Of all the websites about Canada’s economy, CEP was tops.
We were stunned and saddened to hear it was shutting its doors. The website’s last day was April 30.
“Due to the current economic environment and financial crisis, CEP News made the difficult decision of winding down its operations,” said Paula Midena, Director of Sales and Marketing.
CEP covered economic news from a Canadian perspective and was invaluable for its reporting of Canada’s bond market, economic indicators, interest rates, and Bank of Canada predictions.
The company’s main revenue source was syndication, a tough business in which it competed against meganews organizations, Dow Jones and Reuters. The company had distribution agreements with major websites (including Yahoo Finance and MSN Sympatico), newspapers, and global publications. It also sold advertising to an array companies and premium subscription memberships to forex and fixed income traders.
On a positive note, Midena says, “Some of our former employees are currently working on several exciting projects that will be unveiled in the next few weeks.”
“Stay tuned!” she told us.
Last modified: April 29, 2014
Sad news indeed. I’ll certainly miss their economic chatterwire, closing market recaps and market previews….they were excellent.
I also enjoyed their live broadcast and certainly miss it.
Good luck to all former employees!
Chuck
What’s Priced In: Current Market Expectations for Future Monetary Policy.Where may I find something similar?
Grigore
P.S.Very useful site.I will miss a lot.
Hi Grigore, This was my favorite feature as well. I’m not sure where to find it now. Perhaps we can calculate it and post it on CMT. I’ll have to look into it. Cheers, – Rob
I will miss CEP too.
This is an absolute shame. An absolutely top class website, with impecably accurate information. It was essential reading for my daily market recaps, all the way over in Europe!
Look at http://www.actioneconomics.com as an alternative.
CEP will definitely be missed! At least by me and all my colleagues here at BC who used it extensively each trading day, especially their market chatter service…does anyone know where I can find an alternative service for the same price? I tried MarketNews FX Bullets but they are too expensive for a small trader like me.
Good luck to all the reporters at CEP in their future career endeavors, I’m sure we’ll see them at other publications soon.
CMT: Please keep us informed if any of the former CEP employees launch any new websites or services, I’ll be their first subscriber!
Samuel
I always used CEP for economic news and I long for it to be back. Have any new sites replaced it?