Basix Hedge News - U.S. economy


David Rosenberg: U.S. economy in 2014 has more upside than many think

Few people, it seems, see a better U.S. economy is at hand. But make no mistake, the upside for next year from a business or...

U.S. rebound expected to provide boost to some provincial economies

Increasingly, Canada’s economic recovery hinges on the strength of the much-ballyhooed rebound south of the border. The signs are there, now all we need is...

Closing Bell: TSX closes little changed in wake of nuclear deal with Iran

The Toronto stock market closed little changed Monday as energy prices and stocks declined further after Iran and world powers arrived at an agreement about...

11.25.13: Looking for a stock market pullback? Don’t bother this year

The question isn’t so much what will propel stocks to new records, but rather what, if anything, might stop them

What you need to know before markets open

Investors are treading water this morning ahead a slew of economic data and the Fed minutes. Here's what you need to know

How ‘Bernankecare’ is causing parts of the stock market to behave strangely

The Fed’s near-zero interest rate turns five years old next month, the longest period without an increase in history. Coupled with more than US$3 trillion...

Canadian bank stocks poised to benefit from U.S. economic recovery: Desjardins

In a note to clients Friday, Michael Goldberg said recent economic reports on jobs and house prices in the United States are likely to drive...

Federal Open Market Committee’s official statement: Oct. 30, 2013

The Federal Reserve extended its support for a slowing U.S. economy on Wednesday, saying it will keep buying $85 billion in bonds per month for...

Here’s how markets will move in the first half hour after the U.S. jobs report, according to SocGen

Société Générale economist Brian Jones doesn’t stop at a prediction for how many jobs were created, he also predicts exactly how markets will move immediately...

10.21.13: Just how weak is Canada’s economy?

On Wednesday, Canada's central bank will release its latest policy statement, which comes on the heels of lacklustre employment growth and flat-lined inflation

Global economy set to ‘turn a corner’ in 2014, CIBC’s Shenfeld says

CIBC World Markets chief economist Avery Shenfeld also said Canada doesn't have a housing debt problem, and expects the Bank of Canada to raise rates...

U.S. economy growing at ‘modest to moderate pace’: Fed Beige Book

Four of the 12 Federal Reserve districts reported slower economic growth while eight others said the expansion held steady amid 'uncertainty' stemming from the U.S....

How the U.S. debt crisis is hurting Canadians’ confidence in the economy

The failure to reach a debt ceiling deal could push the world’s biggest economy into default, and threaten the well-being of other countries, most directly...

U.S. government shutdown drains US$1.6-billion from economy as businesses suffer

As the showdown enters its eighth day, the office closures are now draining an average of US$160-million each workday from the US$15.7-trillion economy, and businesses...

Capital markets to grow despite U.S. shutdown

The impasse in Washington surrounding the budget/debt ceiling poses the greatest near-term threat to stocks, but any economic disruption will be modest, and investors should...

David Rosenberg: Why the Fed isn’t tapering — yet

The reality is that the economy and the labour market have not performed as well as the Fed had thought a few months back. The...

U.S. Senate approves bill averting government shutdown, but stalemate with House continues

It remains unclear whether the Senate and the Republican-run House will be able to complete a compromise bill in time to get it to President...

U.S. jobless claims’ drop to 6-year low could tip the scales for Fed tapering

The number of Americans filing new claims for jobless benefits fell last week to a near six-year low, bolstering the case for the Federal Reserve...

Closing Bell: TSX closes higher amid declining commodities, budget battle uncertainty

The Toronto stock market closed modestly higher Tuesday even as commodity prices lost ground amid questions about the economic impact from a looming U.S. government...

This is the only thing that matters in the Fed’s announcement today

Analysis: Markets have already priced in tapering of bond purchases, but if the Fed cuts its unemployment target get ready for a buying spree