US personal income grew 10.5% in Apr, spending dropped -13.6

US personal income grew 10.5% mom, or USD 1.97T in April, versus expectation of -7.0% mom…

Canada GDP contracted -7.2% in Mar, prelim data points to -11% decline in Apr

Canada GDP tumbled a massive -7.2% mom in March, but was better than expectation of -9.0%…

Euro Power Continues, Follow by Yen on Mild Risk-Off

Markets are in mild risk off mode before weekly close, awaiting US President Donald Trump’s “interesting”…

Jaw-Dropping Canada GDP Declines in March/April

GDP declined 7.2% in March and 8.2% (annualized rate) in Q1 Advance April GDP estimate at…

Canada: COVID-19 Makes Its Mark on Q1 GDP 

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US durable goods orders dropped -17.2%, ex-transport orders dropped -7.4%

US durable goods orders dropped -17.2% to USD 170.0B in April, better than expectation of -18.1%.…

US Q1 GDP contraction revised down to -5.0% annualized

According to second estimate, US GDP contracted -5.0% annualized in Q1, worse than first estimate of-4.8%…

BoE Saunders: Safer to err on the side of easing somewhat too much

BoE policymaker Michael Saunders, a known dove, warned of the risks of a “vicious circle whereby…

Dollar Mildly Lower after Poor Durable Orders, Euro Extending Gains

Dollar is trading a touch softer in early US session after poor durable goods orders. Euro,…

US: Only Minor Revisions to Q1’s Contraction; Corporate Profits See Biggest Decline Since the Financial Crisis

The information contained in this report has been prepared for the information of our customers by…