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,…
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. …