The National Bank of Canada

Energy prices in U.S. dollars were volatile last week as the markets reacted to the Brexit vote on June 24. Prices for WTI, Brent and diesel were up 2.83%, 4.01% and 3.86%, respectively.Figures...

As anticipated, international financial markets were calm yesterday with our neighbours to the south focusing on Independence Day festivities. In Canada, encouraged in large part by rising crude oil...

Canada – In April, real GDP swelled a consensusmatching 0.1% after contracting an unrevised 0.2% the prior month. Goods-producing industries saw output shrink 0.1% (after pulling back 0.9% the...

Range of the Week : 1.2700-1.3300Investors seemed confused last week as they were trying to digest the Brexit news. We therefore observed choppy price graphs on all asset classes, and the release of...

Stock markets shrug off BrexitAs economists and political analysts continue to weigh the consequences of the Brexit vote, stock markets appear to have decided to move on. Last Friday, on the eve of...

Canadian growth on the menu todayThe truce between observers and the various asset classes seen over the last few days is continuing this morning. The fact that we must wait until a new British...

All signs seem to be pointing to month-end adjustments and the approaching U.S. holiday weekend dominating economic instability this morning. For the second session in a row, markets are in positive...

Stability at the expense of democracy?Ratings agency S&P did not take long to react: yesterday, it announced that it was downgrading the UK’s credit rating from AAA to AA. It justified its...

Canada – In April, retail trade jumped a consensustopping 0.9% after the prior month’s growth figure was revised up from -1.0% to -0.8%. Sales advanced in 7 of the 11 subsectors, led by...

Last week has been very volatile while investors were waiting for the final results of the Brexit vote on Thursday in the United Kingdom. WTI traded above USD 50/barrel in the middle of the week,...

Brexit shockwaves continueA shorter workweek is beginning in Canada and more significantly, the second session after “B” day. For the time being, the pound sterling remains the currency...

Referendum voting begins in the United KingdomThe big day is finally here in the United Kingdom with more than 46 million registered voters eligible to cast their ballots. The most recent polling...

Last day of campaigning in the United Kingdom!The United Kingdom has kicked off the final day of campaigning for tomorrow’s Brexit vote and surveys are showing that everything still remains in...

Place your bets, nothing is going according to plan!Caution is the watchword this morning, as investors’ attention remains focused on the situation in Europe. The most recent polling shows a...

Crude oil extended its losses from last week as WTI touched USD 46/barrel on Thursday before bouncing back above USD 47.95/barrel and ending the week down 2%. Brent essentially followed the same path...

Brexit and comments from Japanese and American central banks were certainly the most discussed economic topics among our team this week and those that had the most impact on all asset classes. Market...