The National Bank of Canada

The trade-weighted USD looks stretched after gaining about 20% over the last two years. The last time the greenback saw a similar surge was in 1997, and that didn’t end up well for the global...

One of the joys of the Holiday Season is the opportunity to say thank you and to wish you the very best for the New Year. The Risk Management Solutions Group.

Revised U.S. GDP todayNegotiations are underway further to Sunday’s elections in Spain. Both traditional parties lost a great deal of ground in favour of new anti-austerity formations and...

Energy prices failed to bounce back following their worst period of the year. WTI, Brent and diesel fell -2.2%, -3.2% and -2.5%, respectively, over the last five days. According to JPMorgan (N:JPM),...

Crude oil continues to fall this morning as the price of WTI is trading below the level of $35, the lowest level since the 2008/2009 financial crisis. Despite this, the Canadian dollar is relatively...

In a historic move, the Federal Reserve announced that it was increasing its bellwether rate by 0.25%, as expected. Moreover, the Fed indicated that other increases will follow in 2016 for a total of...

Oil resisted further downward pressure yesterday as Iran’s oil deputy minister reiterated that plans to increase the country’s oil exports would not be held back despite weak crude prices....

Canada – Housing starts jumped more than 7% toreach a consensus-topping 212K in November. The increase in starts was due largely to urban areas (+7.7%), although there were also small gains in...

Last week crude oil prices plummeted 11%, the worst week for energy prices in U.S. dollars since late 2014. The sharp decline in energy prices is weighing heavily on the U.S. energy sector. Due to an...

A December interest-rate hike isn’t fully priced-in by markets and as such there is upside potential for the USD if the FOMC delivers on its repeated warnings that rates will go up before...

Crude falling!Last week was extremely turbulent in financial markets as oil prices tumbled 12% to a 7-year low. Weak commodity prices spilled over into equities pushing the S&P 3.8% lower during...

Reduced Cushing crude oil inventoriesU.S. crude oil inventories dropped by 3.6 million barrels, the first decline since September 18 (11 weeks ago). Crude oil rose by close to 3.8% in the morning,...

New 11-year low for the loonie!Bank of Canada Governor Stephen Poloz struck a rather optimistic tone yesterday in a speech given in Toronto. He said that the Canadian economy, at least for the time...

Oil down sharply!Friday’s announcement from OPEC that it would no longer enforce a quota resulted in a drop of close to 6% in crude oil, which ended the day at $37.65 a barrel and dragged down...

U.S. job creation outstrips expectationsFriday’s job creation figures south of the border have left little room for doubt regarding a future key rate hike from the Federal Reserve. Markets now...