After slowing below 2% in Q3/2010, the Canadian economy hit a nice stride late last year as global and U.S. activity picked up. Economic growth rebounded to a solid 3.3% in Q4/2010. The January real GDP data suggest that economic growth for Q1/2011 will surpass that. Signs of softness may
Canadian Economy Roars into 2011
March - 31 - 2011
EUR/USD Surges Higher on Stronger than Expected CPI Data
March - 31 - 2011
The flash, or preliminary, estimate for March’s Euro-zone consumer prices climbed to an annual pace of 2.6%, the highest level since October 2008, just before the collapse of Lehman Brothers ushered in the Great Recession. The CPI was at 2.4% in February.
EUR/USD Surges Higher on Stronger than Expected CPI Data
March - 31 - 2011
The flash, or preliminary, estimate for March’s Euro-zone consumer prices climbed to an annual pace of 2.6%, the highest level since October 2008, just before the collapse of Lehman Brothers ushered in the Great Recession. The CPI was at 2.4% in February.
U.S. Initial Jobless Claims Fall in the Latest Week
March - 31 - 2011
Initial unemployment insurance claims fell 6,000 to 388,000 for the week ending March 26, 2011, more than reversing the previous week’s 4,000 increase to an upwardly revised 394,000 level (initially reported as 382,000). The level of claims in the latest week came in slightly above market expectations for a 380,000
U.S. Initial Jobless Claims Fall in the Latest Week
March - 31 - 2011
Initial unemployment insurance claims fell 6,000 to 388,000 for the week ending March 26, 2011, more than reversing the previous week’s 4,000 increase to an upwardly revised 394,000 level (initially reported as 382,000). The level of claims in the latest week came in slightly above market expectations for a 380,000
Canadian January GDP Shows Solid and Expected Strength
March - 31 - 2011
GDP output in January 2011 rose an expected 0.5% following a similar-sized gain in December 2010. The strong monthly increase was once again led by a sizeable 1.1% rise in goods-producing industries following a 1.0% rise in December. Output in service-producing industries rose as well although by a more moderate
Canadian January GDP Shows Solid and Expected Strength
March - 31 - 2011
GDP output in January 2011 rose an expected 0.5% following a similar-sized gain in December 2010. The strong monthly increase was once again led by a sizeable 1.1% rise in goods-producing industries following a 1.0% rise in December. Output in service-producing industries rose as well although by a more moderate
European Session Review
March - 31 - 2011
Early in London, the U.S. dollar fell against all the European currencies. The euro appreciated 0.7 percent against the U.S. currency to 1.4223, as of 8:01 a.m. EST, after reports showed the German unemployment rate fell 0.2 percent to 7.1 percent and euro-region inflation unexpectedly accelerated to 2.6 percent versus