We started last week with news of a highly effective vaccine being developed by Pfizer. This week, we start with an even more effective vaccine in development by Moderna. The…
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The foreign exchange markets are relatively quiet this morning with the Canadian dollar flat against the US dollar. The Loonie has had an interesting week. It hit a two year…
The Canadian dollar is weaker by 0.5% this morning and is the weakest of the major currencies. The move is somewhat unusual given the US dollar index is unchanged and…
The US dollar is up 0.2% against the Canadian dollar this morning. But the Canadian dollar is actually outperforming other currencies as the US dollar index (USD against major trading…
After yesterday’s big moves on euphoria about a vaccine, the markets are a little calmer this morning. The optimism about the beginning of the end of the pandemic remains. But…
The Canadian dollar and other risk-friendly assets are getting a triple boost this morning. First, there is news of a 90% effective vaccine from Pfizer and BioNTech. Second, this is…
With the US election effectively over and Biden all but elected as President, the market’s attention has returned to more economic matters. The Federal Reserve provided its monthly guidance yesterday…
We received a lot of reaction to our note yesterday morning declaring that from the market’s perspective, Biden was most likely to win, and the worse-case scenarios about post-election uncertainty…
The US election has yet to result in a definitive outcome. But, given the remaining states and the remaining votes in those states, it seems likely that Joe Biden will…
The Canadian dollar has gained 1.3% against the US dollar so far this week. The Loonie’s gains occur as stocks recover from last week’s sell-off and, at least for now,…