The National Bank of Canada

The fortunes of the Canadian dollar have changed quite drastically since May. While USD/CAD was lingering near 1.37 just a couple of months ago, it is now in position to test purchasing power parity...

While U.S. President Donald Trump tries to convince us that there is no chaos in the White House, there’s no denying that appearances indicate the exact opposite. Barely a week after he arrived,...

Starting on July 24th, crude oil saw another week of gains. After starting off at USD 46.24 on Monday, WTI ended the week at USD 49.71, which represents a weekly gain of 7.3%.U.S. Crude Oil...

Last week, clear indications were expected from the U.S. Federal Reserve on when it would officially start reducing its balance sheet. Instead, we got the same song and dance as in June, and we only...

After hitting a two-year low, the USD/CAD pair ended the day yesterday with a major reversal, closing up 0.76%. We can pinpoint certain factors that contributed to the relative strength of the...

Not surprisingly, the U.S. Federal Reserve (Fed) opted for the status quo. In the statement that accompanied the decision, it was noted that reducing the balance sheet will begin “relatively...

U.S. stock markets ended the session yesterday at record levels further to the announcement of impressive earnings from major corporations such as McDonald’s (NYSE:MCD) and Caterpillar...

The meeting between OPEC member nations and Russia proved to be a productive one, as Nigeria will be joining the production cut agreement by limiting its output to 1.8 million barrels per day....

Crude oil prices have seen major movements over the past seven days. WTI crude oil began last week at USD $46.02 and reached USD $47.12 on Wednesday, its highest level in more than a month. Prices...

The Canadian dollar has not showed any signs of letting up since it began its rise, which saw it gain close to 1% last week and close to 9% since its low point in May. Canadian inflation generated...

The U.S. political environment continues to shake up markets. An announcement that a special investigative committee would look into certain dealings by members of President Donald Trump’s...

Like sports fans would say, the Canadian economy has momentum. Yesterday, Manufacturing Shipments data showed a post-recession high in factory sales. What is particularly interesting with regard to...

WASHINGTON AND THE U.S. DOLLARThe spectacular nosedive in the USD/CAD exchange rate is not solely related to the change in course from the Bank of Canada. It is important to note that some of this...

GOOD PERFORMANCE FROM THE CANADIAN DOLLARFor the past two months, the loonie has been, by far, the top-performing G10 currency against the greenback, rising more than 7%. Could this trend continue? A...

Last Wednesday morning, the Bank of Canada (BoC) raised its key rate by 25 basis points to 0.75%, the first rate increase in seven years. Further to upbeat comments from BoC Governor Stephen Poloz and...

The Chinese economy has again given observers a positive surprise: In the past quarter, the world’s second largest economy posted growth of 6.9%. Industrial output and consumption appear to have...