Author: Robert Jessi

The delayed reaction to the Democratic blue wave has turned into a technology rout, yet FX volatility remains remarkably subdued. Takeaways • The delayed reaction to the Democratic blue wave has turned into a technology rout, yet FX volatility remains remarkably subdued. • Defensive currencies are attracting buyers, but the real expression of risk aversion is emerging through crosses rather than a wholesale liquidation of the dollar. • With equity managers short of cash and sitting on respectable year-to-date gains, the selling may have less to do with recession fears than an increasingly urgent desire to protect the year’s profits.…

The e-commerce company, which keeps its books in U.S. dollars, says the profit amounted to 36 cents US per diluted share for the quarter ended Sept. 30 compared with a profit of 20 cents US per diluted share a year earlier. On an adjusted basis, Shopify says its profit amounted to 49 cents US per diluted share in its latest quarter, up from an adjusted profit of 34 cents per diluted share in the third quarter of 2025. Revenue for the quarter totalled US$3.74 billion, up from $2.84 billion in the same quarter last year. The results included US$836 million…

FS Bancorp chief lending officer sells $236,368 in shares

Proposed tax credit extensions and support for industrial electrification and EV charging can help build more clean power and put it to work OTTAWA, ON, Nov. 5, 2026 /CNW/ — New Economy Canada strongly supports the finalization and funding of Powering Canada Strong in Budget 2026 with a $50 billion commitment, marking an important step toward doubling Canada’s electricity supply by 2050. Budget 2026 puts electrification at the heart of Canada’s economy, ensuring energy security and affordability for businesses and households. New Economy Canada logo Ian Bruce, President of New Economy Canada said: “Today we are celebrating a critical win…

A delayed reaction to the Democrat blue wave has seen some powerful selling of tech stocks. A little surprisingly, the reaction in FX markets has remained very muted. FX participants so far see this as an idiosyncratic re-pricing of the tech sector, rather than a harbinger of recession. Expect defensive FX to outperform, rather than a broad dollar decline USD: Payrolls Can Provide the Dollar Some Support We have all seen big falls in tech stocks on the back of the threat to data centres. The fact that the equity sell-off spread to the defensive sectors of consumer staples, utilities…

Gold (XAU/USD) staged an impressive rebound after dropping to a fresh 2026 low below $3,900 at the end of the previous week. Although the precious metal retreated from the two-week top it set near $4,150, it managed to end the week decisively higher. October inflation data from the United States and geopolitics could impact XAU/USD’s performance in the near term.Gold rises sharply in response to US midterm election outcomeImproving risk mood at the beginning of the week caused the US Dollar (USD) to come under bearish pressure and helped XAU/USD register gains on Monday. US Secretary of State Marco Rubio…

Image © Adobe ImagesThe Canadian dollar is cheap on long-run valuation measures, and it should start to close that discount if a revival in Canadian investment and narrower US rate differentials take hold.The Canadian dollar is deeply undervalued against the US dollar on long-run measures, says Desjardins, the Quebec-based financial cooperative.”But cheap currencies can stay cheap for a long time. As any value investor will tell you, the multiple is usually low for a reason,” say Jimmy Jean, Vice-President, Chief Economist and Strategist, and Mirza Shaheryar Baig, Foreign Exchange Strategist, at Desjardins.Investors call that risk a value trap: an asset…

USD/CAD Price Forecast: Weak GDP Challenges Further BoC Hike Bets The Canadian Dollar is holding up despite disappointing growth, leaving JP Morgan cautious about further gains supported by Bank of Canada rate rises. The Canadian Dollar edged higher on Monday, with the US Dollar to Canadian-Dollar exchange rate trading at 1.3955, down 0.12% on the day. Latest — Exchange Rates: Dollar to Canadian Dollar (USD/CAD): 1.39619 (-0.16%) Pound to Canadian Dollar (GBP/CAD): 1.873572 (-0.09%) Euro to Canadian Dollar (EUR/CAD): 1.562563 (-0.16%) Its resilience has become a complication for JPMorgan’s currency desk, which sees weaker growth as a reason to question…

The company announced a dozen new products at its Wealthsimple Presents event in Toronto on Thursday, including Penny, its new AI assistant. The company says Penny can cue up transactions like e-transfers, flag duplicate credit card charges, manage expenses, and pay invoices, in addition to providing insights into users’ finances or giving advice on questions like how to maximize RRSP contributions.  For self-directed investors, it can also help with buying or selling equities, ETFs, or other assets. AI assitant to have some guard rails The company says the AI assistant won’t move money, place a trade, or complete any other…

National Securities Depository Ltd (BOM:544467) (Q2 2027) Earnings Call Highlights: Revenue …