
Sep 08, 2015 23:05 pm UTC| Commentary
The sharp rise in oil prices off their lows over the past 10 days, better-than-expected Q2 GDP print (which matched the BoCs forecast), a second trade balance beat driven by strong non-energy exports likely reduces the...

Policy divergence to support USD/CAD rates widening
Sep 08, 2015 22:28 pm UTC| Commentary
Following stronger-than-expected Q2 GDP report, the market sees only a small chance of a September cut, especially given the absence of MPR and press-conference, which is consistent with our call. Taking a longer-term...

Sep 08, 2015 22:20 pm UTC| Commentary Central Banks
In the past few months, global economic uncertainty has put downward pressure on the price of Canadas resources, weighing on the nations already beleaguered resource patch. The price of WTI oil is $45/bbl (as this goes to...
Sep 08, 2015 16:56 pm UTC| Commentary
In the past few months, global economic uncertainty has put downward pressure on the price of Canadas resources, weighing on the nations already beleaguered resource patch. We recently pulled forward our call for a BoC...
Fed's LMCI points to solid labor markets in August
Sep 08, 2015 15:27 pm UTC| Commentary
The Federal Reserves Labor Market Conditions Index (LMCI) rose 2.1 points in August, the largest monthly improvement in US labor markets since January. Prior months readings for 2015 were revised up by a net 2.3 points in...
Brazil's moderate export gains could help investment bottom out, but not recover
Sep 08, 2015 15:22 pm UTC| Commentary Economy
Brazil is expected to post its strongest real exports growth in five years in 2015, as currency depreciation boosts competitiveness. Given the rising correlation between exports and investment demand. We expect the...
U.S. small business optimism improves slightly in August
Sep 08, 2015 15:00 pm UTC| Commentary
The NFIBs small business optimism index edged up by 0.5 points in August to 95.9, coming in nearly in line with market expectations which called for a 96.0 print. The details of the report were somewhat mixed, five of the...