Oil slips as stockpiles increase, TSX jumps anyway... Interest rates held as stronger global economy is forecast... Debt, delinquency rates rise in oil producing provinces...
European markets are trading down so far Tuesday following reports that more banks may be investigated by US authorities for breaking trade sanctions.
There are two key indicators for the housing market due this week; and predictions are that they will see some cooling after the prolonged hot spell.
It means lower costs for immigrants sending money home, but is also a weakness that could assist drug traffickers and terrorists and now money transfers are harder to come by.
The Argentine government announced late yesterday that the country’s Economy Minister will be in New York today, heading a team that is hoping to settle the long running dispute over hedge fund debts.
The better-than-expected jobs data last Thursday saw the Dow Jones index break through the 17,000 mark, the latest in a trend of highs for US stocks.
The dollar continues its strong position this morning following a recent upward trend.
It’s of concern to authorities in the US as an increasing number of our biggest companies are looking to sidestep domestic tax rates by moving their tax base to lower-tax jurisdictions.
The latest export figures show a larger-than-expected 3.5 per cent growth in May, a sign that the economy is improving.
Mutual funds, frequently the favored route for retail investors have seen their greatest net outflows in six months.
It’s generally quieter today as the New York Stock Exchange is closed for Independence Day, but following yesterday’s positive jobs data from the Labor Department and reassurances of cheap money from the European bank, the world’s markets have been on a high.