Monthly Archives: March 2025

In January, Canada’s portfolio investment in foreign securities decreased from $3.77 billion to $-3.15 billion

Written on March 17, 2025 at 7:14 pm, by

Canada’s portfolio investment in foreign securities dropped to -$3.15 billion in January, indicating significant withdrawal.

The bearish trend for USDCAD persists as key moving averages and retracement levels are breached

Written on March 17, 2025 at 6:47 pm, by

USDCAD remains bearish, breaching key technical levels. Further downside targets 1.4299, while resistance lies at 1.4383-1.4402.

Despite slight losses towards week’s end, GBP/USD ended positively as attention turned to central banks

Written on March 17, 2025 at 6:44 pm, by

GBP/USD saw modest losses but stabilized near 1.2950 as traders remained cautious before key economic events.

US stock futures recover, yet RBC revises S&P 500’s 2025 price target down significantly to 6200

Written on March 17, 2025 at 6:17 pm, by

US stock futures steady; mixed retail sales; S&P 500 target adjusted; Fed rate cut expectations unchanged; investor sentiment mixed.

Housing starts in Canada reached 229K year-on-year, falling short of the anticipated 248.5K

Written on March 17, 2025 at 6:14 pm, by

Canada’s housing starts fell short, while gold stays stable and cryptocurrencies recover amid economic concerns and central bank insights.

The Empire manufacturing index for March fell sharply, indicating contraction and reduced optimism in business activity

Written on March 17, 2025 at 5:47 pm, by

Empire manufacturing index contracted to -20.0, new orders fell, prices paid rose, employment declined, and future outlook weakened.

US retail sales in February rose 0.2%, falling short of the 0.6% forecast and revised figures

Written on March 17, 2025 at 5:17 pm, by

February US retail sales rose 0.2%, missing forecasts. Declining restaurant sales signal cautious consumer spending amid economic shifts.

In European trading, West Texas Intermediate futures reach a new weekly peak around $68.00 rising

Written on March 17, 2025 at 5:15 pm, by

Oil prices rise to $68 as China’s stimulus boosts demand; market watches U.S.-Russia talks and Fed decision.

Canadian housing starts in February totalled 229K, below expectations, amid worrying trends in Ontario sales

Written on March 17, 2025 at 4:47 pm, by

Canada’s February housing starts fell to 229,000, with home sales dropping 9.8%, potentially impacting prices.

Improved economic data for January-February in China faces three major structural constraints on consumption

Written on March 17, 2025 at 4:44 pm, by

China’s plan boosts consumption, but low incomes, high savings, and rising debt hinder domestic economic transition.

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