Federal Reserve issues softer economic outlook
Beige book shows greatest weakness in real estate, construction
- By: James Langton
- July 28, 2010 July 28, 2010
- 15:08
Beige book shows greatest weakness in real estate, construction
U.S. durable goods orders dropped 1% in June
Commodities decline
Premiums and deposits up 33%
Natural Gas Exchange will remain open
Job worries persist despite employment gains
Disruption in global demand, strong loonie, and weak U.S. economic recovery pose risks
Dollar climbs
Dollar moves up
Total filings down nearly 13% from May 2009
Investors await U.S. home sales data
GDP numbers coming Friday
Drop in core inflation gives Bank of Canada breathing room
Euro stress test gives some confidence
Inflation drops to the lowest level in eight months in June
Private demand around the world may not be strong enough to sustain the recovery.
Dollar higher on strong commodities prices
Sales drop in six of 11 retail sectors
Loblaw Q2 profit down 7%
Fed’s ability to aggressively deal with further economic shocks is beginning to run thin
Oil slumps, gold flat
Bullion Management CEO outlines gold’s appeal for investors, central banks
Poor weather hurts agricultural sales
Dollar continues to climb