The UK economy contracted by 0.2% in the second quarter of the year, its worst performance since 2012. Figures from the Office for National Statistics showed the surprise contraction, which was significantly lower than the flatline economists expected. It also follows strong growth of 1.8% seen in Q1. “PMI data had indicated we were set […]

The Canadian dollar hovered at 1.37 against the USD as markets waited for jobs data on Friday; analysts were mostly bullish in their USD/CAD forecasts.

Employment in the Canadian economy to be released on Friday is likely to grow by 25,000 jobs,slightly less than half of what was added in November.

The question every Ocado shareholder has is whether the M&S tie-up will deliver. The answer so far, just a couple of weeks into the partnership, seems to be positive. Forward demand is strong, and management say adding M&S products has increased the average basket by around 5 items.

The Canadian dollar appreciated beyond the 1.35 per USD level after the Bank of Canada opted to maintain interest rates at a 22-year peak while signaling a relatively hawkish stance. The decision reversed CAD’s trajectory.