The National Bank of Canada Analysis

Daily Update: Euro Bouyed By French Business Community Morale By The National Bank of Canada - Mar 25, 2015

Logic-defying volatilityInvestors appear to have been right to question the recent gains by the euro. After all, even though the actual date when Greece’s coffers would be empty has already been...

Daily Update: USD Under Pressure As Fed Comments Under Analysis By The National Bank of Canada - Mar 24, 2015

Fed’s comments still under analysisThe greenback is once again under pressure this morning, as investors mull over the various comments that Fed members continue to make. In short, Fed officials...

Saudi Comments Hit Crude Oil By The National Bank of Canada - Mar 23, 2015

Discussions continue in EuropeIn Europe, Greek Prime Minister Alexis Tsipras is to meet with German Chancellor Angela Merkel for the second time in five days to continue discussions related to the...

FX Daily Update: US Dollar Falls In Response To Fed Statement By The National Bank of Canada - Mar 19, 2015

What should we take away from the Fed’s statement?As expected by many economists and investors, the U.S. Federal Reserve adjusted the wording of its communication to the markets by removing the...

Will The Fed Continue To Be 'Patient''? By The National Bank of Canada - Mar 18, 2015

Markets are impatiently awaiting the U.S. Federal Reserve's statement this afternoon at 2 p.m. Few pundits are expecting the key rate to be increased, but the speech given by Chair Janet Yellen will...

USD/CAD Spikes By The National Bank of Canada - Mar 16, 2015

Despite a calm week in terms of economic data, the U.S. dollar continued to appreciate against all other currencies.The USD/CAD did not escape this trend and rose by more than 150 points over the...

The Greenback Continues To Be Strong By The National Bank of Canada - Mar 16, 2015

Friday's release of Canadian job figures underscored a situation that was not as difficult as expected. Across our nation, 1,000 jobs were lost in February, whereas economists had expected these...

Loonie To Reach Its Lowest Level In 2015 Today? By The National Bank of Canada - Mar 12, 2015

Pressure on the Canadian dollar is being felt, and could drive the USD/CAD pairing to its lowest level since the start of the year. As we await next week's Fed meeting, markets are sensitive to...

Euro In Freefall By The National Bank of Canada - Mar 11, 2015

Yesterday was a trying day on U.S. stock markets, as the diverging direction of monetary policy in the United States compared to the rest of the planet drove investors towards profit-taking. With the...

Upcoming Rise In The Policy Rate In The US? By The National Bank of Canada - Mar 10, 2015

Yesterday was very calm on markets, particularly for the USD/CAD pairing, which remained confined within a 40-pt range. This trend should persist in the coming days, with many investors opting to...

U.S. Rig Count Falls Again By The National Bank of Canada - Mar 09, 2015

Even if the price of WTI crude was relatively unchanged on the week, Brent slipped 3%. We can nevertheless say that the volatility seen in energy prices over the last few months appears to be...

EUR/USD Takes A Beating By The National Bank of Canada - Mar 09, 2015

Central banks monopolized the economic landscape this week in the wake of the publication of several economic indicators. Over the week, the USD/CAD gained 110 points while the EUR/USD lost more than...

Strong Job Creation South Of The Border By The National Bank of Canada - Mar 09, 2015

Once again, the United States took markets by surprise last week, when Friday's job numbers showed 295,000 new positions in February instead of the consensus of 240,000, driving unemployment rate down...

BOC Holds Rate Steady By The National Bank of Canada - Mar 05, 2015

The Bank of Canada's Key Rate Decision yesterday did not create the same surprise as the last meeting did. Governor Stephen Poloz kept the key rate at 0.75%, and praised his actions by stating that...

Bank of Canada Rate Decision By The National Bank of Canada - Mar 04, 2015

Canada's 2.4% economic growth result for Q4 of 2014 released yesterday proved to be a pleasant surprise for economists, as it came in 0.4% higher than their forecasts. The increase in the last quarter...

Nasdaq Ends Above 5000 For The First Time In 15 Years! By The National Bank of Canada - Mar 03, 2015

Yesterday the Nasdaq closed above 5,000 for the first time since March of 2000. U.S. stock markets are currently establishing significant roadposts, because the Dow Jones Industrial Average and...

U.S. Inflation Rate Decreased In Line With Market Expectations By The National Bank of Canada - Mar 03, 2015

Economic HighlightsBetween the slump of oil prices, the speeches of the central bankers and the release of several economic indicators, financial markets have had a lot to get their teeth into last...