The Daily Commentary

   

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 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…

The Daily – July 11th 2014

July 11th 2014 Daily Market Commentary   ECONOMIC NEWS The Canadian unemployment rate was reported at 7.1%, slightly above estimates of 7%. The net change in employment in Canada was reported at -9.4K, far below estimates of a 20K gain. The participation rate in Canada…

The Daily – July 10th 2014

July 10th 2014 Daily Market Commentary   ECONOMIC NEWS The New Housing Price Index in Canada was reportedly up 0.1% and 1.5% in month-over-month and year-over-year terms, respectively. The Initial Jobless Claims in the U.S. were reported at 304K, below estimates of 316K. Continuing Jobless…

The Daily – July 9th 2014

July 9th 2014 Daily Market Commentary   ECONOMIC NEWS Housing Starts in Canada were reported at 198.2K, above estimates of 189K. MBA Mortgage Applications in the U.S. were reportedly up 1.9%. The Consumer Price Index in China was reportedly down 0.1% and up 2.3% in…

The Daily – July 8th 2014

July 8th 2014 Daily Market Commentary   ECONOMIC NEWS The Redbook index, which measures same-store sales growth in U.S. general merchandisers, was reportedly down 1.2% and up 6% in month-over-month and year-over-year terms, respectively. The NFIB Business Optimism Index for the U.S. was reported at…

The Daily – July 7th 2014

July 7th 2014 Daily Market Commentary   ECONOMIC NEWS Building Permits in Canada were reportedly up 13.8%, above estimates of a 3% increase. The Sentix survey of Investor Confidence for the Eurozone was reported at 10.1, above estimates of 7.5. Commodities: Brent traded at the…

The Daily – July 3rd 2014

July 3rd 2014 Daily Market Commentary   ECONOMIC NEWS Great-West Lifeco Inc., one of Canada’s cheapest stocks, is hunting for more acquisitions to expand its money-management business in the U.S. and Europe. Great-West, Canada’s second-biggest insurer with more than C$806 billion ($756 billion) in assets…

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