Market Comment: April 26

By / April 26, 2012

Good morning, The Canadian dollar traded higher yesterday following the FOMC meeting and press conference where Fed Chairman Bernanke signalled additional easing is on the table but will not be his ‘go-to’ tool.  Unfortunately, the Loonie could not hold the rate and has retraced to yesterday’s close; though it has managed to sustain the break… Read more

Market Comment: April 25

By / April 25, 2012

Good morning, Markets are heading higher this morning following yesterday’s after-hours earnings release from Apple, which is up over 9% in pre-market trading.  Traders will be keeping their eyes peeled on today’s FOMC meeting at 10:30(MT); any mention of further quantitative easing will spike risk appetite and boost the Canadian dollar. Apple Q2 earnings beat… Read more

Market Comment: April 24

By / April 24, 2012

Good morning, Markets are calm this morning following yesterday’s 1.5% selloff in the TSX.  European downside risks continue to weigh on markets and the Canadian dollar, although marginally stronger, is still trading within a tight 200 point range against the USD. The Progressive Conservatives won yesterday’s Alberta provincial election in a landslide, extending the party’s… Read more

Market Comment: April 23

By / April 23, 2012

Good morning, The US dollar and Japanese Yen are trading higher across the board as risk aversion has sent markets spiralling downwards.  A slew of negative political developments in Europe and poor economic data in Europe and China are leading the push lower.  The Chinese manufacturing PMI for April came in slightly ahead of expectations;… Read more

Market Comment: April 17

By / April 17, 2012

Good morning, The Canadian dollar has gained nearly one-cent against the USD following the Bank of Canada interest rate meeting this morning.  Although the rate will remain at 1%, the press release indicated the Bank “may need to start hiking rates due to firmer than expected growth and inflation as well as a less hostile… Read more

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