The National Bank of Canada

The reign of Egyptian President Morsi came to an abrupt end yesterday, with the army occupying numerous strategic locations around Cairo before suspending the country's constitution and stripping the...

In this Briefing: The Middle East: Chaos and the risks of contagion to oil-producing states remain most important systemic geopolitical risk Iran: Nuclear issue on the back burner…for now ...

The figures released last Friday on Canada’s Gross Domestic Product confirmed the forecast, with only slight 0.1% growth in April and 1.4% on an annual basis. Such weak growth did not help the...

World stock markets turned red this morning. The drops in Asia and Europe are considerable, with the Nikkei down 1.5% and the Euro50 losing 1.75%. In North America, futures are pointing to a 0.5%...

Canada – Real GDP rose 0.1% in April, in-line with expectations (but beating our estimate of -0.1%). This was still the weakest monthly increase since last December. In April, the...

It appears that the Canadian dollar followed the lead of Canadian citizens yesterday and enjoyed a relaxing day with little volatility, in order to take advantage of one of the few sunny days so far...

The bond market reacted well to the revised U.S. economic growth figures for the first quarter of 2013, which came in yesterday below forecast. According to the latest revisions, GDP growth was 1.8%...

Comments made by New York Fed President William Dudley to the effect that bond purchases may be sped up in the event of an economic slowdown were well received on markets, leading observers to believe...

Canada – The consumer price index rose 0.2% in May, half the pace expected by consensus. That caused the year-on-year inflation rate to rise to just 0.7% (consensus was expecting 0.9%). In...

Positive CB Consumer Confidence data, Durable Goods Orders and encouraging real estate sector figures gave markets a boost yesterday after a trying month of June. The news helped propel the greenback...

Last week’s FOMC meeting raised a ruckus in the markets. Its Chairman, Ben Bernanke, tried to explain as clearly as possible that any change in current monetary policy would depend on future...

Since the June 17 and 18 FOMC meeting, the American dollar is up 2.93%, 2.66% and 1.75% against the yen, loonie and euro respectively. The Canadian dollar is now at its lowest level against the...

Here is a synopsis of what the Federal Reserve had to say at its much-anticipated meeting Wednesday afternoon:The Fed Is committed to maintaining its bond buyback program of $85 billion per month...

Thursday was characterized by a great deal of volatility, with the VIX Index spiked 24% to reach a new high for 2013 at 20.38. The market selloff continued for most asset classes. The S&P 500 and...

Over the past six months, the Fed has injected $85 billion per month into the financial system in a bid to keep interest rates low and push investors into equities. The Fed's goal was to keep the...

An environment where interest rates are kept very low to stimulate the economy remains a concern when it results in excessive household debt and an overheated real estate market. Sound familiar? The...