10 Second Headlines

Oct. 24, 2014

CANADA Bank of Canada (BOC) says the inflation projections are ‘roughly balanced’ however the report highlighted the risks of a weak global economy. BOC remained positive on US economy saying it was ‘gaining traction’.… Read More

Oct. 17, 2014

CANADA Canadian September CPI came in as expected at 2% Y/Y. Core inflation stayed at 2.1%, as expected. Shelter costs increased 2.7%, natural gas increased 16.2% and food increased 2.7%. Teranet-National Bank House Price… Read More

Oct. 10, 2014

CANADIAN EMPLOYMENT DATA Unemployment dropped to 6.8%, the lowest since December 2008, down from 7% in August. Alberta’s unemployment dropped to 4.4% from 4.9%. 74,100 jobs added in Canada, the most since May 2013.… Read More

Oct. 3, 2014

US EMPLOYMENT US employers added 248,000 jobs in September vs expectations of 215,000. The unemployment rate fell to 5.9% (the lowest since July 2008) from 6.1%. Average Hourly Earnings were unchanged M/M and up… Read More

Sept. 19, 2014

US FEDERAL RESERVE, CPI, The Federal Reserve (Fed) continued to taper its bond buying program which is on target to end this October 2014. The Fed reiterated that they will keep interest rates low… Read More

Sept. 12, 2014

CANADIAN HOME PRICES Teranet-National Bank National Composite House Price Index rose 0.8% in August. Top 3: Winnipeg +1.8%, Ottawa-Gatineau +1.5%, Toronto +1.2%. Calgary July house prices were up 6.7% Y/Y while Edmonton’s were flat.… Read More

Sept. 5, 2014

EMPLOYMENT DATA Canada Canada lost 11,000 jobs in August M/M (forecast of 10,000). Unemployment rate stayed at 7%. Y/Y Canada added 81,300 jobs (0.5%). Participation rate was 66%, the lowest since November 2001. Alberta… Read More

Aug. 29, 2014

CANADIAN GDP Canadian GDP grew the most in 3 years at 3.1% Q2 vs expected 2.5%. Disposable income grew 2.3% Y/Y but fell 0.7% in real terms (after inflation). Savings rate dropped to 3.9%,… Read More

Aug. 22, 2014

FED CHAIR, JANET YELLEN’S, JACKSON HOLE CONFERENCE CALLS FOR ‘PRAGMATIC POLICY’ There is “no simple recipe” for appropriate policy in the current US labor market context. The degree of remaining labor slack is still… Read More

Aug. 8, 2014

CANADIAN EMPLOYMENT DATA Canada added net 200 jobs in July. 60,000 full-time jobs were lost while 60,200 part-time jobs were added. The unemployment rate declined to 7% from 7.1% M/M. Employment gains in the… Read More