Economic Indicators

Decorative pattern

Economic Indicators

U.S. downgrade hurts other bond classes

Debt Crisis Update Despite its resolution, the U.S. debt crisis has dampened investor mood and battered the U.S. financial markets. Fear continues to stalk various asset classes across the board, none more so than municipal and state bonds. The proposed spending cuts at the centre of the debt deal could leave state and local governments […]

By Vikram Barhat |August 23, 2011

3 min read

Decorative pattern

Economic Indicators

Philadelphia Fed data point to recession

If you look at the manufacturing numbers in the Atlantic states, the U.S. is likely already in a recession.

By Philip Porado |August 18, 2011

2 min read

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Economic Indicators

U.S. sees stagnant jobs market, rising inflation

There was some disconcerting economic news out of the U.S. this morning, with job growth stagnating and inflation on the rise.

By Wire services |August 18, 2011

2 min read

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Economic Indicators

German economy stalls as leaders meet

As the markets recover from the downgrade of America’s long-term debt, attention has turned back to the Old World. European leaders are debating the usefulness of a common euro-bond as a means of propping up the increasingly rickety monetary union. The key question is over Eurobonds is who will be left holding the bag on […]

By Wire services |August 16, 2011

2 min read

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Economic Indicators

Global economy in new danger zone: World Bank

The world economy is entering a new “danger zone” with the recent financial market turbulence eroding investor confidence, according to Robert Zoellick, president, World Bank. “It will be important that the primary economic actors take steps, both short and long term, to restore that,” Zoellick told reporters Sunday after addressing the Asia Society in Sydney, […]

By Staff |August 15, 2011

1 min read

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Economic Indicators

Debt downgrade threatens muni bonds

Having narrowly escaped the U.S. debt default blow, the holders of municipal and state bonds were only beginning to breathe easy when the credit rating downgrade rekindled their worst fears. A haircut for these investors may now be inescapable as state and local governments brace for unprecedented budgetary challenges. There could be some blowback on […]

By Vikram Barhat |August 11, 2011

3 min read

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Economic Indicators

Fed to leave rates “near zero” until 2013

There was no mention of a third round of quantitative easing, but the Federal Open Market Committee has announced it will leave interest rates near zero until at least mid-2013. The Federal Reserve has held rates at just 25 basis points since December 2008. Until today, the Fed had said it would keep it low […]

By Staff |August 9, 2011

2 min read

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Economic Indicators

U.S. still creditworthy: Obama

U.S. President Barrack Obama called on Congress to create more jobs and stimulate the economy, while dismissing Friday’s downgrade of the U.S. credit rating by Standard & Poors. “We didn’t need a rating agency to tell us we need a balanced long-term approach to deficit reduction,” he told reporters. “Markets will rise and fall. But […]

By Wire services |August 8, 2011

1 min read

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Economic Indicators

Fed, FDIC still accept U.S. debt

Despite the downgrade of the U.S. government’s credit rating, its bonds remain solid in the eyes of regulators. Almost immediately after the downgrade, the Federal Reserve and the Federal Deposit Insurance Corporation released a joint statement directed at banks, savings associations, credit unions, and bank and savings and loan holding companies. “For risk-based capital purposes, […]

By Staff |August 8, 2011

1 min read

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Economic Indicators

Currency markets shrug off U.S. downgrade

The historic decision by Standard & Poor’s to downgrade the U.S. credit rating may have created scandalous headlines, but currency markets were quick to price it in—shockingly in favour of the greenback. And that trend may continue, according to industry participants in the Canadian financial market. From a currency standpoint, the first-ever downgrade of the […]

By Vikram Barhat |August 8, 2011

4 min read

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