This morning we had some interesting economic data out of Canada. On the one hand inflation is surprisingly anemic (0.1% in July YoY, relative to an expected 0.5%). On the…
Bill Morneau resigned as federal Finance Minister in a surprise move. The reasons are not entirely clear and it is somewhat perplexing that the Minister would resign in the middle…
The markets have opened the week on a decidedly positive mood this morning. All the major stock indices are positive as are risk currencies like the Canadian dollar, which is…
It has been an inconclusive morning for the prospects of North American economic recovery. On the one hand Canadian manufacturing sales rose by more than expected in June. On the…
The US dollar weakness continues. The US dollar is now trading at its lowest level against the Euro since May of 2018. The Canadian dollar it is comfortably at its…
After recovering a bit over the last week, the US dollar is once again at near the lowest point against the Canadian dollar that it has seen since late February,…
The US dollar is weaker broadly this morning reflecting positive sentiment in global markets. That, combined with oil being up 2%, has led to the Canadian dollar being up by…
The Canadian dollar looks to open the week right around the same levels as it ended last week, despite the fact that oil, gold, and equities are all in the…
It’s jobs day in Canada and the US. Canada gained 419,000 in July as more parts of the economy were allowed to reopen. Canada has now recouped half of the…
The Canadian dollar is close to unchanged this morning and still trading at the highest levels seen since the beginning of the global lockdowns. By far the biggest story in…