The National Bank of Canada

We saw a slight reprieve last week on the currency market volatility front compared to the last 4 weeks. Indeed, the events with high potential volatility that were expected last week, as the first...

Friday's Statistics Canada inflation figures showed an increase of 1.2% in the CPI in June, 0.5% higher than the previous month. This increase was due mainly to higher crude prices, which hit $109.35...

Canada – Existing home sales rose 3.3% in June compared to May, on a seasonally adjusted basis, a fourth consecutive increase. This is the first time in 12 months that sales are up compared to...

The stock index tracking the 500 largest U.S. companies seized on good news to reach historic highs during yesterday's training session, as companies released their corporate earnings. The WTI Crude...

Yesterday, the three heads of the central banks gave speeches that were strangely along the same lines. Unanimously, the central banks stated that they were waiting to see evidence of more convincing...

Early this morning, new Bank of England Governor and former BoC Governor Mark Carney announced his first decision in his new position. As expected by markets, his comments did not indicate any major...

It is not just in Quebec that corruption scandals are rocking the political arena. In Spain, there are growing calls for Prime Minister Mariano Rajoy to step down after revelations that he accepted...

More economic news are expected this week, but of course the currency market will be most affected by the data and comments from central banks. We will be paying close attention to the Bank of...

We learned a few hours ago that Chinese economic growth over the past quarter was in line with economists' projections. The economy grew 7.5% in the second quarter, a slight dip from the 7.7% seen in...

U.S. monetary policy – Ben Bernanke went on the offensive on July 10th after markets closed to offset the turbulence caused by the release of Fed minutes. The minutes revealed that about half of...

The Chinese government is still trying to lower expectations for its growth. The most recent attempt came overnight via Finance Minister Lou Jiwei. He recently announced that he anticipated GDP growth...

The minutes of the last FOMC meeting were released. After Bernanke’s speech, the U.S. dollar lost a lot of ground against various currencies: 400 points against the euro and 200 points against...

Yesterday, Standard & Poors downgraded Italy's credit rating from BBB+ to BBB, with the possibility of further downgrades. S&P justified its decision by citing the country's structural...

ECB President Mario Draghi gave a speech to the European Parliament yesterday and essentially reiterated the same points as during the press conference following its key interest rate announcement...

Last week was once again very volatile on the currency market. The greenback was once again the big winner of the week with gains of 1.39%, 2.03, 0.83% against the EUR, GBP and CAD respectively. Last...

Last Friday, U.S. jobs figures came in well above expectations, with 195,000 jobs created versus a projected 165,000. On the strength of this news, investors once again decided it's a safe bet that...