Canadian Consumers perceive higher inflation ~ Bank of Canada

OTTAWA — A sizable segment of the Canadian population believe inflation is higher than the actual measured rate, and that is partly attributed to a run up in housing prices in major Canadian cities, a senior Bank of Canada official said. Lawrence Schembri, a deputy governor at the central bank, said the central bank must […]

Canadian Factory Sales Climb By Record 20.7% in June – Statistics Canada

OTTAWA–Canadian manufacturing sales surged in June, posting a record performance, as factories revved up production following a pandemic-induced plunge. Still, shipments remain well below pre-pandemic levels, and the outlook is clouded by a slowdown in the U.S.–Canada’s biggest export market–as some jurisdictions grapple with a rise in confirmed cases of Covid-19. Manufacturing sales rose 20.7% […]

NZD/JPY up, USD/JPY and GBP/USD challenged by Key Resistances

On Friday, U.S. markets were closed in observance of Independence Day. Spot gold price was little changed at $1,775 an ounce. For as early as 7:13 this morning, Dow Jones Newswires released a report regarding AUD/USD could come under pressure this week because of concerns about a worsening of the diplomatic relationship between China and Australia, […]