Category Archives: CURRENCIES

Canadian Dollar Still Doing its Stock Dance

Posted on September 2, 2010 by Denis Ouellet

The Canadian dollar flared higher by 1-1/2% on Wednesday on precisely no domestic news, paced instead by a rebound in commodity prices and the broader bounce in financial market sentiment. The loonie’s near-air-tight link with an index of global stocks, … Continue reading →

  • Share/Bookmark
Posted in CURRENCIES | Leave a comment
4 Week Risk-Free Trial of Financial Times


CORPORATE TAX RATES AROUND THE WORLD

Posted on July 28, 2010 by Denis Ouellet

Via Dennis Gartman who, rightly, complains about the fact that US corporate tax rates are 33% higher than the average. These are current 2010 rates, set to rise in the US (and likely also elsewhere, but not everywhere) next year. … Continue reading →

  • Share/Bookmark
Posted in CURRENCIES, ECONOMY, TAXES | Tagged | Leave a comment

THE ECONOMIST BIG MAC INDEX: THE EURO IS STILL OVERVALUED

Posted on July 26, 2010 by Denis Ouellet

THE Big Mac index is based on the theory of purchasing-power parity (PPP), according to which exchange rates should adjust to equalise the price of a basket of goods and services around the world. Our index shows that Asia remains … Continue reading →

  • Share/Bookmark
Posted in CURRENCIES | Tagged | Leave a comment

RISKS, HEDGES AND OPPORTUNITIES: CANADA’S CENTRAL BANK COURAGE

Posted on July 26, 2010 by Denis Ouellet

After becoming the first G-7 country to increase benchmark rates last june, the Canadian monetary authorities without too much clamour are now carving their own path to normalization of monetary policy by raising their target rates another notch to 0.75%. … Continue reading →

  • Share/Bookmark
Posted in CURRENCIES, INTEREST RATES | Tagged , | Leave a comment

TONY BOECKH: THE ARTIFICIAL ECONOMIC RECOVERY

Posted on July 24, 2010 by Denis Ouellet

While the economic outlook is less than rosy, there are the beginnings of some potentially positive developments in the financial system. There are tentative signs that U.S. monetary constipation is easing. The implication of the tentative improvement in money and … Continue reading →

  • Share/Bookmark
Posted in CONTRIBUTORS, CURRENCIES, ECONOMY, EQUITIES, GOLD, INTEREST RATES, INVESTING, Tony Boeckh, US equities, bonds | Leave a comment

Risks, Hedges and Opportunities: Oh Canada!

Posted on July 12, 2010 by Denis Ouellet

The IMF predicts that Canadian economic growth will increase at least 3.6% in 2010 and that is more than 0.5% from an April estimate of 3.1% compared to 1.0% for the Euro zone, 3.3% for the USA, 1.2% for Britain … Continue reading →

  • Share/Bookmark
Posted in CURRENCIES, Canada economy, ECONOMY, INTEREST RATES | Leave a comment

Risks, Hedges and Opportunities: Tug of Wars

Posted on July 5, 2010 by Denis Ouellet

The 10-year US Treasury Notes are yielding about 3.00% for the first time since April 2009. A decomposition of this yield reveals that expectation for inflation is running around 1.7%, for economic growth around 1.3% and for an overall GDP … Continue reading →

  • Share/Bookmark
Posted in ***CHINA WATCH, CURRENCIES, ECONOMY, INTEREST RATES, Risks, Hedges & Opp..., bonds | Leave a comment

Tony Boeckh: Still Positive on Risk Assets

Posted on June 30, 2010 by Denis Ouellet

Tony Boeckh: The recovery is intact, but will slow significantly and remain uneven, with risks to the downside. with so many G20 countries with unsustainable fiscal positions, the risk of contagion is high. this is an untested economic environment with … Continue reading →

  • Share/Bookmark
Posted in COMMODITIES, CURRENCIES, Chinese Equities, ECONOMY, EQUITIES, Emerging Markets, GOLD, INFLATION/DEFLATION, INTEREST RATES, INVESTING, Natural Gas, Oil, Tony Boeckh, US equities, bonds | Leave a comment

Risks, Hedges and Opportunities: The Yuan

Posted on June 29, 2010 by Denis Ouellet

Under hard and relentless US pressure and soft but frequent international resentment, the People’s Bank of China announced that it was removing the Yuan peg to the US dollar. The move is considered: 1) sharp – because it surprised the … Continue reading →

  • Share/Bookmark
Posted in CURRENCIES, Risks, Hedges & Opp... | Leave a comment

The loonie: It’s not just about oil any more

Posted on June 29, 2010 by Denis Ouellet

David Rosenberg praises the $CAD: (…) Canada is one of the few countries with a low primary budget deficit and as such is in the process of lowering corporate tax rates, which will be below 25 per cent for the … Continue reading →

  • Share/Bookmark
Posted in CURRENCIES | Leave a comment

Soros: Germany Must Reflect on the Unthinkable

Posted on June 24, 2010 by Denis Ouellet

(…) By design, the euro was an incomplete currency at its launch. The Maastricht treaty established a monetary union without a political union – a central bank, but no central treasury. When it came to sovereign credit, eurozone members were … Continue reading →

  • Share/Bookmark
Posted in ANALYSIS, CURRENCIES, ECONOMY, Europe Inflation/Deflation, Europe economy, FISCAL STIM./DEF. | Tagged , | Leave a comment

Germany Could Cause Euro Collapse: Soros

Posted on June 23, 2010 by Denis Ouellet

German’s budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday. “German policy is a danger for Europe, it could … Continue reading →

  • Share/Bookmark
Posted in CURRENCIES, Europe economy | Leave a comment