Canada's economy falls 0.2% in May

Note: This section contains information in English only.
Source: Nasdaq, Nasdaq
The total value of Canada's economy decreased for the fifth consecutive month in May, influenced by low manufacturing output and gas and oil extraction along with weak results in wholesale trade. Country's GDP shrank 0.2% to 1.64 trillion Canadian dollars in May, following a 0.1% drop in April. Canada's economy slid 0.6% year-on-year in Q1, based on that, BoC cut its expectations for the second quarter to a decline of 0.5%.
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Mon, 03 Aug 2015 07:51:15 GMT

Traders pessimistic on oil amid strong supply

Oil futures continued to slide on early in the trading session on Monday, as investors attempt to evaluate Iran's impact on the oil supply, once the sanctions are lifted. The New York WTI traded 0.9% lower to $46.71 a barrel, while the European benchmark Brent Crude declined 1% to $51.70 a barrel by 7:10 AM GMT. Iran intends to increase

Fri, 31 Jul 2015 12:49:04 GMT

Euro Zone's CPI 3rd month in positive territory

Euro area's consumer price inflation remained in green for the third consecutive month in July, while the main gauge stayed in line with expectations. The inflation rate in all Euro zone counties rallied 0.2% on an annual basis in the first half of the year after 0.3% rise reported in June. Core inflation added 1.0% in July, following 0.8% gain

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