The National Bank of Canada

After the release of North American employment figures (April) on Friday—below expectations for Canada (-20,000) and according to expectations in the U.S. (+ 223,000)—the attention of...

U.S. stocks overvalued, Yellen saysAt a conference in Washington yesterday, accompanied by IMF Managing Director Christine Lagarde and Massachusetts Senator Elizabeth Warren, Fed Chair Janet Yellen...

In a speech yesterday, Bank of Canada Senior Deputy Governor Carolyn Wilkins tempered the recent optimistic comments by Governor Stephen Poloz, stressing that weak job creation in Canada is a sign...

The trade-weighted US Dollar Index's impressive run ended with a nearly 2% decline in April, the worst monthly performance since September 2013. Weaker than expected US economic data in the first...

Yesterday, we received confirmation that the U.S. manufacturing sector is recovering, with growth of 2.1% in Factory Orders for March. The USD/CAD pairing has remained relatively stationary since...

Yesterday, we received confirmation that the U.S. manufacturing sector is recovering, with growth of 2.1% in Factory Orders for March. The USD/CAD pairing has remained relatively stationary since...

Energy prices, measured in U.S. dollars, continued to climb last week, with WTI, North Sea crude (Brent) and diesel up 3.3%, 1.6% and 2.9%, respectively, on the week. Black gold is now trading at...

The USD/CAD began the week in the red zone as the greenback lost nearly 230 points to the loonie. However, that trend reversed later in the week and the USD/CAD finished the week at the same level...

Is this the beginning of a USD rally?The US dollar picked up steam again Friday after losing some 5.5% over the last three weeks in April against major currencies.Over the same period, the loonie...

Canadian GDP Growth Stalls in FebruaryYesterday’s release of Canadian GDP data (February) revealed that the economy stalled during the second month of 2015. In addition, Statistics Canada...

The Fed Will Wait and SeeYesterday a flurry of U.S. economic indicators was released. First, the 1st reading of U.S. GDP data revealed that in Q1, the economy only grew at a rate of 0.2% (YoY). Given...

Yesterday, the US dollar fell against major currencies after the USD Consumer Confidence Index was released. Specifically with respect to the loonie, the greenback gave up more than 50 bps. Household...

Greek ShuffleYesterday saw the loonie continue to rise against the greenback. Markets are awaiting the release of important economic indicators in both the U.S. and Canada, in addition to the Federal...

For a sixth week in a row, the price of oil closed the week highe ron Friday as renewed bombing in Yemen underscored how unstable the region has become. New data from the U.S. Department of Energy on...

Japan’s credit rating is cutThis morning, the loonie and crude oil prices are showing some signs of stability after having rebounded last week. Data released on Friday from oil driller Baker...

After a long stretch of deficit budgets in Canada, the federal budget tabled yesterday by the Conservative government confirmed a surplus of $1.4 billion for this year, despite plunging crude oil...