Insights
Canadian dollar a little stronger to USD
The Canadian dollar is a bit better to the USD as House Democrats and the Trump administration have reached an agreement to move forward with the White House’s replacement for the North American Free Trade Agreement, top Democrats said Tuesday. The two sides had worked for more than a year to resolve Democratic concerns about […]
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USDCAD a little better than Friday, no real news
The only news this morning along the lines of the USDCAD is that the House Democrats and the Trump administration have drawn close to a deal on replacing the North American Free Trade Agreement after months of deliberations, according to reports. There is a deal on provisions in the United States-Mexico-Canada Agreement after discussions about […]
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Bank of Canada’s seems to be getting it right
Canada’s trade deficit unexpectedly narrowed as exports rose faster than imports, reinforcing the Bank of Canada’s view that the domestic economy remains resilient amid global tensions. The nation posted a $1.1 billion trade gap in October, from a revised $1.2 billion in September, Statistics Canada said Thursday in Ottawa. The result beat economist expectations for a […]
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Bank of Canada leaves interest rates unchanged, has positive outlook on Canadian economy
The Bank of Canada said there’s evidence the global economy is stabilizing, while the domestic economy remains resilient, in an interest rate decision Wednesday that gave little indication policy makers are in a rush to lower borrowing costs.The Ottawa-based central bank held its policy rate at 1.75 per cent for a ninth consecutive meeting, retaining language […]
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The on again, off again U.S.-China trade talks are off again
U.S. equities sank on Tuesday after President Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election. Markets hit the lows of their day after Fox News reported that the White House still plans on moving ahead with scheduled Dec. 15 tariffs on Chinese goods notwithstanding recent […]
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Narrow range again on the USCAD
OPEC is meeting this week in Vienna and oil prices seem to have bottomed out at the moment, OPEC’s output has curtailed, allowing producers some pickup in revenues. OPEC believes that the shale production in the USA will diminish next year due to over production this year and that it be able to raise prices […]
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