Consumer Prices Tumble in Japan
Consumer prices in Japan tumbled by a record 1.7 percent in June prompting the Bank of Japan to unanimously vote to keep interest rates unchanged at 0.1 percent. More
Canadian Housing Starts Fall 4.1% in July
The number of new housing starts in Canada fell by 4.1 percent in July to a seasonally adjusted annualized rate of 132,100 units. This was below analyst predictions of 145,000 starts. More
Canadian Dollar Continues to Fall
The Canadian dollar opened on a down note for the fourth straight day – its longest losing streak since January.
Ã¢â‚¬Å“The market is somewhat skittish about being too long Canadian dollar and being too short the dollar,Ã¢â‚¬Â said Jack Spitz, managing director of foreign exchange at National Bank of Canada in Toronto. Ã¢â‚¬Å“The market is looking to sideline positions ahead of a very large slate of tier 1 economic data including the Fed announcement tomorrow.Ã¢â‚¬Â More
Demand in China Lifts Oil Prices
Renewed demand for oil in China resulted in the importing of a record 4.62 million barrels a day during the month of July. The news lifted the price of US crude by 44 cents to $71.04 by 1213 GMT (8:13 a.m. EDT). London Brent crude gained 33 cents to $73.83. More
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