Canadian Highlights Markets got bad news this week that Canada’s job market has lost jobs for three consecutive months as of October. This week’s federal budget showed that Ottawa received a windfall and spent it. The deficit outlook improved but longer-term borrowing has increased, raising the debt servicing burden. For the Bank of Canada, the […]
The post The Weekly Bottom Line: The Devil is in the Fiscal Details appeared first on ActionForex.
Wall Street suffered a sharp sell-off: The S&P 500 fell 4.4% and the Nasdaq Composite dropped 5.5%, as concerns about AI infrastructure investment hit technology stocks. Strong employment data complicated the Fed outlook: U.S. payrolls Read more…
Next week, attention turns to Tuesday’s CPI report, with no year-over-year readings available because of last October’s shutdown-related data gap. We expect headline and core inflation to clock 0.28% and 0.21% month-over-month, respectively. Softer core Read more…
Canada’s manufacturing and wholesale sales reports for September next Friday should add to evidence that the economy grew less than expected in Q3. Gross domestic product growth has already flatlined in July and August, and Read more…