Thu, Aug 7 2008, 7:00 AM
Canadians are flocking to snatch up property in the
U.S. as a result of affordable house prices and attractive exchange
rates, the National Associa...
Thu, Aug 7 2008, 7:00 AM
Despite a better-than-expected pending home sales report coming out of
the U.S. on Thursday, the day's soft jobless claims figures are instead
dicta...
Thu, Aug 7 2008, 7:00 AM
Consumer debt increased by $14.3 billion in June,
according to data released Thursday from the U.S. Federal Reserve, which
also showed that total c...
Thu, Aug 7 2008, 7:00 AM
Several television financial correspondents were announcing at the
beginning of this week that Monday was the first anniversary of the
credit squee...
Thu, Aug 7 2008, 7:00 AM
Economists say the second unexpected rebound in three months in the
U.S. pending home sales index is likely due to sales of
foreclosed homes . The ...
Thu, Aug 7 2008, 7:00 AM
Claims for unemployment benefits in the U.S. rose to their highest
level since March 2002 with 455k initial claims reported
in the week ending A...
Thu, Aug 7 2008, 7:00 AM
Citigroup could have to take as much as $20 billion
in securities from failed auctions on to its balance sheet and will pay a
variety of fines and ...
Wed, Aug 6 2008, 7:00 AM
In a surprise move, the U.S. Treasury announced on Tuesday that it has
hired investment bank Morgan Stanley to conduct a review of
Fannie Mae and F...
Wed, Aug 6 2008, 7:00 AM
Weekly mortgage applications in the United States
rebounded in the week ending Aug. 1, according to data released from the
Mortgage Bankers Associ...
Wed, Aug 6 2008, 7:00 AM
Freddie Mac released its second quarter 2008
financial statements on Wednesday revealing some staggering losses.
The nation's second largest mort...
Wed, Aug 6 2008, 7:00 AM
The Canadian Ivey PMI and international reserves top the economic news
for the region as Americans brace themselves for a ten-year Treasury
auction ...
Wed, Aug 6 2008, 7:00 AM
The consensus forecast is expecting Thursday's pending home
sales index (PHSI) from the National Association of Realtors to
fall by 1.0% in June, ...
Tue, Aug 5 2008, 7:00 AM
The Institute for Supply Management's non-manufacturing index for the
United States will be the main morning economic release, however that
will be ...
Tue, Aug 5 2008, 7:00 AM
Former senior executive Vice President and Chief Operating Officer of
TowneBank, Elizabeth Duke, was sworn in as governor of
the U.S. Federal Rese...
Tue, Aug 5 2008, 7:00 AM
The Federal Reserve announced Tuesday that it would
hold the Fed funds target rate at 2.00%, as was widely expected. The
accompanying statement wa...
Tue, Aug 5 2008, 7:00 AM
Retail sales advanced by their biggest margin so far
this year, advancing 2.9% on a year-over-year basis in the week ending
Aug. 2, according to a ...
Tue, Aug 5 2008, 7:00 AM
Economists say the statement to accompany the FOMC's rate
decision on Tuesday will continue to strike a neutral balance
between the Fed's dual man...
Mon, Aug 4 2008, 7:00 AM
According to a report from Challenger, Gray & Christmas,
planned job cuts rose by 21,557 in July to 103,312, but
that figure is still up 140.8% co...
Mon, Aug 4 2008, 7:00 AM
Economists say the personal income and spending
report from the U.S. Department of Commerce posted higher-than-
anticipated results for June due to...
Mon, Aug 4 2008, 7:00 AM
The Federal Open Market Committee (FOMC) is once
again expected to leave rates where they are as it continues to assess
the extent of recent signs...
Fri, Aug 1 2008, 7:00 AM
The U.S. Employment Report for July's nonfarm payrolls was a
"marginal surprise" and weakness in the labour market
could keep the Fed on hold for ...
Fri, Aug 1 2008, 7:00 AM
The Housing Assistance Act of 2008 , finally passed by
both houses of Congress and signed into law by President Bush this week,
contains some not-to...
Fri, Aug 1 2008, 7:00 AM
U.S. nonfarm payrolls declined for the seventh
straight month, falling less than expectations by a total of 51k jobs in
July, according to the Bur...
Thu, Jul 31 2008, 7:00 AM
The advance U.S. GDP report came in lower than
expected for the second quarter of 2008, rising by 1.9% against
expectations of 2.3% growth, accord...
Thu, Jul 31 2008, 7:00 AM
Speaking before the Exchequer Club of Washington, U.S. Treasury
Secretary Henry Paulson said the stimulus package has
supported the economy in the...
Thu, Jul 31 2008, 7:00 AM
Zimbabwe is the latest example of what happens when inflation spirals
out of control to the point of hyperinflation. With the highest rate of
inflat...
Thu, Jul 31 2008, 7:00 AM
In an interview on CNBC, Former Federal Chairman Alan
Greenspan warned that if the Federal Reserve is given a role to
oversee the financial system...
Thu, Jul 31 2008, 7:00 AM
The ISM-Chicago business barometer bounced into
growth mode in July following five months of slowdown. The growth was led
by advances in productio...
Thu, Jul 31 2008, 7:00 AM
Economists say the reported 1.9% GDP growth for the second quarter of
2008 was boosted by a 1.5% increase in consumption and a 2.4% gain in net
expo...
Thu, Jul 31 2008, 7:00 AM
Freddie Mac today told mortgage servicers it was
doubling the amount of money it pays for each workout
that keeps a delinquent borrower with a Fr...
Wed, Jul 30 2008, 7:00 AM
Headline inflation in the United States could be
headed as high as 6% before the end of the year, CIBC chief economist
Jeff Rubin warns in a foreca...
Wed, Jul 30 2008, 7:00 AM
The consensus forecast expects U.S. GDP growth to
come in quite a bit better than the two previous quarters, as exports
have surged on the weak do...
Wed, Jul 30 2008, 7:00 AM
On Tuesday evening, the Securities and Exchange Commission
extended its emergency rule limiting short selling of
Fannie Mae, Freddie Mac and 17 br...
Wed, Jul 30 2008, 7:00 AM
Mortgage service providers have staved off the foreclosure of
1.9 million homes in the past year in what has been the
largest bailout the housing ...
Wed, Jul 30 2008, 7:00 AM
Whatever else is going on in the housing market, it appears that
Americans are no longer using their homes as gigantic credit
cards to finance new...
Wed, Jul 30 2008, 7:00 AM
Following the release of the ADP private employment
report on Wednesday, which posted a gain of 9k jobs in July,
economists dismissed the figures ...
Wed, Jul 30 2008, 7:00 AM
In addition to the $75 billion 28-day Term Auction Facility (TAF), the
Fed will also be conducting a $25 billion 84-day TAF to address the
ongoing ...
Wed, Jul 30 2008, 7:00 AM
The ADP employment report will be the most closely looked at economic
event of the day ahead of Friday's U.S. nonfarm payrolls. In Canada,
markets w...
Wed, Jul 30 2008, 7:00 AM
Weekly mortgage applications declined in the week
ending July 25, according to data released from the Mortgage Bankers'
Association (MBA) on Wednes...
Wed, Jul 30 2008, 7:00 AM
Fixed-rate mortgages (FRMs) hit the highest levels of
2008 during the week ended July 24 according to Freddie Mac's
Primary Mortgage Market Survey...
Tue, Jul 29 2008, 7:00 AM
Is it possible that some of the collapses and near misses in the
financial markets over the last six months will ultimately be tied to a
few sick an...
Tue, Jul 29 2008, 7:00 AM
The S&P Case-Shiller U.S. home price index continued
to deteriorate in May as the 20-city composite index posted a record
annual decline of 15.8%....
Tue, Jul 29 2008, 7:00 AM
The Conference Board's consumer confidence index for
July improved to 51.9 in Tuesday's report, against expectations
of a slight decline to 50.0. ...
Tue, Jul 29 2008, 7:00 AM
Consumer confidence for July and the S&P/Case-
Shiller's home price index for May will be the main focus of
Tuesday's economic events with no majo...
Mon, Jul 28 2008, 7:00 AM
The U.S. government plans to issue more debt in the
current quarter than any time in history , the Department
of Treasury said on Monday.
Mon, Jul 28 2008, 7:00 AM
The White House revised its 2008 budget deficit
forecast to $389 billion from $410 billion earlier in February
and its 2009 forecast to $482 billi...
Mon, Jul 28 2008, 7:00 AM
Treasury Secretary Henry Paulson said Monday that
covered bonds are an answer to financial market's request for clarity. He
said covered bonds, a ...
Mon, Jul 28 2008, 7:00 AM
In an interview with the Financial Times over the weekend, Minneapolis
Fed President Gary Stern (voter) said the credit
crunch in the U.S. would...
Mon, Jul 28 2008, 7:00 AM
In a rare weekend meeting, the U.S. Senate passed the housing
bill by 72-13 votes. The legislation now awaits the signature of
U.S. President Geor...
Mon, Jul 28 2008, 7:00 AM
The U.S. dollar was mixed on a quiet day on Monday,
making gains solely against the underperforming Canadian dollar and
British pound.
"The...
