Insights
U.S./China meeting today at the Whitehouse, markets see this as upbeat news
The Canadian dollar is stronger to the USD on the news that President Donald Trump will meet with China’s top trade negotiator Friday afternoon in Washington as the U.S. tries to forge a preliminary deal with its biggest economic rival before tariffs on some Chinese imports more than double next month. Plans for a meeting […]
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USDCAD a little weaker, oil inventories impact lower prices
Oil clung to small losses after U.S. government data showed an increase in both crude stockpiles and production and as the commodity tracked moves in the equity market. Oil was over $57 USD a barrel yesterday, but the ongoing trade talks between the U.S. and China are still overhanging the markets and will stay that […]
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Markets wait for FOMC minutes, USD a little weaker
While the Federal Reserve has already made its interest rate announcement, analysts will now comb over the minutes to see if there are any potential changes to the Fed’s current policy. The minutes do include the complete economic analysis compiled by Fed officials and whether or not any FOMC members have voiced opinions at odds […]
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Canadian dollar unchanged, oil moving higher
Mixed signals this morning has left the USDCAD unchanged, while oil prices have touched a three-month high. OPEC production cuts have started to impact oil while expectations of positive trade talks between China and the US has also given oil a boost. This news however has not been reflected to the Canadian dollar, CIBC Capital […]
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Canadian dollar is still weak
The USD rallied against most currencies as equities took a turn downwards this morning. This is the fifth day in a row that the USD has strengthen against most currencies, after last night’s State of the Union speech, investors still remain nervous as to whether Washington can come to an agreement to keep the federal […]
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COLD DAYS FOR CANADIAN REAL STATE MARKET
There is an old saying “Be careful what you wish for, lest it come true” or a modern version “or you will get right between the eyes”. Governments and some of the general public that wanted Canadian house prices to slow down, have got their wish, but at what cost? Single detached houses have fallen […]
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