As well, U.S. employers added a robust 200,000 jobs
What to look for in the economic calendar, in Canada and U.S.
Canada's M&A activity reached a five-year high in 2017
The Federal Reserve has left its benchmark interest rate unchanged but signalled that it expects to resume raising rates gradually to reflect a healthy job market and economy. At Janet Yellen’s final meeting as chair Wednesday, the Fed kept its key short-term rate in a still-low range of 1.25% to 1.5%. Yellen led a cautious […]
NAFTA negotiations took a more positive tone recently, but if the trade agreement were to go sideways, the Canadian energy sector would see little impact, says a commodity note from Scotiabank. In fact, the sector might see a benefit. Read: Why this PM is overweight energy for 2018 To explain why, the authors first note […]
The NAFTA train remains on track—for now. U.S. trade czar Robert Lighthizer says enough progress has been made over the past week to warrant moving forward with a fresh round of talks in Mexico, but he’s also making it clear that more work needs to be done. Lighthizer is clearly not happy with Canadian proposals […]
Though higher inflation expectations have lifted yields, the premium investors demand for inflation and interest rate risk isn’t likewise rising. But that could change. A TD report on the U.S. dollar and markets analyzes rising U.S. yields at the end of 2017. “After hitting a trough in September 2017, the 10-year yield rose approximately 30 […]
Update on Jan. 22, 2018, at 2 p.m.: A Senate agreement has reopened the U.S. federal government. The U.S. government has been shut down since midnight on Friday—and that could negatively affect growth in Q1, says TD senior economist Leslie Preston in a weekly economics report. The last 16-day shutdown lowered real GDP by 0.3 […]
Goldman Sachs posted a US$1.93-billion loss in the fourth quarter, the investment bank said Wednesday, as the bank had to record more than US$4 billion in charges related to the new tax law. It was the bank’s first quarterly loss in more than six years. (All figures are in U.S. dollars.) Goldman had a net […]
If you’re looking for U.S. tax cuts to contribute to market outperformance, you might be disappointed, as valuations are already high. Read: U.S. tax changes and market valuations See how Trump’s tax bill has affected two big banks Still, taking a close look at how tax changes affect U.S. corporates could pay off. “Investors need […]