Friday, July 18, 2008

Quick Overview

  • Canada’s leading indicator reported unchanged for June.
  • Canada’s wholesale sales rose 1.6% MoM and 2.9% YoY.

  • The U.K. reported a budget deficit of 24.4 billion pounds for the April to June quarter -- the largest quarterly deficit since 1946.

  • U.S. cocoa grind totaled 80,415 tons in the second quarter, down 16% YoY.

  • Argentina “officially “revoked its export tax increase for grain exports.

  • (AP) Freddie Mac Chairman and Chief Executive Richard Syron pocketed nearly $19.8 million in compensation last year.

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