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Canadian Highlights The Canadian dollar edged higher this week as dovish comments by Federal Reserve Chair Powell weighed on the greenback. A softer dollar also supported oil prices, with the benchmark WTI up close to 5% from its close last week to just shy of $70 a barrel (as of writing). It was a light …
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U.S. Highlights Concerns about Turkey drove market volatility this week, but U.S. equity markets managed a rebound. Strong retail sales and historically-high small business optimism suggest a strong economic expansion in the U.S. this quarter. Although concerns eased by week’s end, Turkey is not out of the woods yet. It remains in the early stages …
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U.S. Highlights The U.S. economy generated solid job growth in July with payrolls expanding by 157k (170k private). The unemployment rate edged down to 3.9% (from 4.0%) and the core (25-54) labor force participation rate moved higher. Tariff concerns were once again in the spotlight. While the U.S. and EU called a truce, the battle …
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U.S. Highlights U.S. economic growth topped 4% in Q2 for the first time since 2014. Consumer spending bounced back and resumed its leader status, but non-residential investment (+7.3%) and net exports also provided a helping hand. Residential investment remained a soft spot, falling 1.1% in the quarter. Housing data out this week added to the …
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   U.S. Highlights Economic data was a mixed bag this week: retail sales were a bright spot, but housing starts unexpectedly plunged in June. Trade developments continued to make headlines, with Donald Trump announcing he was prepared to extend duties on $500bn of imports from China – roughly the value of all China’s imports into …
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