Author: Robert Jessi

The Federal Reserve (Fed) faces a renewed inflation challenge after two consecutive reports showed price pressure intensifying across the US economy. September’s Consumer Price Index (CPI) confirmed accelerating consumer inflation, while the Producer Price Index (PPI) revealed an even sharper rise in business costs.Behind both reports lies a common factor: energy prices. But while gasoline is responsible for much of the immediate rise in consumer inflation, diesel may offer a more important warning about what comes next.Unlike gasoline, which directly affects household budgets, diesel plays a central role in transporting goods, operating agricultural equipment and keeping supply chains running. Its…

We’ll walk you through a simplified process, from understanding your debt to learning about the tools available to you and creating a budget, and ultimately, how to stay out of debt going forward. If you’re ready to get a handle on your finances, let’s get started. Key takeaways Understand what types of debt you have and what you currently owe before making a repayment plan.  Interest rates vary widely by the type of debt, so prioritize repaying debts that are costing you the most. Strategies to tackle your debt include DIY repayment, balance transfers, consolidation loans, home equity loans, and…

Why is BE Semiconductor Industries stock sliding today?

USD The dollar’s post-CPI rally unwound further on Thursday, with the slipping lower to trade either side of 102.0, even as September PPI blew past expectations. Headline producer prices rose 1.3% MoM against a 0.5% consensus, taking the annual rate to 6.3%, while retail sales jumped 0.8%, though a 0.1% control group print suggested gasoline rather than discretionary spending did the work. In any case, markets looked through the data after a selloff in AI-linked credit triggered sharp losses across Asian equities, and Fedspeak stressing no urgency to move this month left October hike odds under 15%. That fits our…

West Texas Intermediate (WTI), futures on NYMEX, holds onto weekly gains near $96.00 during the European trading session on Friday. The oil price has gained significantly this week, as financial markets continue to offer risk premium due to prolonged Middle East conflicts.However, market experts argue that risk premium attached to oil prices could start eroding if flows through the Middle East, with the help of United States (US) military, remain sustained.Oil flows hold firm through Strait of Hormuz despite security incidentsAnalysts at Commerzbank highlight the resilience of shipping activity through the Strait of Hormuz, noting that, “despite the attacks, US…

The Canadian dollar strengthened against its U.S. counterpart on Thursday as the greenback retreated from an 18-month high, although a sharper-than-expected surge in U.S. producer prices raised concerns about persistent inflation and the possibility of further monetary tightening by the Federal Reserve. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month’s list » The U.S. dollar was last down 0.29% against the Canadian dollar at C$1.4197 around 8:24 a.m. ET, after trading between C$1.4195 and C$1.4241. A decline in the USD/CAD exchange rate indicates a…

The USD/JPY pair gathers strength to around 158.10 during the early Asian trading hours on Friday. The US Dollar (USD) edges higher against the Japanese Yen (JPY) following hotter-than-expected US Producer Price Index (PPI) data. Federal Reserve (Fed) Chair Kevin Warsh’s speech will be the highlight later on Friday.The US PPI rose by 6.3% year-on-year (YoY) in September, the largest increase since 2022, the Bureau of Labor Statistics revealed on Thursday. This reading followed a rise of 5.6% in August (revised from 5.4%) and was higher than the expectation of an increase of 5.3%.The recent US Consumer Price Index (CPI)…

Reviewing your portfolio and taking a look at what gains you’ve seen and how you might be able to offset them with any losses should be part of your year-end tax planning.  Kris Kibler, tax planning lead at Wealthsimple, says if you are selling shares at a loss, that deficit can be used to offset capital gains on better performing stocks, reducing the amount of tax you will owe. He explained that if you bought shares for $10,000 and later sold them for $7,000, the $3,000 capital loss could be deducted against capital gains. That deduction will reduce the amount…

Gold steadies near $4,160 as stock selloff drives bond rally, Treasury yields fall

Key TakeawaysCanada’s OSFI ruled tokenized deposits legally match traditional ones, removing a major regulatory hurdle.The regulator adopted a tech-neutral stance, binding tokenized assets to current financial compliance laws.Banks can now implement tokenized deposits, lifting compliance burdens and accelerating digital adoption. Canadian Banking Regulator Takes A Stance Regarding Tokenized Deposits The Canadian financial system has received good news regarding the possible integration of decentralized technologies in its banking ecosystem. On Thursday, the Office of the Superintendent of Financial Institutions (OSFI), the Canadian banking regulator that supervises nearly 350 financial institutions and 1,200 pension plans, took a friendly stance on tokenized deposits,…