Currencies

Markets more confident Fed balance sheet drawdown has room to run

Financial markets are heading into this week's Federal Reserve meeting with more clarity over the outlook for the U.S. central bank's ongoing balance sheet drawdown than they've had in a while, and...

Tight credit conditions add to case for Fed interest-rate cut

The Federal Reserve has plenty of reasons to deliver a widely expected interest rate cut on Thursday, including a decline in inflation and a cooling in labor markets that makes it harder for Americans...

Toronto home sales in October rise at fastest pace this year, new listings fall

Home sales in the Greater Toronto Area, the biggest urban region in Canada, rose sharply in October on a month-to-month basis, data showed on Wednesday, posting the biggest increase since December...

Bank of Canada members do not see need for interest rate to be as restrictive, minutes show

The Bank of Canada's governing council felt its key borrowing cost was not needed to be as restrictive ahead of its Oct. 23 decision to cut rates as it was confident that upside pressures on inflation...

US service sector activity accelerates to more than 2-year high

U.S. services sector activity unexpectedly accelerated in October to a more-than two-year high, and employment strengthened, more evidence that the economy is in solid shape as the nation heads to the...

Canada's services PMI shows return to growth in October

Canada's services economy expanded for the first time in five months in October as the amount of new business increased and confidence in the outlook improved, S&P Global Canada services PMI data...

Canada posts higher than expected trade deficit of C$1.26 billion in Sept

Canada posted a higher than expected trade deficit of C$1.26 billion in September as a larger drop in imports failed to offset a drop in exports, data showed on Tuesday. The September...

Brazil's Itau Unibanco posts 18% increase in Q3 recurring profit

Brazil's Itau Unibanco, Latin America's largest private lender, on Monday posted a 18% increase in its third-quarter net recurring profit from a year earlier. Itau reported a 10.68...

Global equity funds see first weekly outflow in five weeks on caution ahead of US elections

Investors withdrew money from global equity funds in the week ended Oct. 30, amid caution ahead of Tuesday's U.S. presidential election and the Federal Reserve's policy decision later in the week. ...

Recent data has kept Fed rate view, soft landing, intact

A data-heavy week has kept the U.S. Federal Reserve's core view intact of an economy where price pressures continue to ease and the job market continues to bend but not break amid ongoing economic...

Bank of Canada starts registration of payment service providers

The Bank of Canada on Friday started registering payment service providers as part of a plan to bring them under its regulation and promote secure and reliable digital transactions. ...

Canadian manufacturing PMI rises to 20-month high in October

Canadian manufacturing activity increased at a faster pace in October as production and employment picked up in anticipation of rising orders, data showed on Friday. The S&P Global...

Dax investors keep a low profile ahead of US labor market data

In anticipation of important US economic data, Dax investors were hesitant on Friday. The leading German index climbed 0.3 percent to 19,138 points at the opening. At midday on Friday ,...

Brazil's strong labor market fuels inflation fears ahead of expected rate hike

SAO PAULO -Brazil's labor market is posting blockbuster numbers ahead of a central bank rate decision next week, amid bets that the country's rate-setting committee will need to speed up monetary...

US third-quarter labor costs growth smallest in more than three years

U.S. labor costs recorded their smallest increase in more than three years in the third quarter amid cooling wage growth, indicating that inflation was firmly on a downward trend. The...

Canada's economy likely missed central bank's third quarter growth forecast

Canada's gross domestic product was unchanged in August before likely expanding by 0.3% in September, data showed on Thursday, indicating the economy missed the central bank's growth forecast for the...

BOJ keeps interest rates steady, roughly maintains price forecasts

The Bank of Japan kept interest rates steady on Thursday and roughly maintained its forecast that inflation will hover near its 2% inflation target in coming years, signalling its readiness to...

BOJ to keep rates steady as politics muddles outlook

The Bank of Japan is expected to maintain ultra-low interest rates on Thursday and signal a cautious approach to rolling back its massive monetary stimulus, as political uncertainty and jittery...

Bank of Canada governor says business sentiment will pick up over next year

Bank of Canada Governor Tiff Macklem said on Wednesday that business sentiment in the country will pick up over the next year. Macklem made the comments during his testimony to the...