January 30, 2015

    A new multi-year low for CAD

    By / January 30, 2015

    The Canadian dollar fell to a new multi-year low this morning on weaker than expected Canadian gross domestic product contracting by 0.2 per cent in November. GDP was dragged down by cheap oil prices and unexpected weakness in manufacturing and mining. Moreover, CIBC announced a job cut of roughly 500 employees yesterday and Barclays downgraded BMO, RBC and TD over economic concerns. On the other hand, the good news from yesterday was that Senate passed… Read more

    Loonie continues to slide against USD

    By / January 29, 2015

    After the Federal Reserve announcement yesterday, the Canadian dollar dropped to a new 5 and half year low against the US dollar and continues to slide this morning on the better than expected unemployment claims out of the United States. The yield on the bond markets in the US were trending lower yesterday. The growing conviction of the Federal Reserve will move to hike rates sooner rather than later. Commodities continue to head south, putting… Read more

    US Stocks open higher ahead of Fed Statement

    By / January 28, 2015

    The United States equity markets opened higher this morning ahead of the Federal Reserve statement. Lower than expected inflation rates and the uncertainty from abroad have yet to derail the U.S. economic recovery. Most analysts are predicting the Federal Reserve will maintain its record low interest rate. Falling commodity prices are reducing inflation concerns in the US. The Bank of Singapore, last night, cut their interest rate joining the currency war along with other central… Read more

    Loonie on the rise

    By / January 27, 2015

    The Loonie is on the rise today after five straight losing sessions due to weaker than expected economic data out of the United States negatively impacting the US dollar. Core durable goods orders m/m surprisingly missed forecast falling 3.4% in December. Raising the question whether or not businesses are really ready to ramp up for 2015. New-Home sales in the United States rose 11.6% to 481,000 in December and Consumer confidence jumped to a seven-year… Read more

    Historic win of the Greek leftist party, Syriza, sends oil and euro lower

    By / January 26, 2015

    The Greek election on Sunday has become the greatest concern as the small leftist party, Syriza, sweeps to power. The news has sent oil and euro lower as the anxiety grows from increase economic uncertainty across Europe. The focus is among whether Greek will cut its spending to pay its debts and remain as a member in European Union or relinquish of paying its debts and leave EU. This erratic situation is sending Euro and… Read more

Back to Top