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Canada: Retail Sales fell 2.1% in December

Canadian retail sales contracted 2.1% during December, missing expectations at -0.3%. Excluding the automobile sector, sales dropped 0.9% vs. +0.1% forecasted.

Canada: CPI rose 0.5% YoY in January

Canadian consumer prices rose 0.5% in a year to January, missing expectations at 0.7%. On a monthly basis prices rose 0.1%, vs. 0.2% expected...
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Forex Flash: Government debt in Europe remains historically high – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “Given that government balance sheets across the Euro area remain distinct, the fiscal strength of the Euro area as a whole still rests in large part on its most vulnerable member states.” With the fiscally weakest small member states now covered by support programs, the focus has shifted to larger Euro area countries with fiscal challenges, since their potential fiscal needs exceed the current size of the European fiscal rescue facilities.
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