Explore the world.

Assess underlying market conditions and fundamentals in the world's major economies.

World
Global
Americas
United States
Canada
Mexico
Europe
Euro Area
United Kingdom
Asia Pacific
China
Japan
Australia

Stay ahead.

Follow the biggest stories in markets and economics in real time.

Analysis
Blog
Views
Calendar

Subscribe

Get insight into the latest trends and developments in global currency markets with breaking news updates and research reports delivered right to your inbox.

After signing up, you will receive regular newsletters from Corpay, and may unsubscribe at any time. View Corpay’s Privacy Policy

CAD

12 Aug 2024

Fragile Calm Returns

Fear levels are subsiding across financial markets after a week that shattered the typical August calm. The safe-haven yen and Swiss franc are tumbling against a recovering dollar, Treasury yields are edging upward, equity futures are pushing higher ahead of the North American open, and measures of financial stress are reverting toward levels that prevailed ahead of the July non-farm payrolls report. Last week’s moves are now seen as an overreaction. After the Institute for Supply Management’s services index rebounded and weather-related distortions were removed in last week’s initial claims data, the consensus has shifted toward expecting a continued deceleration...

Read More Read More
05 Aug 2024

Global Financial Markets Crack, Volatility Surges

A long period of unusual calm in financial markets was shattered over the weekend, when the Japanese stock market imploded and cross-border carry trades unwound in a violent manner. Japan’s Nikkei stock index closed down 12.4 percent—marking its worst selloff since the “Black Monday” crash in 1987—and the yen is trading near the 142 threshold after having hit 161 less than two weeks ago. Volatility expectations are soaring. Safe-haven Treasury yields are plummeting, with the policy-sensitive two-year returning less than 3.7 percent—down from 4.4 percent early last week—and the ten year seeing similar dynamics. Futures prices show the Nasdaq headed...

Read More Read More
02 Aug 2024

Global Selloff Intensifies

In an unusual turn of events, investors are suddenly acting as if bad news for the economy might also be bad news for financial markets. During yesterday’s session, evidence of rising unemployment and a deepening contraction in the US manufacturing sector helped compound the effects of a series of underwhelming earnings reports, triggering a plunge in major stock indices – and the selling looks set to continue at this morning’s open, as futures point to further losses. Air seems to be coming out of the artificial intelligence bubble. Updates from the likes of Alphabet, Amazon, Apple, and Microsoft this week...

Read More Read More
01 Aug 2024

Fed Easing Hints Carry Markets Higher

Financial markets are kicking off a new month in an ebullient mood after the Federal Reserve left interest rates unchanged and Chair Jerome Powell suggested the central bank is prepared to cut them in September if inflation keeps moving lower. Treasury yields are lower across the curve, equity futures are consolidating for another day of gains, and commodity prices are broadly higher. On foreign exchange bourses, price action is more mixed, with a generalised improvement in risk appetite intersecting with still-elevated geopolitical tensions to alleviate selling pressure on the greenback: the Canadian dollar is holding steady while most other majors...

Read More Read More
31 Jul 2024

Canadian Dollar Pops, Greenback Falls On Relative Improvement

The Canadian economy accelerated toward the end of the second quarter, helping reduce market-implied odds on an aggressive easing cycle from the Bank of Canada. Numbers released by Statistics Canada this morning show real gross domestic product heading toward a 2.2-percent annualised gain in the three months ended June, above market forecasts and the Bank of Canada’s 1.5-percent estimate. The economy expanded 0.2 percent on a month-over-month basis in May, topping the 0.1-percent consensus as 15 of 20 economic sectors reported growth and goods-producing industries advanced. Manufacturers generated the biggest upside contribution—most likely on a rise in export demand—and retail...

Read More Read More

About

Contact

Data and information on this website is provided “as is” and for informational purposes only. Information on the website does not bind Corpay in any way; nor is it not intended as advice, a recommendation or an offer or solicitation for the purchase or sale of any financial products. Data and other information are not warranted as to completeness or accuracy and are subject to change without notice. All charts or graphs are from publicly available sources, or our proprietary data. Nothing in this material should be construed as investment, financial, tax, legal, accounting, regulatory or other advice or as creating a fiduciary relationship. Corpay disclaims any responsibility or liability to the fullest extent permitted by applicable law, for any loss or damage arising from any reliance on our use of the data in any way. You should contact your Corpay sales representative for clarification on the range of financial instruments available in your jurisdiction. Copyright Cambridge Mercantile Corp. 2022.