Canadian consumer inflation rose stronger than expected, adding 1.4 for March and accelerating to 6.7 yy from 5.7 a month earlier and the forecasted 6.1. The Bank of Canada last week raised its key rate by 50 points and announced a quantitative tightening in response to accelerating price growth. The fresh batch of data has […]

April 20 Reuters The Russian rouble firmed towards 78 to the dollar in early trade on Wednesday, while stock indexes extended losses as the market watched developments around Ukraine and sanctions against Russia. Russia faces soaring inflation and capital flight while grappling with a possible debt default after the West imposed harsh sanctions against Moscow […]

Gold is falling fast, having lost about 3 to 1940 from Mondays peak. On Monday, the bulls are locally capitulating after an unsuccessful attempt to push the price above 2000. It would be a mistake to attribute golds fall to an expensive dollar. Since the start of the year, the dollar index and gold have […]