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Posts Tagged ‘GDP’

Canada’s Currency Drop Encourages Cocooning

Tuesday, February 16th, 2016

Article source: CMDGroup

My favorite meal when traveling on business or pleasure used to be breakfast in the hotel where I was staying. In the ‘old days’, a morning repast was almost invariably cheap, plentiful and delicious.

Last summer, I took my family to Chicago for some wonderful sightseeing. We live in Toronto. (Our oldest child has moved out of the house and he and his girlfriend undertake their own travel adventures.)

The price of the breakfast buffet where we were registered downtown was $32.50 USD. For the four of us, that would have come to $130.00 USD.

Such a charge would have been steep enough on its own. Factor in the value of the Canadian dollar at the time, and the price was going to be $160.00 CAD.

Consider the further devaluation in the loonie since then, and the pain rises to $185.00 CAD.

That’s serious coinage. It’s nearly enough to rent a tuxedo, which I’ve always considered to be an excursion into luxury land.
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A Dozen Mid-September Economic Nuggets

Thursday, September 17th, 2015

Article source: CMDGroup

September 17 is fast approaching. In fact, by the time you read this, it may already have been and gone. Why is that date so important? Because that’€™s when the next Federal Open Market Committee (FOMC) of the Federal Reserve is scheduled to meet, with an announcement concerning interest rates to follow.

The federal funds rate hasn’€™t been altered from a range of 0.00% to 0.25% since December 16, 2008, nearly seven years ago. In mid-summer of this year, there seemed to be a strong likelihood the Fed would begin shifting yields higher in September. Then world stock markets fell into disarray as growth projections for China’€™s economy were scaled back and the yuan was devalued, slightly.

If the fed temporarily delays pulling the trigger out of concern over fragile world trade, the next FOMC meeting dates to mark on your calendar are October 28 and December 16 of this year and January 27 of 2016. Odds are pretty good that somewhere in that time frame, the fed will initiate tighter credit market action.

The Fed’€™s decision-making will take place against a backdrop that includes the following economic nuggets, as revealed in government reports and through media dissemination.
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