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HIGHLIGHTS OF THE WEEK – July 4 United States• Some stability has returned to financial markets this week, following post-Brexit selloff. Volatility has subsidedand equities rallied, with the S&P 500 erasing much of its Brexit-related losses.• Economic data were also encouraging. Personal spending rose by a solid 0.4% m/m in May, coming onthe heels of …
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Q2 2016 Bank Earnings – Mortgage Morsels Canada’s Big 6 banks have wrapped up another earnings season, raking in more than $8.5 billion in the second quarter. Among the highlights: Most of the banks anticipated losses from the Fort McMurray wildfire, but nothing headline-making. Scotia and TD both reported small declines in their residential mortgage …
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HIGHLIGHTS OF THE WEEK – June 27United States• Markets were on tenterhooks all week in anticipation of the British referendum, with anxiety turning topanic overnight as Britain, in a historic vote, decided to leave the European Union (EU).• Central banks announced readiness to deal with any fallout related to potential liquidity shortages, helpingstem near-term pressures …
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HIGHLIGHTS OF THE WEEK – June 20 United States• Global bond yields continued to drop this week, with the German 10-year yield moving negative for thefirst time and the U.S. 10-year dipping as low as 1.54% before edging up slightly at the end of the week,pulled down by “Brexit” fears.• The Federal Open Market Committee …
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HIGHLIGHTS OF THE WEEK – June 20United States• Global bond yields continued to drop this week, with the German 10-year yield moving negative for thefirst time and the U.S. 10-year dipping as low as 1.54% before edging up slightly at the end of the week,pulled down by “Brexit” fears.• The Federal Open Market Committee left …
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HIGHLIGHTS OF THE WEEK – June 15 United States • Sparse economic data this week has left market participants dwelling on last Friday’s very weak jobs report. • Chair Yellen’s speech on Monday did not reiterate the previously used phrase that the FOMC is considering a rate hike ‘in the coming months’, leaving markets confident …
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