The National Bank of Canada

Despite lower producer price indices and export data, as well as three consecutive devaluations of the Chinese yuan, the energy complex was spared an even greater drop by rumors of stimulus and freer...

The Currency War ContinuesThe devaluation of the yuan, triggered by disappointing economic data, shook up markets yesterday, resulting in a generalized decrease in risk tolerance. The loonie, main...

China Devalues the Yuan!In an unexpected twist, the People’s Bank of China changed the way it calculates the yuan’s daily midpoint against the greenback, allowing it to depreciate by 2%,...

World – Markit released services PMI’s for July. After hitting a 5-month low in the prior month, the global index bounced back to 53.9, albeit remaining below the long term average. New...

United States – Non farm payrolls rose 215K in July a touch lower than consensus which was expecting a 225K increase. There were, however, upward revisions to the prior months to reflect more...

CanadaEmployment rose 7K in July according to the Labour Force Survey, close to the 5K expected by consensus. The jobless rate, however, remain unchanged at 6.8% as the participation rate fell one...

Following a steep drop in July, the Canadian dollar was relatively stable last week. In spite of it all, the loonie continues to oscillate at levels not seen in over five years. Regarding Canadian...