Thanks, US economy!
The price of U.S. oil prices rose to a one-month high Wednesday after a government report showed a large drop in crude stockpiles.
Boomer exodus to hit economy
Apparently, according to Royal Bank economist Nathan Janzen, the coming baby boom retirement shock is already a factor in the economy.
Tough times for Quebec
Time to get serious in Quebec.
Canadians predict higher home prices
The number of Canadians predicting higher home prices in their neighbourhood remained above 40% in the latest polling by Bloomberg and Nanos Research.
Traders attempt currency manipulation
Also in Germany: BaFin, the German securities regulator, said it found “concrete evidence” that traders attempted to manipulate the global currency market.
Real estate creating global risk
A member of the German central bank is warning that a combination of generous central bank policies and investors’ search for yield in a low-interest rate environment is creating risks.
China and Russia strike gas deal
In other Chinese-related investment news a decade-long negotiation over natural gas supply results in a major new deal signed between China and Russia.
Chinese Market riles investors
This morning: The mysterious “floor” in the Chinese stock market, a decade of negotiations over natural gas, German securities regulators worry about low interest rates, currency market manipulation, Canadian consumers revel in low interest rates.
Morning Newswire: What's Lowflation? | Canadians bearish on economy | Spanish lynchpin pulled |
Canadians are overestimating the weakness of the economy; Bank of England is worried about redemption risk; rising interest rates could sink housing sector in the UK; Financial Times picks up on new term, “lowflation”; Andrea Horwath wants a debate on the Ontario economy; Spain may actually be in recovery
New Dundee strategic alliance
PPI, a national marketer of insurance solutions, and Dundee Goodman Insurance Agency Ltd. announced a strategic alliance yesterday.