We start the week with the markets looking for direction. We have now had several weeks of elevated volatility caused by sentiment vacillating between hopes for a quick economic recovery…
Retail sales in Canada fell by 26% from March as a result of the shutdowns but rebounded by 19% in May as a result of the reopening. That sort of…
Economic data points today suggest again that financial asset prices are well ahead of the economic recovery. In Canada, as the effect of the COVID-19 pandemic continued to spread throughout…
The US dollar is mixed against the major currencies this morning. The equity markets are pointing up but the Canadian dollar is flat. This is somewhat unusual given the recent…
The Canadian dollar continues to fluctuate wildly along with overall market sentiment. Yesterday, the loonie opened in North America off 0.5% lower but since then quickly recovered all of that…
Stock markets in in North America are set to open roughly 2% lower. As has been the case for the recent past, the Canadian dollar is highly correlated to equities…
Yesterday was a dramatic day with the Canadian dollar giving up 1.5% of its value against the US dollar as overall global sentiment turned decidedly negative. Some pointed to the…
The Canadian dollar is weaker by 0.7% this morning. After the Fed press conference yesterday, attention has turned away from the positive impact of monetary stimulus on asset prices to…
All eyes are on the Fed today which will release an interest rate decision and hold a news conference this afternoon. The Fed’s actions have buoyed the financial markets so…
The Canadian dollar is down about 0.5% this morning, taking a breather from its rally of the last several weeks. Some of it is due to USD strength against all…