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Canadian Economy |
Written by CEP News |
Jul 04 08 21:36 GMT |
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(CEP News) Ottawa - The number of workers with pensions in Canada is growing but isn't keeping pace with hiring. As the proportion of those with pensions versus those without is shrinking, Canadians are increasingly asking themselves how they can secure a comfortable retirement and how much they should save. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 20:33 GMT |
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(CEP News) - A quiet week ends with a bang on Friday, with Canada's employment report expected to be a key market focus. |
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US Economy |
Written by CEP News |
Jul 04 08 20:33 GMT |
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(CEP News) - A quiet week ends with a bang on Friday, with Canada's employment report expected to be a key market focus. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 20:33 GMT |
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(CEP News) - Next week will begin with a number of Federal Reserve speakers and see the release of housing data in both Canada and the U.S. on Wednesday. The relatively quiet week will culminate on Friday with Canada's employment report for June, which is expected to be a key market focus. |
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US Economy |
Written by CEP News |
Jul 04 08 20:33 GMT |
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(CEP News) - Next week will begin with a number of Federal Reserve speakers and see the release of housing data in both Canada and the U.S. on Wednesday. The relatively quiet week will culminate on Friday with Canada's employment report for June, which is expected to be a key market focus. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 20:30 GMT |
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(CEP News) Frankfurt - One week after the European Central Bank announced a hike to interest rates, the spotlight will shift onto the Bank of England and its decision on Thursday. |
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US Economy |
Written by CEP News |
Jul 04 08 20:30 GMT |
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(CEP News) Frankfurt - One week after the European Central Bank announced a hike to interest rates, the spotlight will shift onto the Bank of England and its decision on Thursday. |
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European Economy |
Written by CEP News |
Jul 04 08 20:30 GMT |
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(CEP News) Frankfurt - One week after the European Central Bank announced a hike to interest rates, the spotlight will shift onto the Bank of England and its decision on Thursday. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 20:27 GMT |
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(CEP News) - Despite a relatively slow start to the week, the economic action in the Asia-Pacific really picks up on Wednesday with Australian employment data and the Japanese corporate goods price index each set for release. |
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US Economy |
Written by CEP News |
Jul 04 08 20:27 GMT |
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(CEP News) - Despite a relatively slow start to the week, the economic action in the Asia-Pacific really picks up on Wednesday with Australian employment data and the Japanese corporate goods price index each set for release. |
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Asian Economy |
Written by CEP News |
Jul 04 08 20:27 GMT |
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(CEP News) - Despite a relatively slow start to the week, the economic action in the Asia-Pacific really picks up on Wednesday with Australian employment data and the Japanese corporate goods price index each set for release. |
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Australian Economy |
Written by CEP News |
Jul 04 08 20:27 GMT |
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(CEP News) - Despite a relatively slow start to the week, the economic action in the Asia-Pacific really picks up on Wednesday with Australian employment data and the Japanese corporate goods price index each set for release. |
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Market Updates |
Written by CEP News |
Jul 04 08 20:11 GMT |
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(CEP News) - On the July 4 holiday in the U.S., the Canadian dollar was trading markedly lower against the U.S. dollar after dropping 0.0037 just past 12 p.m. EDT. The Canadian dollar is down 0.0022 cents to 0.9802 USD. |
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News Recap |
Written by CEP News |
Jul 04 08 20:03 GMT |
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(CEP News) - The release of Canada's Ivey PMI indicator headlined a very quiet day for North American economic news, as U.S. markets were closed for the day to celebrate the Independence Day holiday. Overseas, the key data release was a lower-than-expected German factory orders report for May. |
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European Economy |
Written by CEP News |
Jul 04 08 16:23 GMT |
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(CEP News) Frankfurt - After falling 0.5% month-over-month in March and by a further 0.8% in April, economists are expecting German industrial production to rebound 0.2% month-over-month in May. |
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Market Updates |
Written by CEP News |
Jul 04 08 15:59 GMT |
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(CEP News) - Toronto's S&P/TSX index is down despite a better-than-expected result in the Ivey business school's purchasing managers index for June, the only major economic data point releases on Friday as U.S. markets were closed to observe the July 4 holiday. |
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News Recap |
Written by CEP News |
Jul 04 08 15:44 GMT |
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(CEP News) - The release of Canada's Ivey PMI indicator headlined a very quiet day for North American markets, as U.S. markets were closed for the day to celebrate the Independence Day holiday. |
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European Economy |
Written by CEP News |
Jul 04 08 15:30 GMT |
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(CEP News) Frankfurt - With the continued weakness seen in German factory orders data on Friday, economists said they expect the manufacturing sector to follow suit, in turn leading the German economy to a slowdown. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 14:03 GMT |
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(CEP News) Ottawa - Canada's Ivey Purchasing Managers' Index rocketed up to 69.6 reading in June from the May figure of 62.5, confounding economists' expectations of a pullback to 62.3. |
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European Economy |
Written by CEP News |
Jul 04 08 13:22 GMT |
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(CEP News)- Speaking to journalists Friday, European Central Bank Governing Council member Athanasios Orphanides said that oil and food prices are aggravating inflation pressures. |
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Market Updates |
Written by CEP News |
Jul 04 08 13:00 GMT |
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(CEP News) - With U.S. markets closed for Independence Day, Canadian fixed income markets are higher ahead of the release of the Ivey Purchasing Managers' Index for June. European bond markets are also higher as comments from policy-makers and central bankers echo those made by ECB President Jean-Claude Trichet on Thursday after interest rates were hiked. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 13:00 GMT |
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(CEP News) Ottawa - A surge in women enrolling in employer-sponsored registered pension plans (RPPs) returned RPPs to normal annual growth levels in 2006 after a slump in 2005. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 12:55 GMT |
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(CEP News) Ottawa - Canada's Ivey Purchasing Managers' Index (PMI) due for release Friday morning is expected to pull back slightly in June, but still post a strong reading in keeping with its seasonal track record. However, at least one Canadian economist is expecting a significant pullback in the survey. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 12:42 GMT |
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(CEP News) Ottawa - The number of business and consumer bankruptcies across Canada both dipped in May, according to figures released Friday by Industry Canada. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 12:23 GMT |
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(CEP News) - According to data released from Finance Canada on Friday morning, holdings of international reserve in Canada increased by US$267 million to US$43,855 million as of June 30. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 12:23 GMT |
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(CEP News) - According to data released from Finance Canada on Friday morning, holdings of international reserves in Canada increased by US$267 million to US$43,855 million as of June 30. |
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US Economy |
Written by CEP News |
Jul 04 08 12:00 GMT |
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(CEP News) - Speaking in Berlin, Germany, U.S. Deputy Treasury Secretary Robert Kimmitt said that while the U.S. economy is going through a rough patch, he nevertheless remains confident in the country's long-term economic fundamentals. |
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European Economy |
Written by CEP News |
Jul 04 08 11:29 GMT |
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(CEP News) Frankfurt - Referring to the European Central Bank's decision to raise its main refinancing rate 25 basis points to 4.25% on Thursday, ECB Governing Council member Mario Draghi said the rate hike was necessary due to rising inflation expectations. |
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European Economy |
Written by CEP News |
Jul 04 08 11:21 GMT |
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(CEP News) Frankfurt - In San Sebastian, Spain on Friday, European Central Bank Executive Board member José Manuel González-Páramo said the ECB could act at any time to fulfill its mandate of price stability and that it will continue to monitor incoming data very closely. |
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European Economy |
Written by CEP News |
Jul 04 08 11:21 GMT |
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(CEP News) Frankfurt - In San Sebastian, Spain on Friday, European Central Bank Executive Board member José Manuel González-Páramo said the ECB could act at any time to fulfill its mandate of price stability and that it will continue to monitor incoming data very closely. |
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European Economy |
Written by CEP News |
Jul 04 08 11:12 GMT |
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(CEP News) Frankfurt - Noting that inflation expectations have been rising since the spring, European Central Bank Executive Board member José Manuel González-Páramo said the ECB will not allow the disanchoring of inflation expectations in the euro zone. |
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European Economy |
Written by CEP News |
Jul 04 08 11:12 GMT |
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(CEP News) Frankfurt - Noting that inflation expectations have been rising since the spring, European Central Bank Executive Board member José Manuel González-Páramo said the ECB will not allow the disanchoring of inflation expectations in the euro zone. |
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Market Updates |
Written by CEP News |
Jul 04 08 11:01 GMT |
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(CEP News) - European equity markets are trading lower with the Eurostoxx losing 19.78 points on the day and the UK FTSE 100 down 36.00 points to 5440.602. In Germany, the bund was up 31.0 ticks to 111.13 with yields down 1.9 bps to 4.54% while the 10-year gilt was up 25.0 ticks to 105.41 with yields down 3.5 bps to 5.00%. |
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European Economy |
Written by CEP News |
Jul 04 08 10:52 GMT |
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(CEP News) Frankfurt - Speaking at an event in San Sebastian, Spain on Friday, European Central Bank Governing Council member José Manuel González-Páramo reiterated that the ECB's mandate is to ensure medium-term price stability. |
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European Economy |
Written by CEP News |
Jul 04 08 10:52 GMT |
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(CEP News) Frankfurt - Speaking at an event in San Sebastian, Spain on Friday, European Central Bank Executive Board member José Manuel González-Páramo reiterated that the ECB's mandate is to ensure medium-term price stability. |
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Canadian Economy |
Written by CEP News |
Jul 04 08 10:34 GMT |
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(CEP News) - With U.S. markets closed for Independence Day, the Ivey Purchasing Managers' Index takes the spotlight on the final day of the week along with bankruptcy statistics from Industry Canada. |
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US Economy |
Written by CEP News |
Jul 04 08 10:34 GMT |
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(CEP News) - With U.S. markets closed for Independence Day, the Ivey Purchasing Managers' Index takes the spotlight on the final day of the week along with bankruptcy statistics from Industry Canada. |
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News Recap |
Written by CEP News |
Jul 04 08 10:33 GMT |
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(CEP News) - A sharp downside surprise in German factory orders, falling Spanish industrial output and a myriad of commentary from European policy-makers on Friday summarizes the day's events in the aftermath of the European Central Bank's interest rate hike on Thursday. |
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European Economy |
Written by CEP News |
Jul 04 08 10:31 GMT |
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(CEP News) Frankfurt - According to the Central Statistics Office (CSO), the Irish unemployment rate rose to 5.7% in June, reflecting an increase of 10,100 unemployed individuals who consider Ireland their primary place of residence. |
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European Economy |
Written by CEP News |
Jul 04 08 10:21 GMT |
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(CEP News) Frankfurt - On Friday, the Bundesbank reported that, in seasonally adjusted terms, German factory orders declined further by 0.9% month-over-month in May, deepening the 1.7% fall recorded in April. |
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European Economy |
Written by CEP News |
Jul 04 08 10:11 GMT |
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(CEP News) Frankfurt - Speaking to reporters in Vienna, Austria on Friday, European Central Bank Governing Council member Klaus Liebscher said that the ECB had to "do everything" to ensure price stability. |
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Market Updates |
Written by CEP News |
Jul 04 08 09:58 GMT |
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(CEP News) - Asia-Pacific fixed income markets are gaining and equities closed mixed with yields on Australian 10-year bonds down 7.4 bps to 6.42% and Japanese 10-year government bonds down 2.7 bps to 1.64%. |
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European Economy |
Written by CEP News |
Jul 04 08 09:36 GMT |
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(CEP News) Frankfurt - On Friday, the Bundesbank is scheduled to release data regarding German factory order levels for the month of May. Ahead of the announcement, economists had forecasting factory orders to rebound from their 1.8% decline in April and increase 0.8% month-over-month in May. |
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European Economy |
Written by CEP News |
Jul 04 08 08:49 GMT |
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(CEP News) Frankfurt - Speaking with Dutch television channel RTLZ on July 3 following the European Central Bank's decision to raise its main refinancing rate to 4.25%, ECB President Jean-Claude Trichet said that inflation risks were seen "at the present moment" and that the rate increase would help to counter them. |
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European Economy |
Written by CEP News |
Jul 04 08 08:27 GMT |
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(CEP News) Frankfurt - On Friday, Statistics Denmark reported that Danish industrial output, excluding the production of ships, fell 3.9% on a monthly basis in May, down significantly from the 11.6% increase recorded in the previous month. April's reading was revised up from 9.6%. |
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European Economy |
Written by CEP News |
Jul 04 08 08:15 GMT |
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(CEP News) Frankfurt - Referring to the European Central Bank's decision to raise its main refinancing rate 25 basis points to 4.25% on July 3, ECB Governing Council member Axel Weber was quoted by the German newspaper Südkurier as saying that the rate hike was not preventive, but was in response to materializing medium-term inflation risks. |
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European Economy |
Written by CEP News |
Jul 04 08 07:56 GMT |
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(CEP News) Frankfurt - In an interview with German economic newspaper Handelsblatt published on Friday, German Finance Minister Peer Steinbrueck said that despite higher interest rates possibly leading to an even stronger economic downturn, he would defend the independence of the European Central Bank to his "last drop of blood". |
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European Economy |
Written by CEP News |
Jul 04 08 07:40 GMT |
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(CEP News) Frankfurt - According to the Hungarian Central Statistical Office (HCSO), Hungary's trade surplus rose to €64.1 million in April, up from the €54.2 million recorded in the previous month. |
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European Economy |
Written by CEP News |
Jul 04 08 07:20 GMT |
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(CEP News) Frankfurt - On Friday, the National Institute of Statistics (INE) reported that Spanish industrial output declined by 5.5% year-over-year in May. Economists had expected a more modest drop of 1.0% following April's 0.2% rise, revised up from a decline of 0.2%. |
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