The National Bank of Canada

A Canadian dollar at 75c• 242,000 jobs created in February (190,000 expected)• Unemployment rate at 4.9%• Labor force participation rate (often used to criticize an unhealthy job...

The publication yesterday of the Beige book report on the economic conditions in the 12 districts of the regional Reserves indicates that growth persists and that the Fed believes that wage growth...

The credit rating agency downgraded its outlook on China’s government bonds from stable to negative, citing rising government debt, falling currency reserves and uncertainty over...

Today is the day voters will take to the polls across 12 states to choose the presidential candidate for their respective party. On the Republicans side, there is only senator and candidate Ted...

With the global economy continuing to struggle, markets desperately need some good news. China, a major source of bearish market sentiment in recent months, now has an opportunity to be a source of...

CommentariesAfter a difficult start to 2016, oil finally found some strength: Brent and WTI both finished the week up just under 10%. Both benchmarks (in USD) are now trading in the mid-$30s. Black...

Oil finished the week at more than 32.5 USD/bbl.—an impressive increase of 10.50%. Although it may seem counter-intuitive, recent market developments have created an interesting opportunity to...

The loonie is continuing to gain ground this morning! Helped by a rebound in crude oil prices, it rose strongly halfway through yesterday’s session to close the day up by 100 pts. Dallas Fed...

Cohesion between the main oil-producing countries is proving a challenge! Yesterday, Iran called the proposal to freeze oil output "ridiculous" while Saudi Oil Minister Ali al-Naimi stated that...

Finance Minister Bill Morneau’s economic update points to an $18 billion deficit for the current year and $30 billion for next year. Economic growth has been downgraded and should reach a meagre...

A volatile week for crude saw WTI and Brent crude both up around 2%. This moderate gain was not enough to erase this year’s slide; Brent is down over 10% since January 1, and WTI has lost nearly...

Crude oil is up 3% this morning, despite resistance from Iran and Iraq to the idea of following Russia and Saudi Arabia’s lead on freezing their output at January levels. The market hopes that...

Once again last week the news was full of rumours and speculation about meetings between the oil ministers of OPEC countries and non-member countries. As the week began, word emerged that the Saudi...

Hardly a day goes by of late without mention of oil prices and this morning is no exception. The gains posted in the various asset classes since crude prices rebounded seem to indicate that we are far...

To no one’s surprise, an eventual agreement on crude oil seems less and less likely, as Iran is refusing to commit to limiting its production. Now that sanctions on the country have been lifted,...

Yesterday, it was European Central Bank President Mario Draghi’s turn to be grilled as he appeared before the EU Parliament. Much like Janet Yellen last week, Mr. Draghi said that he was...