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; [...]

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 [...]

Good morning, Markets are mixed this morning as the future of Spain (and thanks to contagion, Italy and France) is leaving traders tentative.  Spanish 10-year yields are back above the ever important 6% level; it is widely believed that a 6% yield is the separation between sustainable and unsustainable.  Do not be surprised to see [...]

Good morning, Stock market futures are down 0.5% following a much weaker than expected Chinese Q1 GDP.  The world’s second largest economy grew by 8.1%, well below the expected 8.4% and the lowest growth rate in three-years.  Investors are now playing the waiting game to see if the Chinese central bank will announce any plans [...]

Good morning, The Canadian dollar is regaining some of its losses from the beginning of the week as investors hesitantly add risk following a successful Italian bond auction and a Fed speech that left the door wide open for further easing. Italy was able to sell €2.9 billion in 3-year bonds, nearly reaching their maximum [...]