…

The Daily – September 2nd, 2016

September 2nd, 2016 Daily Market Commentary   ECONOMIC NEWS Labor Productivity in Canada was reportedly down 0.3% in quarter-over-quarter terms. The Unemployment Rate in the US was quoted at 4.9%, slightly above estimates. Average hourly earnings were reportedly up 2.4% in year-over-year terms. The Baker…

The Daily – September 1st, 2016

September 1st, 2016 Daily Market Commentary   ECONOMIC NEWS Initial Jobless claims in the US were quoted at 263K, slightly below estimates. The Markit Manufacturing PMI was quoted at 52, slightly below analyst estimates. The ISM Manufacturing PMI was quoted at 49.4, also below estimates….

The Daily – August 31st, 2016

August 31st, 2016 Daily Market Commentary   ECONOMIC NEWS Canada’s GDP was up 0.6% in month-over-month terms in June, slightly more than expected. Quarter-over-quarter annualized GDP in Canada was down 1.6%, slightly less than expected. Pending Home Sales in the US were up 1.3% and…

The Daily – August 30th, 2016

August 30th, 2016 Daily Market Commentary   ECONOMIC NEWS Consumer Confidence in the US was reported at 101.1, above estimates. The S&P Case Shiller Indices were up 5.1% in year-over-year terms, slightly below estimates. The Redbook Index, which measures same-store sales growth of US general…

The Daily – August 23rd, 2016

August 23rd, 2016 Daily Market Commentary   ECONOMIC NEWS New Home Sales in the US were up 654K in month-over-month terms, above estimates. The Markit Manufacturing PMI in the US was reported at 52.1, slightly below estimates. The Redbook Index, which measures same-store sales of…

The Daily – August 22nd, 2016

August 22nd, 2016 Daily Market Commentary   ECONOMIC NEWS Wholesale sales in Canada were up 0.7% in month-over-month terms, above estimates. The Chicago Fed National Activity Index was quoted at 0.27. Commodities: Oil fell after the longest run of gains in four years as Iraq sought…

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