The National Bank of Canada

The currency market revolves around themes. The theme of the first round of French elections produced a strong upward reaction for the EUR. With the recent reliability woes in polling, markets had...

Energy prices fell last week, as WTI crude oil, diesel and gasoline denominated in USD dropped -6.7%,-.8% and -5.2% respectively.Saudi Energy Minister Khalid Al-Falih stated on Thursday that the main...

The Canadian dollar had a rough week against its U.S. counterpart, wiping out the loonie’s gains from the previous week. The USD/CAD exchange rate is nearing the 1.3500 mark our economists had...

CANADA: The consumer price index rose 0.2% in March, allowing the year-on-year inflation rate to decrease 4 ticks to 1.6%. In seasonally adjusted terms, CPI was down 0.2% as higher prices for food,...

Markets did their best to make liars out of the analysts claiming a weaker correlation between the price of crude oil and the CAD. With the announcement of a major surge in Gasoline Inventories in the...

British Prime Minister Theresa May’s decision to go back on her promise not to call an election ended up being very good news for the pound sterling. As if markets had been taken aback and...

British Prime Minister Theresa May’s decision to go back on her promise not to call an election ended up being very good news for the pound sterling. As if markets had been taken aback and...

As market players all return from the Easter holiday, you have to wonder what the deal is with the U.S. economy. Despite promises of additional rate hikes and a reduced balance sheet for the Federal...

CANADA: Housing starts soared to an annualized 253.7K in March, their highest level since September 2007. Most of the increase came from urban multiples, which sprang 37.3K units (+30.2%) to 161.0K....

CANADA: Employment increased 19K in March according to the Labour Force Survey. However, this did not prevent the jobless rate from rising one tick to 6.7% as the participation rate increased to 65.9%...

Falling stock markets on Wednesday set the tone for the Canadian dollar, which suffered its third straight day in negative territory and below 74.5 cents. This trend could continue if comments from...

On Tuesday, the Canadian dollar had another rough day, giving up more than 0.15% against the U.S. dollar. The Australian dollar, which is often correlated with the loonie, also lost ground against the...

On a Monday with little in the way of news, pressure remained strong on the loonie, driving it down close to 0.5% in trading. Traders looking for a reason for the downturn have concluded that the...

Crude oil broke through the psychological threshold of 50 USD/barrel for the first time in three weeks. When denominated in USD, it rose 5.5% in the past week.Saudi Arabia sent a warning message to...

While the U.S. dollar just registered its worst quarterly performance since 2010, we haven’t lost faith in the currency, expecting it to bounce back sooner rather than later. Diverging monetary...

The U.S. dollar ended last week on a high note as confidence regarding the world’s largest economy remained high. European currencies are still fragile due to the long process of taking the...