The National Bank of Canada

DISAPPOINTMENT AT THE OPEC SUMMITMarkets were unquestionably disappointed after the meeting of oil-producing nations held in Vienna this week, which resulted in an announcement that the production...

In a very short statement, after announcing there would be no change to its monetary policy, the Bank of Canada (BoC) delivered a message that some analysts called “more optimistic than...

For the fifth day in a row, crude oil prices (WTI) rose, bringing with them currencies from commodity-based economies such as the CAD, AUD and the NZD. The roots of this price rally lie in...

The U.S. dollar, which has had the wind in its sails since the start of the year, has now hit a particularly rough patch, especially against the euro (EUR) and yen (JPY). This trend continued...

CANADA: Retail sales rose 0.7% in March (6.9% y/y) following an upwardly-revised -0.4% print the prior month. Sales rose in 6 of the 11 major subsectors, including a 3.2% increase for autos. Excluding...

The U.S. Dollar Index (DXY), which measures the greenback against the other major currencies, has officially given up all of the 6% gained since the U.S. elections, in large part to the benefit of the...

The U.S. dollar saw another day of losses yesterday, giving up 27 points (0.2%) against the Canadian dollar and 108 points (0.98%) against the euro as markets are concerned with the lack of discretion...

MARKETS RISINGThe output cuts announced by Russia and Saudi Arabia sent crude oil prices, stock markets and the Canadian dollar soaring, with the S&P 500 Index even hitting a record level of 2400...

Uncertainty regarding the Trump administration’s ability to keep its campaign promises rose again last week, after the surprise firing of FBI Director James Comey. The Canadian dollar was unable...

Let’s take a step back and look at the highlights of recent days to start off the week on the right foot: disappointing U.S. economic indicators released on Friday, including inflation below the...

Yesterday was an excellent day for WTI crude oil prices, which continue to rise this morning further to the release of data showing a more substantial decline than anticipated in petroleum inventories...

Stock exchanges and crude oil prices nudged upward yesterday, with the euro down against the U.S. dollar. According to many analysts, the outcome of the French presidential elections should simplify...

After a long campaign, centrist candidate Emmanuel Macron emerged the winner in the French presidential election. Nevertheless, profit-taking on the euro and the major European stock exchanges are on...

The CAD certainly made liars out of us who were calling for a quiet trading day yesterday. Faced with mounting negative pressures and having to deal with crude oil down more than 2.4%, the loonie gave...

U.S. civil servants can breathe a sigh of relief this morning, as Congress has reached an agreement that will unblock the $1.1 trillion needed for the government to continue operating until September....

The correction continued yesterday for the Canadian dollar, which is the worst performing G10 currency against the U.S. dollar since the start of April! Difficulties with energy prices, tweets from...