Oil demand to slide
Oil prices continue to weaken as the markets factor in lower demand with the end of the North American summer ahead and Asia’s requirements unlikely to increase in the near future
Europe’s biggest risk isn’t Greece
German Chancellor Agnela Merkel says that the biggest risk to the European Union is the current migrant crisis
UK inflation turns positive
Inflation in the UK has rebounded, growing 0.1 per cent in July after flat lining for much of the year so far and turning negative in April
TSX dips on energy, banks
The Toronto Stock Exchange was given a knock by Japan and the US Monday as both produced data that did not impress the markets.
Economists forecast end to ‘technical recession’, mild growth
A survey of economists by Bloomberg predicts that the Canadian economy will grow by 2 per cent in the third quarter and 2.1 per cent in the fourth following a 0.8 per cent decline in the second.
Foreign investors buy more Canadian securities
Figures from Statistics Canada show that foreign investors added $8.5 billion of Canadian securities to their holdings in June following divestments in May of $5.5 billion.
Greece deal, Japan contraction in focus
World markets have shown a mixed performance so far Monday as regional concerns are in focus.
Renewed fighting in Ukraine
Ukrainian government forces and Russian separatists are fighting Monday as the weak ceasefire gave way to violence overnight.
More data eyed for Fed clues
Housing market and starts data together with the minutes of the Fed’s monetary policy committee should provide further clues this week as to the likelihood of the Fed to raise interest rates next month.
TSX manages to end the week positive despite resources
Weak prices and stocks in the resources sector have been driving the Toronto Stock Exchange’s main index lower this week but Friday’s session ended higher