The National Bank of Canada

As Easter Weekend continues for many, reaction to Friday’s announcement of better-than-expected U.S. growth in the final quarter of 2015 has been limited. The annualized reading of 1.4% compared...

After rebounding 58% since February 11, crude oil had a rough ride yesterday, when stockpile levels came in above analysts’ expectations. U.S. crude oil inventories reached a record high, up 9.4...

Deficit to hit $29.4 billion this year!According to the details of yesterday’s Liberal budget, the cumulative deficits for the next six years should reach $120 billion. For this year, the...

The airport and metro system in Brussels were hit overnight by terrorist attacks that left at least 21 dead. These attacks impacted the euro, which is down against most major currencies. The loonie...

After another excellent week for the Canadian dollar, our clients who export goods south of the border are getting increasingly nervous. Since the high of 1.4690 recorded on January 20, the Canadian...

Stocks stayed in the green and the U.S. dollar lost ground yesterday in the wake of the Fed’s announcement on Wednesday that it would ease off its rate hike plans. The S&P briefly moved into...

The Fed put aside inflationary risks and instead focused on financial concerns and sluggish global growth to justify its decision not to raise rates and to reduce expectations regarding rate hikes in...

The loonie started to show hints of weakness Tuesday as crude oil nosedived for the second straight day. Our dollar slipped back below 75 cents and the trend could continue if the Fed shows signs of...

Crude oil dropped 3.4% Monday further to comments from OPEC confirming that Iran had upped its production in February. Tehran appears to want to boost output before agreeing with other OPEC producers...

CommentariesOil is back to 40 USD/bbl.—at least for Brent. Brent oil broke the $40 barrier for the first time this year, and WTI closed the week just under that level. WTI ended almost 8% in the...

Range of the week : 1.3000-1.3550Last week, the Bank of Canada (BoC) got the ball rolling for the central banks by being the first to update its monetary policy, speaking before the European Central...

The agenda this week is packed with news that will dictate the course of the USD, as Fed members meet tomorrow and Wednesday. The meeting will wrap up with a key rate decision and new economic...

Expectations were high for the European Central Bank’s announcement: rate cuts and increased quantitative easing (QE),and the ECB delivered as expected.The initial result were unmistakably...

The tone of the Bank of Canada’s announcement was mostly neutral and even positive regarding the steady growth of exports in sectors unrelated to energy. There was no negative mention of the...

The USD/CAD pair rebounded along with dropping oil prices yesterday. This timid rebound has been in place since the 200-day moving average (1.3280) was tested on Monday. This same 200-day moving...

Two weeks of central bank news!Oil prices continued to climb on Monday. WTI crude oil reached $38 a barrel, mainly due to three factors: • The production freeze (not reduction) proposed in...