Market Comment: April 5

By / April 5, 2012

Good morning, The Canadian dollar has gained 50 basis points against the USD this morning after the March employment change report far exceeded the market consensus (82.3K vs. 11.3K jobs added).  This helped lower the Canadian unemployment rate from 7.4% to 7.2% while expectations were looking for 7.5%.  Canadian building permits rebounded, unexpectedly gaining 7.5%… Read more

Market Comment: April 4

By / April 4, 2012

Good morning, Markets are pessimistic this morning following a weak bond auction in Spain that saw investors demand yields a full percentage point higher than one month ago (4.319% vs. 3.376%).  Bad news across Europe has caused Gold to fall $50 or nearly 3% to $1,625/oz and crude oil to trade over 1% lower into… Read more

Market Comment: April 3

By / April 3, 2012

Good morning, Markets are soft with equity futures down 0.3% following yesterday’s gain of nearly 1%.  Crude Oil has fallen 0.5% after gaining nearly $3 yesterday, though it is still trading strong at $104.75/bbl.  Although the rest of the week is heavy in economic data, today’s only major piece will be the FOMC meeting minutes… Read more

Market Comment: April 2

By / April 2, 2012

Good morning, The Canadian dollar remains stable against the greenback; however, both are trading higher against the Euro following rumours that Germany’s central bank, the Bundesbank, is refusing to accept sovereign bonds as collateral from Portugal, Ireland and Greece.  Euro zone unemployment has risen to a 14-year high of 10.8%as manufacturing collapsed for the 8th… Read more

Market Comment: March 30

By / March 30, 2012

Good morning, Although markets are regaining ground as we move towards the opening bell, comments from the Greek Prime Minister had international markets in the red overnight.  PM Papademos said Greece may need a third bailout package if the broad-based austerity measures demanded by the IMF (which they have already failed to meet) fall short… Read more

Back to Top