Canada retail sales rose 0.6% m/m in June to CAD 74.3bn, beating expectations for 0.4% and following a revised 1.1% gain in May. Sales increased in seven of nine subsectors. More importantly, core retail sales excluding gasoline and motor vehicles rose 1.2%, extending their advance for a second month. In volume terms, total retail sales […]
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US long-term Treasury yields reached their highest levels since 2007. Higher oil prices revived concerns about inflation and the Federal Reserve’s policy outlook. The Treasury doubled the scale of its long-term bond buyback programme. The Read more…
The USD index is falling against a favourable backdrop. Eroding confidence in the Fed is weighing on the US dollar. The US dollar is trying to find its footing as Treasury bond yields stabilise. Scott Read more…
A worker earning $60,000 a year could lose about $1,326 in annual take-home pay if Congress raises payroll taxes to shore up Social Security. That money could come from the same paychecks used to fund Read more…