Canada's current account deficit widens on weak oil prices

Note: This section contains information in English only.
Source: Reuters

The Canadian current account deficit grew to C$16.77 billion in the Q1 2016 as tumbling crude oil prices drove the country's exports down sharply, Statistics of Canada reported on Monday. In addition, the deficit for the Q4 2015 was revised up to C$15.71 billion from an originally reported C$15.38 billion reading. 




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Mon, 30 May 2016 16:15:49 GMT

Europe finishes with gains on Monday

Europe's stock markets closed Monday's trading session in the green territory. Germany's DAX 30 Index finished 0.51% higher at 10,338.50, its one-month high, whereas France's CAC 40 Index added 0.23%, closing at 4,525.50, and the pan-European Euro Stoxx 50 Index jumped 0.54%, finishing at 3,092.50 points.

Mon, 30 May 2016 13:32:04 GMT

German CPI improves in May

The Preliminary Consumer Price Index in Germany picked up in May, whereas the inflation rate remained far below the target zone. According to the Federal Statistics Office, Germany's CPI grew 0.1% year-over-year in May, following the 0.1% drop seen in the previous month and meeting analysts' expectations. Meanwhile, the CPI gauge added 0.3% in the same period, compared to April's 0.4% decline.

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