by Arnold Joe
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Economics:
There were lots of weak US economic numbers released today. Industrial production in April fell 0.7%, capacity utilization dropped to 79.7%, the Philly Fed index contracted again with another negative reading of 15.6, the New York Empire manufacturing index fell to negative 3 while the prices paid component posted a large increase to another record […]
Economics:
Canada’s employment added 19,000 in April but saw its unemployment rate climb to 6.1% from 6.0%. Details were on the weak side as the important manufacturing sector lost another 15,000 jobs and the private sector lost another 8,000 positions. Most of the new jobs were in the self-employed and services industry which tend […]
Should North American investors be investing based on an economic environment that is recessionary or inflationary?
As mentioned previously, the US economy seems to be in a bull market as bad news (such as housing or employment stats) results in rising stock markets. If the market responds to bad news by pushing up the stock […]
Economics Recap:
The US manufacturing index for April was 48.6 same as the previous month. Readings less than 50 means the sector is shrinking, while readings greater than 50 mean the sector is expanding. This is the 3rd reading in a row where the manufacturing sector has shrunk. As mentioned many times before, this isn’t at […]
Recap:
Dow was up 1, TSX up 16. Merrill Lynch wrote down another $6.5 billion and posted its 3rd straight loss, 3000 jobs to be cut. On a positive note, Google’s profit rose 30%.
Economics:
Canada’s inflation for March was up 0.4% on a m/m basis and up only 1.4% on a yearly basis; this represents a 14 […]
