Author: Robert Jessi

The Bank of Canada kept its key policy rate on hold at 2.25% today, as widely expected, but said the risks to inflation had grown while new US tariffs made growth prospects more uncertain. The benchmark rate has now been unchanged for 11 months, even as trade tensions between Canada and the US have worsened, while the economy and labour market have held up relatively well. US President Donald Trump’s latest 50% tariffs on some Canadian imports took effect after the second-quarter GDP data and economists have said the measures could hurt business and consumer sentiment. Canada’s retaliatory tariffs, which…

Despite the strain of higher prices at the grocery store, many shoppers are going out of their way to buy Canadian-made products, food, and household goods, companies told The Canadian Press. However, they say some retailers are slow to react to the shift in demand, leading to a rise in selling directly to consumers.  “We aren’t really built for direct-to-customer sales but we’re doing it because of the demand we’re seeing,” said Kathleen Chapman, president of aVenco Ltd., a Bowmanville, Ont.-based parchment paper company. “The consumer response has been phenomenal,” she said. “It seems that the consumer is moving faster than retail.…

Aura Minerals director Bruno Sousa Mauad sells $10.35 million in shares

At 9:45 a.m. ET, the Bank shared that it will maintaining its overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The key policy interest rate has remained unchanged since October 2025, when it came down from 2.50%. In its commentary, the Bank shared that the “continuing conflict” in the Middle East is keeping energy prices high. “As well, new U.S tariffs and Canadian counter-measures have been announced following the breakdown of trade talks between Canada and the United States. Both situations remain fluid,” it stated. The Bank further noted that U.S. economic…

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7807 compared to the previous day’s fix of 6.7829 and 6.7167 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese…

traded 1.1580 on Wednesday, September 2, after slipping to 1.1575 during the early European session — the lowest level in two weeks. The pair fell for a second consecutive day, closing Tuesday in negative territory at 1.1601 after touching an intraday low of 1.1587 and shedding 0.14% on the session. Tuesday’s rally attempt was rejected at the 1.1620 area, the second failure at that shelf inside a week. The three-session sequence reads as controlled distribution rather than panic. Monday opened with an attempt to stabilize around 1.1587. Tuesday pushed to 1.1620 and failed. Wednesday broke 1.1600 outright and printed 1.1575.…

Limited downside ahead for the Canadian Dollar, but the US-Canada rate gap should keep USD/CAD supported below 1.40 say analysts. The US Dollar to Canadian Dollar (USD/CAD) exchange rate traded around 1.3902 on Tuesday, recovering from an overnight low near 1.3846. Scotiabank says the Canadian Dollar continues to hold up well despite volatile Fed expectations and renewed trade uncertainty. “CAD resilience in the face of volatile Fed expectations and the latest round of trade uncertainty is impressive and reaffirms our view that there is limited downside potential in the CAD currently.” The bank’s equilibrium estimate has edged up to 1.3920,…

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The continuing conflict in the Middle East is keeping energy prices high. As well, new US tariffs and Canadian counter-measures have been announced following the breakdown of trade talks between Canada and the United States. Both situations remain fluid. In the United States, economic growth continues to be solid, driven by consumer spending and AI-related investment. Growth in the euro area was stronger than expected in the second quarter, while China’s economy slowed. Overall,…

Limited downside ahead for the Canadian Dollar, but the US-Canada rate gap should keep USD/CAD supported below 1.40 say analysts. The US Dollar to Canadian Dollar (USD/CAD) exchange rate traded around 1.3902 on Tuesday, recovering from an overnight low near 1.3846. Scotiabank says the Canadian Dollar continues to hold up well despite volatile Fed expectations and renewed trade uncertainty. “CAD resilience in the face of volatile Fed expectations and the latest round of trade uncertainty is impressive and reaffirms our view that there is limited downside potential in the CAD currently.” The bank’s equilibrium estimate has edged up to 1.3920,…

So, I bought myself an expensive watch. I remember standing at the counter, already half aware of how the story would sound if I told it out loud. I bought it anyway. I thought spending something significant would somehow make the achievement feel as significant as it was supposed to. Instead, I mostly remember realizing I had spent a bunch of money. The watch itself wasn’t a bad purchase. It has held its value and may even appreciate, and it’s sitting safely in a box somewhere I’ll one day pass on to my daughter. But that isn’t why I bought…