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The Canadian dollar was flat on Friday as the U.S. dollar rally triggered by the hawkish economic projections published on Wednesday by the Fed were offset by rising risk concerns about North Korea....
Retail sales rose 0.4% to $49.1 billion in July. Higher sales at motor vehicle and parts dealers and food and beverage stores were the main contributors to the gain.Sales were up in 6 of 11...
Friday finds a number of major currencies starting to rebound against the U.S. dollar amid a flurry of market moving developments heading into the weekend. Stocks and energy commodities have been...
Further to yesterday’s comments, U.S. Federal Reserve Chairman Janet Yellen addressed the following themes yesterday:- Is a rate hike potentially in the cards in 2017? YES, the Fed is still...
The Canadian dollar was lower against its U.S. counterpart on Wednesday. The U.S. Federal Reserve published its updated economic projections and, as expected, kept the interest rate unchanged at...
The impact of yesterday's Fed meeting continues to work its way through world markets. Hawkish leanings among FOMC members sparked a U.S. dollar rally that has continued into today.As expected, the...
Deputy Bank of Canada Governor Timothy Lane had criticized the BoC for raising its key rate on Sept. 6 at a meeting with no scheduled press conference. Yesterday, he took advantage of a speech in...
Crude oil has popped back up above $50 attracting renewed interest ahead of U.S. President Donald Trump's speech to the UN General Assembly. The president is expected to focus his comments on North...
Bank of Canada Deputy Governor Tim Lane, answering questions from the audience following a speech in Saskatoon, Sask., on Monday said the central bank is closely monitoring the impact of a stronger...
Friday’s news out of the United States was not good: Retail Sales and all sub-components of that index came in well below expectations. However, the market’s mind is elsewhere. Even North...
U.S. stock markets have picked up where they left off Friday, with the Dow breaking out to a new all-time high, the S&P 500 breaking through 2,500 and the Nasdaq 100 clearing the 6,000 level....
The Australian dollar (AUD) and the Canadian dollar (CAD) are called “commodity currencies” for a reason. The reason is that regardless of what’s happening in their associated local...
U.S. inflation is slowly moving toward the U.S. Federal Reserve’s 2% target, while it stood at an annualized rate of 1.9% in August, slightly above the expectations of 1.8% of the analysts...
So far this morning, the biggest market action by far has been in the U.K., where Sterling is soaring and the FTSE is plunging.Building on the upward momentum from Thursday, the pound has skyrocketed...
The provincial NDP government in British Columbia took power in Victoria less than two months ago. Given this short period of time and the need to build a political alliance with the Green Party, it...