The National Bank of Canada

Yesterday, shortly after our daily commentary was posted, Jeroen Dijsselbloem, President of the Eurogroup, added fuel to the fire by telling the media that the Cyprus deal would serve as a model to...

Despite the now-typical verdict from European politicians that “the worst is now behind”, the eurozone continues to dish out bad news. The latest crisis came from Cyprus whose exit from...

HighlightsThe deficit for 2012-13 is estimated at $25.9 billion, very close to the projection of last fall’s Update.For 2013-14 the deficit is budgeted at $18.7 billion, falling to $6.6 billion...

Federal Finance Minister Jim Flaherty tabled the government's budget for 2013-2014 yesterday. The following is an overview of the key points of the budget, which many analysts consider relatively...

The Fed left interest rates at zero and its asset purchase program unchanged at US$85 bn/month (of which $40 bn is MBS debt and $45bn is long-term Treasuries). It also reiterated that "exceptionally...

The Federal Reserve confirmed yesterday that, despite the slight improvement in economic conditions, it will maintain its bond-buying program at a pace of some $85 billion a month. According to...

The Federal Reserve confirmed yesterday that, despite the slight improvement in economic conditions, it will maintain its bond-buying program at a pace of some $85 billion a month. According to...

Economic CommentaryWe turned a page of the Cypriot saga yesterday as the island nation's parliament voted massively against the aid measures proposed by the European Union over the weekend. According...

SummaryIn the past year, 51% of the change in total employment in Canada occurred in the 55+ age group. This phenomenon was even more striking in the United States, where it reached 67.7%.Claiming...

Foreign purchases of securities started the New Year with a bang. Over $13.3 billion of securities were purchased in January, the best showing on record for a month of January. The surge in interest...

FACTS: Canada’s manufacturing sales edged down 0.2% in January after a 3.3% December slump. Sales declined for 7 of the 21 industries, representing 52% of the manufacturing sector. But the...

Global financial markets have been spooked by the eurozone’s difficulty of finding a resolution for Cyprus’ financial woes. We have often stated that the issue of wealth redistribution...

In Europe, negotiations surrounding the Cypriot bank bailout plan continue to hold the attention of the media and investors. Several analysts are concerned about the precedent that is about to be...

Over the weekend, euro-zone finance ministers reached an agreement on implementing a bailout plan for Cypriot banks. The euro zone will inject some €10 billion and depositors will be forced to...

The U.S. dollar lost ground against most currencies yesterday, helping the Canadian dollar to show signs of life for the first time since February. USD buyers should take advantage of these rare...

Discussions surrounding budget cuts in the U.S. have been arduous and will pick up again today. Republicans want to reduce state spending while democrats are hoping to reduce the deficit by increasing...