The National Bank of Canada

Fed leaves door openThe tone of the statement that accompanied yesterday’s Federal Reserve decision just barely bordered on optimism. To no great surprise, the key rate remained unchanged, but...

Waiting for the Fed…Japanese Prime Minister Shinzo Abe surprisingly revealed yesterday that he intended to put in place a fiscal plan valued at some 28 trillion yen ($265 billion USD) to...

Crude oil prices downU.S. West Texas Intermediate (WTI) benchmark crude oil is now trading at a 3-month low, with markets struggling to absorb some 520 million barrels of inventory in the United...

Last week WTI crude traded in a range of USD 43.75 to 46.05/barrel. Overall, WTI closed the week down 2.32%, Brent Oil fell 2.70% and diesel was down 1.51%. The rise in the value of the U.S. dollar...

G20 finance ministers wound up their meeting in China by stating that all necessary monetary, fiscal and structural measures would be deployed to stimulate growth. In contrast to the ECB, which said...

Too calm on the USD/CAD front?The brief foray by WTI crude oil below $44.50 immediately weakened the CAD. The movement later reversed, but technically the harm was done and we could see further...

As was the case Monday, U.S. economic news yesterday was reassuring for the real estate sector (Housing Starts and Building Permits) and lends further credence to the idea that markets may be wrong in...

Calm MondayAs is often the case on Mondays, things were calm on the currency front with the exception of the big news story over the weekend with the coup d’état in Turkey, which now...

The news that received the most attention in Canada was the Bank of Canada’s release of its monetary policy decision and, in particular, comments made by Governor Poloz at the press conference....

Our webinarStéfane Marion, our Economist and Chief Strategist, shared his post-Brexit analysis with us in our webinar on Thursday, July 14. If you have not had the chance to listen to it, click...

Canada – Manufacturing sales dropped 1% in May, after an unrevised 1.0% rise the prior month. In May, sales were down in 15 of the 21 broad industries (representing 70% of total Canadian...

Bank of Canada maintains courseTo no great surprise, BoC Governor Stephen Poloz announced yesterday that the bank’s key rate would stay at 0.5%. The BoC also downgraded its growth projections...

Bank of Canada rate decision todayBank of Canada Governor Stephen Poloz will announce the BoC’s key rate decision this morning at 10 a.m. Although investors expect the rate to remain unchanged...

New UK Prime MinisterHome Secretary Theresa May is poised to take over from outgoing Prime Minister David Cameron after her only rival for the position, Energy Minister Andrea Leadsom, had to drop out...

Comforting news on the U.S jobs frontFriday’s job figures from south of the border certainly brought down investors’ level of concern at the onset of the summer period. In short, 287,000...

Where does the Fed stand?Yesterday, concerns about the fallout from Brexit resulted in a strong greenback in the morning until the release of theminutes of the most recent Fed meeting took the wind...