The National Bank of Canada

Division within OPECOptimism has given way to doubt in Vienna where OPEC members were meeting to craft an output reduction plan. The details of Iraq and Iran’s participation, as the...

Energy prices have experienced a very volatile week, as markets await the outcome of the OPEC meeting that will begin on November 30. WTI oil prices started the week at 43.32 USD/barrel and closed it...

Another surge of optimism from OPECCrude oil prices returned to positive territory yesterday after several influential OPEC members shared their optimism regarding the possibility of reaching an...

Canadian dollar hanging onSince Trump was elected, the U.S. dollar (USD) has gained so much against the other major currencies that it has reached highs unseen in nearly 13 years. The Canadian dollar...

Canada – In October, the consumer price index rose 0.2% month-over-month, allowing the year-on-year inflation rate to increase two ticks to 1.5%. This was in line with consensus expectations. In...

U.S. dollar stays strongThe diverging monetary policies between the United States and Canada are such that we continue to think that our currency is vulnerable. As our Chief Economist and Strategist...

The oil effect, an opportunity for importers?Although we had thought that the influence of crude oil prices (WTI) on the CAD had faded, yesterday’s trading day proved the contrary. Early in the...

The strength of the U.S. dollar continued undiminished in trading on Monday. The U.S. Dollar Index (DXY), which measures the USD against a basket of currencies (EUR, JPY, GBP, CAD, etc.) broke through...

WTI oil traded in a range between $43 and $46 USD/barrel over the past week. On the whole, crude oil priced in USD ended the week down 3.30%. The gain in value by the USD over the week has certainly...

It certainly was an eventful week with the eagerly anticipated results of the U.S. presidential election! On Tuesday, American voters elected Donald Trump the 45th President of the United States. His...

The surprise election of Donald Trump has brought two main themes to the forefront on financial markets.The first is the highly positive perception of the fiscal stimulus measures announced during Mr....

Trump wins the White House hands downIn the end, Republican Donald Trump will be the 45th U.S. president. Much like the campaign, the suspense lasted until the bitter end, with final results only...

At last, voting day is here!It’s Election Day for 226 million Americans today, with 50 million estimated to have already cast their ballot. The most recent surveys place Clinton up by 3% in the...

OPEC members were unable to reach an agreement on output quotas at their meeting on October 28-29. Oil prices declined by 2 USD/barrel over the past week.Among the news items that caught our...

Clinton no longer a target for the FBIFBI Director James Comey announced Sunday that the probe into the most recent emails found a few days ago did not lead to any new evidence implicating the...

After its repeated warnings about an interest rate hike this year, the Federal Reserve now finds itself with one last chance to save face. If, as we expect, the Fed hikes in December, the U.S. dollar...