The National Bank of Canada

Expansionary monetary policy in ChinaComments by Bank of Canada Governor Stephen Poloz last week combined with Friday’s inflation data helped the loonie end the week up close to 250 bps against...

Poloz is now optimisticStephen Poloz, the Governor of the Bank of Canada (BoC), is now forecasting that inflation will be a factor sooner and that economic growth will be more sustained across the...

Bank of Canada Rate Decision this morning at 10 AMIt’s an important day in Canada, as our central bank will hand down its key rate decision, and the NHL playoffs start this evening. Even if most...

U.S Retails sales releaseKoichi Hamada, an adviser to Japan’s Prime Minister Abe stated yesterday in a Bloomberg interview that the yen at a level around 105 would be appropriate. He also said...

Hillary Clinton confirms she’s running for US presidentLast Friday, employment figures released for Canada were a pleasant surprise for analysts, as 28,700 jobs were created in March,...

Last Friday, disappointing U.S. jobs figures had driven the USD toward the bottom of its range over the past 10 weeks. This bearish trend could be ramped up today with the release at 2 p.m. of the...

Oil industry fallout spill over into the rest of the Canadian economyAlthough many Canadian companies have been able to take advantage of the current weak loonie, plunging crude oil prices have...

In contrast with preceding weeks, when central banks stole the show, last week was notable for the release of numerous economic indicators in the U.S. and Canada. The Canadian dollar continued to be...

The energy market continued to consolidate last week as the data on U.S. crude oil inventories showed the initial signs of a reduction in U.S. output. We were also interested in the agreement reached...

Late last Thursday in Lausanne, the countries of Iran, the U.S., the U.K., France, Russia, China and Germany reached a framework for an accord on Iran's nuclear restrictions for the next ten years....

It appears this morning that negotiations will continue beyond the limits initially set by all concerned parties. Laurent Fabius, the Foreign Affairs Minister for France conceded that the final meters...

We learned in the past few hours that both the Chinese and European manufacturing sectors performed better than initially expected by the analysts polled by Bloomberg. In China, the Manufacturing PMI...

Geopolitics is front and centre this morning. In Europe, the lack of apparent progress between Greece and its creditors is worrying investors once again, driving down the single currency. In the...

The commodities market had another very tumultuous week as the U.S. dollar weakened and tensions in the Middle East pushed up oil prices. The most striking event of the week was the campaign of air...

Again last week, central banks greatly influenced the financial markets. After losing more than 125 points, the USD/CAD rebounded strongly on Friday and ended the week up by 50 points. The WTI...

North American Central Bank Statements Last Friday, U.S. Federal Reserve Chair Janet Yellen reiterated that the Fed's position remains entirely dependent on economic indicators. The Fed will...