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Canada posts $1.4B trade surplus for January, first since May 2019

Statistics Canada says January saw the country post its first trade surplus since May 2019 as exports surged higher. The agency says the surplus of $1.4 billion was the largest surplus since July 2014 and compared with a revised deficit of nearly $2 billion in December.

An employee wearing a protective mask works in the turning area of the Avon Machining LLC Manufacturing facility in Shelby Township, Michigan, U.S., on Monday, May 11, 2020. Michigan Governor Gretchen Whitmer announced last week that manufacturing workers can return to the job Monday. However, Automakers don't plan on resuming for another week, Whitmer said. Photographer: Emily Elconin/Bloomberg

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U.S. job growth blows past estimates; unemployment dips to 6.2%

U.S. employers added more jobs than forecast in February and the unemployment rate declined, suggesting the labor market is clawing its way forward again following several disappointing months.

Economics

Jerome Powell, chairman of the U.S. Federal Reserve, removes his glasses during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Thursday, Sept 24, 2020. Powell yesterday faced questions from U.S. lawmakers over the central bank's help for Americans compared with markets during the coronavirus pandemic. Photographer: Drew Angerer/Getty Images North America

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The Daily Chase: Powell versus traders; OPEC+ stands pat

U.S. futures are little changed a morning after Federal Reserve Chair Jerome Powell whipsawed markets by not changing his tune and making it clear he’s in no rush to appease traders who’ve sent the 10-year U.S. Treasury yield sharply higher in recent weeks.

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Stock market momentum comeuppance gets no sympathy from the Fed

Last summer as the Faang block was tightening its strangle-hold on equities, a theory was hatched that the only thing that could ever halt the rally in megacap tech would be evidence the economy is healing.

Jerome Powell, chairman of the U.S. Federal Reserve, wears a protective mask while arriving to testify before the House Financial Services Committee on Capitol Hill in Washington, D.C., U.S., on Wednesday, Dec. 2, 2020. Powell and Mnuchin both backed more fiscal stimulus to bridge the U.S. economy through the next few months of the pandemic amid promise for Covid-19 vaccines. Photographer: Stefani Reynolds/Bloomberg

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Powell sends dovish message that leaves bond market disappointed

Federal Reserve Chair Jerome Powell fired a warning shot across the bow of the bond market on Thursday but stopped well short of trying to rein in rising long-term interest rates.

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