April 8, 2014

    USD Falls Against CAD on Shift in Sentiment

    By / April 8, 2014

    Good morning, The US dollar index has fallen 0.5% this morning while the Canadian dollar is stronger thanks to support from recent fundamentals and an improving US economy. Yesterday’s Bank of Canada outlook painted the Canadian economy in a more favorable light than recent months; however, today’s February building permits release was beyond disappointing, falling… Read more

    Markets Open the Week on Risk Aversion

    By / April 7, 2014

    Good morning, Markets are favoring risk aversion as we begin what will be a quiet week for economic data. Q1 earnings season begins tomorrow with Alcoa being one of the first majors to report. The acting Ukrainian President has accused Russia of proceeding with the second stage of special operations against the Ukraine as separatist… Read more

    Markets Rise on Employment Data in Canada and the US

    By / April 4, 2014

    Good morning, Markets are on the rise globally as risk appetite grows on the back of mixed employment data in both Canada and the US. The Canadian dollar has gained 50 basis points on the news this brings the first bit of positive sentiment into the Canadian economy since the beginning of the year. The… Read more

    CAD Regains on Rising Trade Surplus: April 3

    By / April 3, 2014

    Good morning, Markets are mixed today, with commodities taking a hit while equities across the globe are trading higher on varied fundamental data in the US, Canada and Europe. The Canadian dollar is strong this morning, having gained 30 basis points against the USD overnight. The ECB maintained overnight interest rates at 0.25%, in line… Read more

    ADP Jobs Rises but Falls Short of Expectations

    By / April 2, 2014

    Good morning, The US ADP jobs print for March posted a modest miss on expectations (191K vs. 192K); however, the February data was revised 28% higher to 178K. Although markets are adding risk today, they are largely shrugging off the ADP print, waiting instead for Friday’s more accurate and more complete Non-Farm Payrolls. The ECB… Read more

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