Wed, Jun 11 2008, 7:00 AM
Economic conditions across the United States remain " generally
weak " in the Fed's Beige Book covering April and May, yet only
seven of the 12 dist...
Wed, Jun 11 2008, 7:00 AM
The Fed's Beige Book and some Fed speakers will top the
economic data menu for the United States on Wednesday as
Canadian markets receive first-qu...
Wed, Jun 11 2008, 7:00 AM
While the stock market has been undergoing some wild fluctuations over
the last couple of weeks, the mortgage scene has been quiet - very
quiet. A...
Wed, Jun 11 2008, 7:00 AM
Weekly mortgage applications in the United States
fell further in the week ending June 6, according to data from the
Mortgage Bankers' Association...
Tue, Jun 10 2008, 7:00 AM
Economists largely agree that the Beige Book document
to be released Wednesday by the Federal Reserve won't reveal anything
new. It will likely sa...
Tue, Jun 10 2008, 7:00 AM
Despite the current bleak financial outlook, companies are finding
ways to watch expenses and invest in growth , according
to a report issued by th...
Tue, Jun 10 2008, 7:00 AM
The Bank of Canada's rate decision, some Fed speak and international
trade statistics from the U.S. and Canada will top the day's economic
events.
Tue, Jun 10 2008, 7:00 AM
Speaking in an interview with Bloomberg Television, U.S. Treasury
Secretary Henry Paulson said he would not speculate on
what the G8 will say, but...
Tue, Jun 10 2008, 7:00 AM
Speaking at an inflation conference at the Boston Federal Reserve,
Richard Fisher of the Dallas Fed said he was not
advocating an increase in inte...
Mon, Jun 9 2008, 7:00 AM
Federal regulators are warning the world to get ready
for the next wave of problems in the banking world.
Up to now banks have been struggling t...
Mon, Jun 9 2008, 7:00 AM
New York Fed President and FOMC Vice Chairman Tim Geithner said the
U.S. regulatory structure needs to be reformed to more clearly define
rules and ...
Mon, Jun 9 2008, 7:00 AM
Markets were captivated this week by U.S. dollar
comments from Fed Chairman Ben Bernanke, in which he expressed concern
over the U.S. dollar's dec...
Mon, Jun 9 2008, 7:00 AM
Despite five months of job losses and soaring oil prices, the
fundamentals of the U.S. economy remain favourable, said
U.S. Treasury Secretary Hen...
Mon, Jun 9 2008, 7:00 AM
After declining in five of the past six months, U.S. pending home
sales unexpectedly jumped 6.3% in April to reach a level of 88.2, the
highest leve...
Mon, Jun 9 2008, 7:00 AM
Monetary officials in the United States are concerned about further
U.S. dollar weakness after officials at the European Central
Bank said it may ...
Mon, Jun 9 2008, 7:00 AM
Delivering remarks at a luncheon organized by the International
Economic Forum of the Americas, Former Fed Chairman Paul
Volcker said he believed ...
Mon, Jun 9 2008, 7:00 AM
Both the Canadian and U.S. housing sectors will kick off the week,
with Canadian markets receiving May housing starts, with the U.S.
expecting data ...
Mon, Jun 9 2008, 7:00 AM
Shares of Lehman Brothers Holdings Inc. are down
sharply on Monday after the Wall Street bank reported a US$2.8 billion
loss in the second quarter...
Fri, Jun 6 2008, 7:00 AM
Speaking at the Wisconsin School of Business in Madison Wisconsin, newly
appointed president of the St. Louis Fed James Bullard told a crowd that
the ...
Fri, Jun 6 2008, 7:00 AM
We conducted an unscientific, teeny little survey of foreclosed houses
last week - precisely one house - but given the figures we quoted earlier
thi...
Fri, Jun 6 2008, 7:00 AM
The Canadian and U.S. employment reports top a busy week on the
economic data front, followed by comments from Fed speakers and U.S.
wholesale inven...
Fri, Jun 6 2008, 7:00 AM
Echoing comments he made on May 22, Fed Governor Randall Kroszner said
the U.S. housing sector will recover gradually as an
excess of home invento...
Thu, Jun 5 2008, 7:00 AM
Speaking before the Senate Banking Committee in Washington, D.C.,
Federal Reserve Vice Chairman Donald Kohn warned that banks need
to strengthen re...
Thu, Jun 5 2008, 7:00 AM
The Bank of England and European Central Bank rate decisions will
highlight the European economic news as American markets will receive
initial jobl...
Thu, Jun 5 2008, 7:00 AM
Philadelphia Fed President Charles Plosser said the
Federal Reserve must follow rules and exercise caution
as a lender of last resort.
Speaki...
Thu, Jun 5 2008, 7:00 AM
Standard and Poor's cut the credit ratings of
MBIA and Ambac on Thursday, just one
day after fellow ratings agency Moody's said it may do the ...
Thu, Jun 5 2008, 7:00 AM
Mortgage delinquencies for U.S. homes in the first
quarter of 2008 jumped 53 basis points from the previous quarter to 6.35%
of all loans outstandi...
Thu, Jun 5 2008, 7:00 AM
In a report issued Wednesday, Federal Reserve Vice Chairman Timothy F.
Geithner warned banks and settlement and payment systems
to review their ri...
Thu, Jun 5 2008, 7:00 AM
Speaking on financial stability in London, Richmond Fed President
Jeffrey Lacker (non-voter) said he called on the Fed to
detail its rules on inte...
Wed, Jun 4 2008, 7:00 AM
Long term mortgage interest rates took a slight bump
upward during the week ended May 29 while the rates for the two short-
term products were virt...
Wed, Jun 4 2008, 7:00 AM
Weekly mortgage applications in the United States
fell further in the week ending May 30, according to data from the
Mortgage Bankers' Association...
Wed, Jun 4 2008, 7:00 AM
The ADP employment report and ISM's non-manufacturing index for the
U.S. will highlight the day's economic data while markets will pay close
attenti...
Wed, Jun 4 2008, 7:00 AM
According to The New York Times, three of the nation's largest
credit rating firms are close to an agreement with the
New York attorney general to...
Wed, Jun 4 2008, 7:00 AM
Speaking at a Harvard commencement address, Bernanke
said overall inflation is significantly higher than he would like, but
less than the 1970s-s...
Wed, Jun 4 2008, 7:00 AM
U.S. bond insurers may lose their top credit ratings
because of diminishing new business and financial inflexibility, Moody's
said on Wednesday.
...
Tue, Jun 3 2008, 7:00 AM
Comments from Fed Chairman Ben Bernanke , European
Central Bank President Jean-Claude Trichet and Bank of Japan Governor
Masaaki Shirakawa will hig...
Tue, Jun 3 2008, 7:00 AM
Speaking at a conference organized by the International Monetary
Committee on Tuesday, Fed Chairman Ben Bernanke, European Central Bank
President Je...
Tue, Jun 3 2008, 7:00 AM
Fed Chairman Ben Bernanke said the Federal Reserve bank is "attentive"
to the slide in value of the U.S. dollar and that it has
caused an "unwelco...
Tue, Jun 3 2008, 7:00 AM
Tighter credit and defaults are
expected to have a greater effect in 2008 than they did last year, a
survey of businesses in 14 countries affecte...
Tue, Jun 3 2008, 7:00 AM
There have been two shifts in the leadership of major banks marking
further casualties in the on-going housing - mortgage - credit -
foreclosure cr...
Tue, Jun 3 2008, 7:00 AM
The U.S. Census Bureau factory orders report
surprised to the upside on Tuesday, increasing by 1.1% in April to
contribute to an annual gain of 3....
Mon, Jun 2 2008, 7:00 AM
It will be a busy week for central bank rate
decisions next week, with announcements coming from the Reserve
Bank of Australia, Bank of England an...
Mon, Jun 2 2008, 7:00 AM
The cost of a foreclosure , it turns out, is pretty
staggering and we wonder why lenders and the investors they represent
aren't jumping at a sol...
Mon, Jun 2 2008, 7:00 AM
According to a report from the U.S. Department of Commerce,
construction spending in the United States declined 0.4%
month-over-month in April.
...
Mon, Jun 2 2008, 7:00 AM
Atlanta Fed President Dennis Lockhart (non-voter) said the U.S.
economy continues to face significant uncertainty and
risks, but that he expects a...
Mon, Jun 2 2008, 7:00 AM
President George W. Bush said government tax revenues will increase by
$280 billion if Congress does not make permanent the tax
cuts introduced ea...
Mon, Jun 2 2008, 7:00 AM
The ISM's manufacturing index for the United States
will highlight a relatively light day of economic news and events. In
Europe, markets will be ...
Mon, Jun 2 2008, 7:00 AM
A three-year high in exports contributed to a rebound in production
and an improvement in new orders in the U.S. ISM manufacturing index for
May, ye...
Fri, May 30 2008, 7:00 AM
Canadian Q1 and March GDP and core PCE in the U.S. will dominate the
economic news of the day as markets prepare for the final trading day of
May. I...
Fri, May 30 2008, 7:00 AM
The sharpest drop in housing prices in 50 years
poses a "significant" risk to the U.S. economy, but the Fed's rate cuts
should be felt in the seco...
