by Arnold Joe
Loading ...Economics:
Canada’s April inflation numbers increased to 0.8% for the month and 1.7% year over year. Canada reported food increased 0.8% in the month and energy prices increased 6.0% (this contrast to the US which strangely enough showed no change in energy prices). Although the year over year numbers are low relative to the other […]
Interest Rates:
The FOMC did as expected and cut short term interest rates by 25 basis points and as you would expect they also signaled their concern about inflation even though fighting inflation isn’t their priority.
Economics:
Stagflation from the US might be spreading to Canada as monthly GDP in February dropped 0.2% and the industrial producer price […]
Housing:
There were more negative housing statistics released this morning. The most reliable measure of housing prices is the S&P Case/Shiller Home Price Index. The index (for 20 cities) reported that y/y prices were down 12.7% for February. This represents the biggest fall since the index was created. For the month, the price decline accelerated to […]
There’s lots of talk about what Helicopter Ben Bernanke and the FOMC will decide to do with short term interest rates next week. Apparently the market is no longer pricing in a 50 basis point cut in rates with some economists expecting only 25 or even no rate cuts. My feeling is that Helicopter Ben […]
