I have been more bullish on the Canadian economy than most. I have expected a higher Loonie because of this. The Loonie has broken above the downtrend line from the May 2015 high and the 50 day moving average is approaching the 200 ma from below. A break above 77US cents would confirm the bullish […]
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Update on the Canadian Economy
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US Economic Update
US Economic Update The American Iron and Steel Institute reported that steel production has been strong: In the week ending on January 28, 2017, domestic raw steel production was 1,736,000 net tons while the capability utilization rate was 73.3 percent. Production was 1,607,000 net tons in the week ending January 28, 2016 while the capability […]
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Wage Inflation?
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US Economic Update
Richmond Fed Truck sales still in an uptrend, yet testing the trend line from the recession low. Richmond Fed Manufacturing expanding after a false breakdown. Richmond Fed Services doing well. Richmond Fed Expenditures and Disposable Income growing. Richmond Fed Hours worked keeps on rising. The US economy may not be growing at rate that is […]
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Wage Gains Attracting Labour Market Participants
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