The National Bank of Canada

The USD returned to winning ways in May as improving US data made clear to investors that the Q1 GDP slump was an aberration. We continue to believe that diverging monetary policies between the Fed...

First quarter GDP data released by Statistics Canada on Friday confirmed that economic growth shrank by 0.6%, compared to an annualized increase of 2.2% for Q4 2014. The same situation held true south...

The Greenback Still On a Tear!The loonie continued to fall yesterday, as the Bank of Canada kept its key rate unchanged. In its statement, the BoC mentioned that it would assess the impact of a rising...

Bank of Canada Key Rate Decision at 10 a.m.North-American markets had a difficult day yesterday, because positive economic indicators increase the likelihood that the U.S. Federal Reserve will tighten...

While waiting for the Bank of Canada’s Key Rate Decision tomorrow, many economic indicators of note will be released today in the United States. We will be monitoring Durable Goods Orders at...

Energy prices in U.S. mainly pulled back last week, with diesel, Brent and WTI prices fluctuating by -2.7%, -1.9% and +0.1% respectively.In the past week, U.S. oil production decreased the most it did...

The Greek Saga Continues!The euro continues to lose ground today, because the Prime Minister of Greece Alexis Tsipras declared on Saturday that his country would not accept "humiliating bailout...

Canada – The consumer price index fell 0.1% in April, allowing the year-on-year inflation rate to drop to 0.8%, the lowest since November 2013. In seasonally adjusted terms, CPI also fell 0.1%,...

The minutes of the most recent FOMC meeting released yesterday largely reflected the official statement from April 29. Much like the BoC, which remains uncertain about the impact recent shocks will...

After a couple of tough months, the real estate sector south of the border appears to have gotten back on its feet in April, notching its strongest monthly growth in 7 years in terms of both Housing...

After rising for eight consecutive weeks, a barrel of oil, quoted in U.S. dollars, is starting the week on the downside. The price of gold depreciated of more than 2.5% since Monday. Weekly data...

The world's bond markets became more volatile last week, with daily movements reaching as much as 10 points. Canada's 10-Year rates are approaching levels last seen just before the Bank of Canada...

Greenback RalliesAlthough this week is a short one for most of us, it’s certainly likely to be an interesting one as we seek to determine whether the bearish pressures affecting the greenback...

U.S. Consumers Take a BreakWe learned yesterday that Retail Sales stalled in April in the U.S., with no increase compared to March. While many pundits were betting on a rise in spending in the spring,...

Eurozone GDP figures for Q1 of 2015 were released during the night. We learned that the EU economy grew by 0.4%, a slight improvement compared to the 0.3% recorded in Q4 of 2014. While the progress is...

After having reached a 4-week high, black gold ended the week at prices close to those recorded on Monday.• In order to rise above US$60/barrel, WTI crude needed the good news in the crude oil...