The National Bank of Canada

Loonie remains frozen in place despite Canadian developmentsStatistics Canada’s GDP figures were in line with projections yesterday, which resulted in very little reaction in terms of the...

The pulse of the Canadian economy on the agendaMarket observers were clearly disappointed yesterday with another round of fruitless talks in Vienna on oil output. Anticipations that OPEC member...

Last week, the prices of WTI oil fell by 3.60% which is the first drop in weekly prices since mid-September. The price of diesel, in Canadian dollars, fell by one cent.Amongst the noteworthy news: An...

Peak political uncertaintyFriday’s announcement by the FBI that it was reopening its probe into the much-discussed emails of presidential candidate Hillary Clinton has shaken up stock markets,...

WTI oil falls below $50 a barrel!Bearish pressure on energy markets yesterday drove WTI oil down more than 2% despite the release of Crude Oil Inventories that fell well short of analysts’...

Russians say “Nyet” to oil output cut!The perspective of a key rate increase from the U.S. Federal Reserve (Fed) as soon as December is favourable to the U.S. dollar, which has gained...

A great deal of volatility for the Canadian dollar!Waves of volatility continue for the Canadian dollar, which went on another roller coaster ride yesterday. Our currency firmed up late in the session...

Last week crude oil prices were relatively stable, with WTI moving in a range of USD 49 to 52/barrel. The price of diesel in CAD/litre climbed 0.02 CAD/litre.The market is wondering whether the OPEC...

Canada – Retail sales fell 0.1% in August, disappointing consensus which was looking for an increase of 0.3%. The prior month was revised down to -0.2% (from -0.1%). In August, sales declined in...

Brief patch of volatility for the Canadian dollarThe Canadian dollar briefly gained ground after the Bank of Canada (BoC) announced that it would keep its key rate unchanged. Comments from Governor...

Spotlight on the Bank of Canada todayCommodity linked currencies such as the loonie are up this morning. While speaking at a London conference yesterday, OPEC’s Secretary General reiterated that...

With OPEC meeting with Russia in Istanbul last week to discuss a potential reduction in production levels, WTI oil was trading at the USD 51/barrel level.Among the news items that caught our...

Canada – In September, the Teranet–National Bank National Composite House Price Index™ rose 0.8% over the previous month. This was the second largest September increase since the...

A clearer picture for December emergesThe release of the minutes of the most recent U.S. Federal Reserve (Fed) meeting took on a singular importance as investors appear to be reviewing their...

Demand for U.S. dollar remains strongThe numerous U.S. economic indicators released yesterday beat market expectations on the whole, including Factory Orders, the ISM Non-Manufacturing Index and the...

Pound sterling plunges sharply (cont.)The pound sterling’s slide continued throughout the day on Tuesday. Against the U.S. dollar, the spot rate dipped briefly below 1.2700, meaning we have...