Canada’s economy showed suprising strength in August and September. GDP expanded 1.2% in August, well ahead of consensus forecasts. Statistics Canada also released a preliminary estimate for September, which showed…
The Canadian dollar is down another 0.4% this morning for a loss of 1.7% this week and now trading near its lowest levels since the beginning of August. Yesterday’s Bank…
The Canadian dollar is down 0.7% this morning and now trading at a 3-week low against the US dollar. Stocks continue their sell-off with the S&P down another 2.2% this…
The Canadian dollar ended up down 0.8% yesterday and was the worst-performing G-10 currency, as stocks sold off heavily and oil traded. All these assets were reacting to negative market…
The Canadian dollar is down 0.3% this morning as the markets experience a notable bout of risk aversion related to the global resurgence of Covid as well dimming hopes for…
For the second day in a row, risk sentiment is modestly positive this morning. The Canadian dollar is flattish and now up 0.3% over the week but still mostly rangebound. …
The markets are starting out in a relatively quiet fashion with equities, oil, and the US dollar all up modestly. The Canadian dollar is down just 0.1% and right in…
A different picture of Canada’s economic circumstances is starting to emerge. Inflation was up 0.5% in September from the prior year. That was just above the expectation of 0.4%. Adding…
The focus of the markets remains on the political scene in the US. Most immediately, the prospects of a fiscal stimulus deal are currently the biggest driver of sentiment. Yesterday…
The markets have started the week on a positive note with global sentiment improving. Stocks are trading up, oil is flat and the US dollar is down across the board. …