March 31, 2014

    CAD Strength Continues on Positive GDP Print

    By / March 31, 2014

    Good morning, Markets are adding risk to begin the week on positive fundamental data in both Europe and Canada. It will be a busy week ahead for headline data: Chinese manufacturing PMI tonight, Australian, US and Canadian trade balance on Thursday, capped off with US and Canadian employment data for March on Friday. The Canadian dollar is up 50 basis points over the weekend following a GDP report that beat expectations in January: 0.5% vs…. Read more

    USD Rebounds on Diverging Fed Policy Outlook

    By / March 28, 2014

    Good morning, The US dollar is mixed, though has gained strength against the CAD and EUR as more Federal Reserve members speak up with diverging opinion on future policy. Some are stating no interest rate hikes until late 2015, while another is suggesting interest rates will normalize in the 4% range by 2016; as a reference, current overnight rates in the US are

    Markets Drop, CAD Remains Resilient

    By / March 27, 2014

    Good morning, Markets are quiet this morning as the quiet news week continues. The Canadian dollar is up 150 basis points this week against the USD following comments from President Obama denouncing brute force in the Ukraine. Russia must really be turning the screws on the Ukraine as the IMF has been able to assemble an emergency bailout of up to $28 billion that is expected to be approved in April. Though the bailout, their… Read more

    Risk Appetite Continues on Positive US Headline Data

    By / March 26, 2014

    Good morning, Yesterday’s risk appetite has continued into today as equities and commodities rise. The Canadian dollar has gained nearly one-cent over the past 24-hrs though is largely unchanged overnight, while the Euro is weak as inflation remains below the ECB targeted level. February durable goods orders in the US rose 2.2%, well above the 0.8% consensus as aircraft orders led the index higher. Excluding aircraft, orders rose a mere 0.2%, below the expectations of… Read more

    CAD Makes Modest Gain on Rising Risk Appetite

    By / March 25, 2014

    Good morning, Markets are tame on another quiet newsday, though the tendency is towards risk appetite as equities and commodities make modest gains. The Canadian dollar traded in a tight 30 basis point range yesterday, but has broken out to the upside, gaining 25 basis points against the USD overnight. A former Chinese central bank advisor has warned the nation is heading for a “mini crisis” in its local government debt market as tightening credit… Read more

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