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5 May 2016

Forest fires still rage in Alberta, State of emergency declared

Additional headlines crossing the wires over the forest fires that have caused Fort McMurray to evacuate.

Officials issued warnings that the blaze which has already gutted 1,600 structures, could destroy much of the city and the next 24 hours will be crucial. Unseasonably high temperatures and strong winds have combined with dry conditions to leave much of Alberta and neighbouring Saskatchewan under an extreme fire risk warning.

May 5, 2016

CAD: March trade deficit widest on record – Deutsche Bank

Brett Ryan, Research Analyst at Deutsche Bank, notes that on a balance of payments basis, Canada’s March international trade deficit (-C$3.4 billion vs. –C$2.5 billion) was the widest on record.

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May 5, 2016

3 reasons to be bearish Euro – Nomura

Bilal Hafeez, Research Analyst at Nomura, suggests that recently, the euro saw an intra-day high of 1.1616 – while not quite as high as the 1.1714 high seen in August last year when equity markets plunged, it has nevertheless challenged our bearish euro view.

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