Market Comment Equity markets are calm this morning after selling off nearly 1.5% yesterday. Risk aversion continues to be evident in credit markets; 10-year US Treasury yields are under 1.6%, a new record low yield. Weak US Data US weekly unemployment claims and the ADP non-farm employment change report both posted big negative surprises. Weekly [...]

Market Comment The US Dollar is back on the rise following China’s announcement that they have no plan to introduce a stimulus package to spur economic growth. As a result; risk aversion has safe-haven assets on the rise today: USD, JPY, & US Treasuries. Troubles in Spain Accelerate Spain’s economic woes remain in the spotlight [...]

Market Comment Markets were quiet overnight and into the opening bell as France, Germany and the US return from their respective holidays. The Canadian dollar is trading a mere 25 basis points stronger against the USD. Were Greece to have an election tomorrow, the pro-Euro New Democrats would win by a small margin, according to [...]

Market Comment The Canadian dollar is again trading at its weakest level for 2012 against the USD as European risks and the need for more than a temporary solution weigh markets. The Euro is trading at the weakest level in years against both the USD and CAD, save for one small spike last week. Hat [...]

Market Comment Markets have gained slightly overnight as investors seem content to continue the yo-yo action we have had as of late. Equity futures are positive while Crude and Gold have regained 1.5%; the Loonie has risen by 25 basis points against the USD. EU Challenges Actions in Europe are beginning to take more of [...]