The Daily Commentary

   

The Daily – July 18th 2016

July 18th, 2016 Daily Market Commentary   ECONOMIC NEWS Foreign investments in Canadian securities were reported at $14.73B in May, below estimates.   Commodities: Brent crude traded little changed following a failed coup in Turkey as shipments continued through the vital conduit for oil from Russia and…

The Daily – July 14th 2016

July 14th, 2016 Daily Market Commentary   ECONOMIC NEWS The New Housing Price Index in Canada was up 0.7% and 2.7% in month-over-month and year-over-year terms, respectively. The Producer Price Index in the US was up 0.5% and 0.3% in month-over-month and year-over-year terms, respectively….

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 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…

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…

The Daily – July 4th 2016

July 4th, 2016 Daily Market Commentary   ECONOMIC NEWS The RBC Manufacturing PMI for Canada was listed at 51.8. The Producer Price Index for the Eurozone was up 0.6% and down 3.9% in month-over-month and year-over-year terms, respectively. A Sentix survey of Investor Confidence in…

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