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HomeFinance

Finance

Price
Finance

The Most Splendid Housing Bubbles in Canada, Dec. 2024 by Metro: Toronto, Vancouver, Victoria, Calgary, Ottawa, Montreal, Quebec City, Halifax, Edmonton, Winnipeg

January 15, 2025 Stu Turley

Toronto single-family -19% from Feb 2022 peak, condos hit 3-year low. Vancouver eases further. Calgary condos sag. New highs in some markets.

Price
Finance

Beneath the Skin of CPI Inflation: YoY CPI +2.9%, Worst since July, MoM CPI +0.39% (+4.8% Annualized), Worst since February. Core CPI Stuck for 7th Month at 3.1%-3.3%

January 15, 2025 Stu Turley

Categories that helped power the cooling of CPI are U-Turning – used & new vehicles, food, energy – just as housing seems to be coming in line.

Germany
Finance

Germany on course for longest post-war recession – data

January 15, 2025 Mariel Alumit

GDP contracted by 0.2% in 2024 due to soaring energy costs and weak exports, official figures show The German economy contracted for a second straight year in 2024 for the first time in more than […]

Oil Well off West Africa - created by Grok on X
Crude Oil News

Oil Rises as Crude Inventories Continue to Draw

January 15, 2025 Clark Savage

Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory dip of 2 million barrels for the second week of the year. The change estimated by the EIA compared with a modest draw of […]

US tax
Finance

Trump announces new US tax agency

January 15, 2025 Mariel Alumit

The president-elect wants to set up an ‘External Revenue Service’ to collect tariffs The US will establish an ‘External Revenue Service’ to collect tariffs and duties from foreign imports, President-elect Donald Trump has said. Trump […]

China
Finance

The EU’s Trump-China dilemma

January 15, 2025 Mariel Alumit

  BRUSSELS – Relations between China and the EU are worsening – and could rapidly deteriorate when Donald Trump returns to the White House on Monday. The pledge by the self-proclaimed “Tariff Man” to impose […]

EIA
Big Oil Companies

EIA raises Henry Hub price forecast for 2025

January 15, 2025 Mariel Alumit

This is $6.4 percent higher than $2.95/MMBtu in the December 2024 STEO. EIA said in the new outlook that the Henry Hub spot price “generally rises over the next two years.” “We expect the spot […]

BRICS
BRICS

Why does Africa need BRICS?

January 15, 2025 Mariel Alumit

For African states, joining the BRICS group is the best way to truly obtain economic independence After the Suez Crisis of 1956, when US President Dwight Eisenhower asked France and Britain to park and leave […]

PPI
Finance

PPI Inflation Accelerates to +3.3%, Driven by “Core Services,” +4.0%, both the Worst Readings in Nearly 2 Years

January 14, 2025 Stu Turley

2024, the year of sharp acceleration. Services, accounting for two-thirds of PPI, are where inflation is festering and accelerating.

2025 Brings Fundamentals Back to the Fore in Oil Markets
Crude Oil News

2025 Brings Fundamentals Back to the Fore in Oil Markets

January 14, 2025 Clark Savage

Algorithmic trading resulted in significant losses for traders last year due to over-reliance on technical signals. Algorithmic traders have reduced the weight of oil in their portfolios by as much as half, from 4% in […]

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