The National Bank of Canada

What does the U.S. Federal Reserve have in store?After much wavering, today is finally the day according to projections that the U.S. Federal Reserve (Fed) should deliver its first (and last)...

The Trump effect on marketsA wave of optimism appears to be washing over stock markets this morning, with our screens aglow in green for European markets and all signs pointing to a bullish opening in...

Canada – In October, the merchandise trade deficit narrowed to C$1.1 billion (its lowest level since January) after widening to a revised record high of C$4.4 billion the prior month. In nominal...

Oil prices over the course of the last week were relatively stable and WTI crude oil settled at 51.50 USD/barrel. On Saturday, non-OPEC members agreed to reduce their oil production by 558,000...

Oil (WTI) is up by more than 4% on this beautiful wintery morning. On the weekend, Saudi Arabia, Mexico and Russia came to an agreement to reduce output, lowering the daily production of non-OPEC...

Investors keeping a close eye on the ECBWe’ll be paying careful attention to the press conference by ECB President Mario Draghi at 8:30 this morning further to the decision by the European...

Last week was a historic moment for oil markets, with OPEC announcing that it would cut the group’s daily output. This was the first time in eight years that the cartel has reduced its...

Euro records gains!After Friday’s jobs data and the referendum in Italy, investors’ attention will now shift to the Bank of Canada (BoC) and the European Central Bank (ECB), which are...

How high can the USD go?While the trade-weighted USD has levelled off after hitting a 14-year high, still-favourable yields mean it has room to run. If, as we expect, U.S. growth tracks above...

Canada – GDP expanded at an annualized pace of 3.5% in 2016Q3 after an upward revision to the first half of the year. In light of these results, we raised our 2016 Canadian GDP growth forecast...

Highly conditional OPEC agreementThe suspense is over: after weeks of negotiations, members of the Organization of Petroleum Exporting Countries (OPEC) have reached an agreement. The price of WTI oil...

Spotlight on the OPEC meetingEncouraging economic results in the United States drove stock markets upward on Tuesday. Gross Domestic Product (GDP) was up 3.2% in the third quarter, the best...

Poloz speaksThe loonie gained ground Monday as West Texas Intermediate (WTI) rose by close to 80 cents U.S./barrel further to encouraging comments from Iraqi Oil Minister Jabbar al-Luaibi. Bank of...

Last week, crude oil price volatility showed how nervous markets are in the run-up to the meeting of OPEC member nations this Wednesday (November 30). While crude oil prices were up early in the week,...

Economic data was encouraging last week with the release of the Canadian retail sales report and the U.S. durable goods report. The energy market was also the focus of attention as crude oil...

Eagerly awaited meeting in ViennaThe wait will soon be over: the annual meeting of the Organization of Petroleum Exporting Countries (OPEC) will be held on Wednesday in Vienna. An announcement...