The National Bank of Canada

Lagging LoonieCalm returned to markets on Tuesday and the greenback has recovered all the ground lost since the start of the week. Impressive economic indicators, including Consumer Confidence and...

International markets suffered a ferocious selloff Monday morning. The S&P 500 briefly fell 5.3% yesterday before rallying to end the day down 3.9%. China was largely blamed for the market...

Canada – In June, wholesale trade grew 1.3% to $55.3 billion. Five of the seven broad subsectors (representing 86% of total sales) registered gains, led by motor vehicle and parts (+3.0%) and...

Last week, for the first time since 2009 the price of WTI crude fell below US$40/barrel, marking another week of negative returns on energy prices. WTI, Brent and diesel, priced in U.S. dollars, fell...

Even if few major economic indicators were released last week, financial markets were still highly volatile. After bad news from China, the value of many commodities, including oil and copper, has...

Another day of Correction!Financial markets were greatly shaken up on Friday further to disappointing manufacturing data out of China. The global reduction in risk continues this morning before the...

The voting members of the U.S. Federal Reserve were still split over the necessity of hiking the key rate as soon as September during the last FOMC meeting that took place last July 28 and 29. The...

Pressure on Energy PricesDespite the unexpected drop in manufacturing activity in the New York region (Empire Manufacturing Index), the release yesterday of the confidence index for construction...

Caution remains the watchword this morning, as markets are waiting to parse the minutes of the latest FOMC meeting to be released at 2 p.m. Meanwhile, the U.S. Consumer Price Index was published at...

Despite the unexpected drop in manufacturing activity in the New York region (Empire Manufacturing Index), the release yesterday of the confidence index for construction companies in the residential...

Despite lower producer price indices and export data, as well as three consecutive devaluations of the Chinese yuan, the energy complex was spared an even greater drop by rumors of stimulus and freer...

The U.S. Dollar Continues to RiseThe main factors that will captivate the attention of markets in the coming week are the yuan, commodity prices, inflation figures and the minutes of the latest FOMC...

The People's Bank of China devalued the yuan for a second consecutive day on Wednesday, causing another tremor in global markets. Chinese leaders have clearly decided to let market forces dictate the...

The Currency War ContinuesThe devaluation of the yuan, triggered by disappointing economic data, shook up markets yesterday, resulting in a generalized decrease in risk tolerance. The loonie, main...

China Devalues the Yuan!In an unexpected twist, the People’s Bank of China changed the way it calculates the yuan’s daily midpoint against the greenback, allowing it to depreciate by 2%,...

World – Markit released services PMI’s for July. After hitting a 5-month low in the prior month, the global index bounced back to 53.9, albeit remaining below the long term average. New...