The dollar was up on Wednesday morning in Asia after U.S. markets saw a second rout in tech stocks in less than a week, giving the dollar a boost. “U.S. equity futures will likely be a guide to currencies today. The more equity futures fall, the larger the strength in the dollar and the yen,” [...]
The upbeat macroeconomic data releases from the US seem to be providing a boost to the greenback. August's ISM manufacturing index has risen more than expected to stand at 56.0 well above the 50 break-even level which determines expansion/contraction in the sector. The consensus was looking for 54.8 versus July’s reading of 54.2. In its [...]
After steadily declining in June and flattening out in early July, Canada's COVID-19 has been on the uptrend over the past two weeks."There's this gradual but progressive creep of increasing new cases," Dr. Matthew Oughton, an infectious diseases specialist at the McGill University Health Centre in Montreal, said Thursday. A significant number of these new [...]
Canadian provinces and territories have been gradually reopening. As of today, Canada reported 109000 total cases of COVID 19. Canada's federal government will give the 13 provinces and territories more than C$19 billion ($14 billion) to help pay for the costs of restarting the economy after several months of COVID-19 pandemic lock-downs, the prime minister [...]
