David Rosenberg, chief economist for Gluskin-Sheff, is a contrarian with a superior intellect than our own. That’s why we hang on most every word he says.
Euro trades past 1.42… Geithner make a promise to China… Central Bank meetings this week… Canada’s Fin Min, speaks… And Now… Today’s Pfennig!
Dollar continues to rally… John Taylor buys dollars… Canada sees a deficit! More bailout funding… And Now… Today’s Pfennig!
Canada’s gross domestic product (GDP) shrank 0.1% in the first quarter (or 0.3% annualized), marking the country’s first decline since the second quarter of 2003.
In the currency market, the dollar sagged a bit against the euro. Late Friday, the euro was trading at $1.5549 vs. $1.5501 on Thursday.