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Daily Archives: January 16, 2024
Outlook weakening under equity market optimsim
January US Empire Manufacturing reading this morning was -43.7, much worse than the -5 estimated and much weaker than during the 2008 financial crisis/great recession. January Empire Manufacturing Index plunged to -43.7 vs. -5 est. & -14.5 prior; interestingly, index … Continue reading
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Rate cuts come as demand-driven economy slows
The Bank of Canada’s (BOC’s) Business Outlook Survey for the fourth quarter of 2023 found that 40% of Canadian companies were experiencing a slowdown in sales. Indicators of future sales – including order books, advance bookings, and sales inquiries – … Continue reading
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