Friday, April 17, 2015 - 08:56 Frgn Investrs Switch Out Of Provincl Debt To Fedrl Debt in Feb 0
By Yali N'Diaye
OTTAWA (MNI) - Foreign investors' acquisitions of bonds focused on federal government debt in February, which attracted C$10.5 billion, the largest such purchases since May 2010, leading overall foreign investments in Canadian securities over the month, Statistics Canada's data indicated Friday.
Foreign investors acquired C$9.3 billion in Canadian securities in February, up from C$5.8 billion in January.
Investments in Canadian debt securities rose C$7.7 billion, while they were up C$1.6 billion for equities.
Meanwhile, Canadian investments in foreign securities resumed in February, to the tune of C$9.4 billion, following a C$10.8 billion divestment in January.
Friday, April 17, 2015 - 08:38 Canada February Retail Sales +1.7%, Surprise on the Upside 0
By Courtney Tower
OTTAWA (MNI) - Canadian retail sales rebounded by 1.7% in February following two straight months of declines, with higher sales in all 11 subsectors of retail trade, Statistics Canada reported Friday.
Retail sales excluding motor vehicle and parts were up 2.0% on the month, also surprising on the upside.
Sales were especially strong given the upward revision to January's estimates to -1.4% for total sales from -1.7%, and to -1.5% excluding autos from an initial estimate of -1.8%.
Particularly notable, sales at motor vehicles and parts dealers rose, by 0.9% after four consecutive monthly declines. Gasoline station sales increased 2.2% after seven consecutive monthly declines,...
Friday, April 17, 2015 - 08:30 Canada March CPI +1.2% Y/Y, Core +2.4% Y/Y, Top Expectations 0
OTTAWA (MNI) - Canadian inflation rose to 1.2% on an annual basis in March from 1.0% in February, while core inflation that strips out volatile elements increased to 2.4% from 2.1% in February, topping analysts' expectations, Statistics Canada's data showed Friday.
The first quarter this year posted total inflation - as calculated by the Bank of Canada - at 1.1%, and core at 2.4%, the highest core rate since 2Q 2009. Iin its April projections released Wednesday, the Bank of Canada estimated 1.0% total and 2.1% core on an annual basis for Q1.
The BOC has projected that headline inflation in Q2 will slow to 0.8% on an annual basis with core remaining at 2.1%. In the...
Friday, April 17, 2015 - 05:00 EMU March Inflation Confirmed At -0.1%; Energy Impact Slowing 0
By Martin Baccardax
LONDON (MNI) - Eurozone inflation remained in negative territory for the fourth consecutive month in March, according to final data published Friday by Eurostat, but the slowing rate of energy price declines suggests the European Central Bank's myriad policy initiatives appear to have halted the risk of currency area deflation.
Headline February HICP was confirmed at -0.1%, Eurostat said, unchanged from the March 31 estimate and a notable improvement from the -0.3% reading in February.
Friday, April 17, 2015 - 04:30 UK Data: Jobless Rate Falls To Lowest Since Mid-2008 0
-LFS Dec-Feb Jobless Rate 5.6%; In Line With BOE Q1 Forecast
LONDON (MNI) - UK unemployment continued to decline, with the headline jobless rate hitting its lowest level since back in mid-2008, the official data show.
The Labour Force Survey jobless rate fell to 5.6% of the workforce in December to February from 5.7% in November to January, hitting its lowest level since May to July 2008. The LFS jobless rate has been flat or falling every quarter since February 2013.
The 5.6% reading is in touching distance of the Bank of England staff estimate of the medium term equilibrium, or non-inflationary, jobless rate of around 5.5%. BOE staff, however, are expected to lower that equilibrium rate in the May Inflation...
Thursday, April 16, 2015 - 10:00 Freddie Mac Text: Mtg Survey: 30Y Fixed Avg 3.67% Apr. 16 Week 0
WASHINGTON (MNI) - The following is the text of the latest Freddie Mac Primary Mortgage Market Survey released Thursday:
Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates moving largely unchanged amid a light week of economic releases and remaining near their 2015 lows.
- 30-year fixed-rate mortgage (FRM) averaged 3.67 percent with an average 0.7 point for the week ending April 16, 2015, up from last week when it averaged 3.66 percent. A year ago at this time, the 30-year FRM averaged 4.27 percent.
- 15-year FRM this week averaged 2.94 percent with an average 0.5 point, up from last week when it averaged 2.93...