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The Channel

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Trade Idea of the Day Presented by: Baystreet.ca

Stocks Flat as U.S. Fed Meeting Winds Down

Canada's main stock index rose slightly on Wednesday, helped by gains in technology stocks, while investors awaited comments from the U.S. Federal Reserve on when it would ease its monetary stimulus. The TSX Composite index poked ahead of Tuesday’s all-time high, 14.02 points to approach noon... Read More

Weekly Initial Unemployment Claims increase to 412,000

The DOL reported:In the week ending June 12, the advance figure for seasonally adjusted initial claims was 412,000, an increase of 37,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 376,000 to 375,000. The 4-week moving average was 395,000,...

Micron downgrade, AT&T upgrade among today's top calls on Wall Street

Check out today's top analyst calls from around Wall Street, compiled by The Fly. SELL MICRON: Lynx... To see the rest of the story go to thefly.com. (See Story Here):(https://www.thefly.com/permalinks/entry.php/id3322408/-Micron-downgrade-ATT-upgrade-among-todays-top-calls-on-Wall-Street)

Housing Starts increased to 1.572 Million Annual Rate in May

From the Census Bureau: Permits, Starts and CompletionsHousing Starts:Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,572,000. This is 3.6 percent above the revised April estimate of 1,517,000 and is 50.3 percent above the May 2020 rate of 1,046,000. ...

USD/CAD - Canadian Dollar Sinks as Oil Rises

The Canadian dollar is on the defensive. Crude prices are rising, but the Canadian dollar is sliding as the focus shifts to this morning’s U.S. data dump and Wednesday’s Federal Open Market Committee meeting. The Canadian dollar is tracking broad U.S. dollar strength as positions get...

Seven High Frequency Indicators for the Economy

These indicators are mostly for travel and entertainment.    It will interesting to watch these sectors recover as the pandemic subsides.----- Airlines: Transportation Security Administration -----The TSA is providing daily travel numbers. Click on graph for larger image.This data shows the...

Chipotle, Wendy's upgrades among today's top calls on Wall Street

Check out today's top analyst calls from around Wall Street, compiled by The Fly. MENU PRICE HIKES:... To see the rest of the story go to thefly.com. (See Story Here):(https://www.thefly.com/permalinks/entry.php/id3320257/-Chipotle-Wendys-upgrades-among-todays-top-calls-on-Wall-Street)

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