The National Bank of Canada

Crude Oil Inventories in the United States rose more quickly than expected last week, with 5.88 million barrels added compared with a forecast of 4.4 million. This was still not enough to prevent the...

Greater demand for risk continued yesterday, driving U.S. stock markets to record levels, once again at the expense of safe-haven assets. The general sentiment caught up to the USD/CAD pair, bringing...

Hurricanes Harvey and Irma were the big newsmakers last week, with WTI crude oil prices ending the week without a real trend, up 0.8%. The impressive surge in the Canadian dollar helped the price of...

In trading yesterday, we saw the return of appetite for risk on markets in general. The S&P 500, Dow Jones and Nasdaq all rose by more than 1%, while safe-haven assets like gold, the yen and U.S....

The end of the week was marked with Canadian job data for August. At first glance, the data were excellent, with 22,200 positions created instead of the expected 15,000. What’s more, the...

The U.S. Dollar Index, which measures the strength of the USD against a basket of other currencies, has been in a persistent slump since the start of 2017 and has just reached a new low for the year....

The market in general and economists in particular had expected the Bank of Canada to hold off until October to take action. Instead, Governor Stephen Poloz opted to raise the BoC’s key rate...

On Friday, the U.S. job creation reading for August came in at 156,000, disappointing markets, which had expected 180,000. The letdown increased with unemployment, which rose from 4.3% to 4.4%, and...

A stronger-than-expected first half of the year prompts us to upgrade our Canadian GDP growth forecast for 2017 to 2.9%. Solid growth is being complemented by a healthy labour market, the latter...

The Canadian economy is firing on all cylinders. Yesterday, monthly GDP data for June showed that Canada experienced economic growth close to 4.5% (annualized) in the second quarter of 2017, with...

Yesterday, numerous diplomats reacted to the missile launched by North Korea that overflew northern Japan. As could have been expected, reactions were varied: the United Nations Security Council and...

Hurricane Harvey, which continues to paralyze the city of Houston as well as many Texas Gulf Coast communities, remains the main topic of conversation. Considering the substantial concentration of...

For the loonie, last week started out on a positive note, with Retail Sales data excluding automobiles coming in well ahead of the consensus among analysts polled, with an increase of 0.7% in June....

Markets had very little reaction Friday after the speech by U.S. Federal Reserve Chair Janet Yellen at the Jackson Hole Economic Policy Symposium. Yellen primarily discussed regulating financial...

During a trading day that saw little in the way of volatility or news, the Canadian dollar gained ground despite weak crude oil prices. The price of WTI crude oil lost 2% yesterday as Hurricane Harvey...

The U.S. dollar was under pressure on Wednesday further to President Donald Trump’s comments that he would be prepared to shut down the government if Congress does not raise the federal debt...