Good morning, Markets are soft this morning following mixed economic data; meanwhile, Moody’s is playing catch-up to Standard & Poor’s by downgrading the sovereign credit rating of Italy, Spain,  and Portugal while putting England, France and Austria on a negative outlook. German economic sentiment rose unexpectedly to the highest level in 10 months, 5.4 from [...]

Good morning, Although just on Friday Greek opposition had disapproved the proposed austerity package, the deal was struck over the weekend and risk appetite is on the rise.  The Loonie has regained 30 basis points against the USD.  All eyes will be on a meeting of EU finance ministers on Wednesday that will vote on [...]

Good morning, 24 hours after the Greeks announced a deal has been reached, it appears that it is being rebuffed by both sides.  Greek opposition has announced that they cannot vote for the Troika accord as is, while Luxembourg PM Jean-Claude Juncker has stated he will not agree to the deal unless Greek opposition parties [...]

Good morning, Markets are on the rise this morning on yet another headline reporting that Greek politicians have reached an austerity deal, pledging to return to GDP growth in 2013.  Greece’s two largest unions reacted by announcing an immediate 48-hour general strike, calling for a social uprising. Opposition parties in Greece have been arguing for [...]

Good morning, Markets were on the rise overnight on the rumours of an agreement on the second Greek bailout package; however, Bloomberg is reporting that Greece has again failed to come to an agreement as another deadline comes and goes.  Nonetheless, the Euro is trading 50 basis points higher against both the USD and CAD. [...]