Author: Robert Jessi

Canada’s financial services sector, long characterised by stability and concentration among a handful of large banks, is undergoing a decisive digital transformation. Over the past 18 months, a confluence of regulatory reform, infrastructure modernisation and fintech innovation has begun to reshape how money moves, how data is shared and how consumers interact with financial institutions. The result is not merely incremental change, but the foundations of a more open, competitive and technology-driven system. The most significant shift has been the long-awaited arrival of consumer-driven banking, more commonly known as open banking. After years of consultation, the federal government confirmed in…

There are days in foreign exchange when the smartest trade is made on the golf course. The Boredom Trade Before the Triple Threat There are days in foreign exchange when the smartest trade is made on the golf course. Today feels suspiciously like one of them. Markets have settled into an uneasy calm ahead of a rather nasty three-club combination: , Nvidia and . Two for sure, but really any one of those can move the dollar. Taken together, they have left cross-asset traders staring at screens that are flashing plenty of information but very little invitation. Oil has at…

USD The dollar began Tuesday on the front foot, with the extending above 99.0 as Monday’s announcement of sweeping secondary sanctions on Iran continued to stoke haven demand. Those gains unwound through the day, however, with the index closing marginally lower near 98.9 on reports that Pakistan’s army chief had carried a de-escalation proposal to Tehran, even as soft US data also weighed at the margin. Today brings July PCE at 13:30 BST, with core expected at 0.2% MoM and 3.3% YoY, alongside durable goods and updated Q2 GDP figures. With September hike-or-hold odds still finely balanced, an in-line print…

The USD/CAD pair edges higher during the Asian session on Wednesday, though it remains confined within the previous day’s range. Spot prices currently trade around mid-1.3800s as traders now look to the US Personal Consumption Expenditures (PCE) Price Index for some meaningful impetus.The crucial US inflation data will be looked upon for more cues about the Federal Reserve’s (Fed) future policy path, which, in turn, should provide some meaningful impetus to the US Dollar (USD). In the meantime, diminishing odds for an immediate rate hike by the Fed, along with declining US bond yields and US-Iran diplomacy hopes, keep USD…

XAU/USD Current Price: $4,641The US Dollar found some near-term demand but remains weak amid Middle East woes.Market participants await the United States PCE Price Index for additional clues.XAU/USD corrects lower, but technical readings favor another leg north. The US Dollar (USD) sell-off appears to have found a temporary bottom on Tuesday, and market players are willing to book some profits. Gold is no exception, with the precious metal currently trading around $4,650 after flirting with the $4,700 mark at the beginning of the day. Nevertheless, the broad USD weakness prevails amid persistent uncertainty related to the Middle East situation and…

Amanda Martin calls back to school the perfect real-world teaching moment for helping your kids make choices about money where they can see how it affects them. “It allows kids to really see the costs, you know, decide what they want to spend money on and learn that money is not an infinite resource that we have,” said Martin, the manager of community engagement and education at the Credit Counselling Society. “They may actually be shocked at how far or how not so far the money will go once you start looking at the costs of things.”  Start with a back-to-school…

Ardelyx chief human resources officer sells $58,378 in stock

If it’s a glimpse towards a possible future you’re after, it’s always worthwhile taking a peek across the Tasman.For, when it comes to the economy, the Kiwis don’t do things by halves.They were the first to raise interest rates in the aftermath of Russia’s invasion of Ukraine, and they lifted them at a cracking rate, among the quickest on the planet, in what appeared to be a deliberate bid to drive the economy into recession.As for real estate, whether up or down, the Kiwis go hell for leather.New Zealand’s property boom left Australia in its dust. And the resulting bust…

The Aussie Dollar advanced on Tuesday, gaining over 0.20% as the Greenback edged lower, amid minutes from the Reserve Bank of Australia (RBA)’s last meeting suggesting the board was close to raising rates. At the time of writing, the AUD/USD trades at 0.7163, after bouncing off daily lows of 0.7137.AUD/USD gains as RBA minutes lift hike bets before CPI, PCEOn Tuesday, US economic data was mixed, with Consumer Confidence, as reported by the Conference Board, declining to 89.4 in August, the lowest in seven months. The report showed that future expectations regarding business conditions, the jobs market and household income…

On September 8, Canada begins charging its own importers 15%, 25% and 50% on roughly 700 lines of American goods. The measure is billed as dollar for dollar, and on the arithmetic of covered trade it is. What it is not is a tax on the United States. The money is collected at Canadian ports from Canadian importers, and the market that has spent ten weeks repricing this dispute has already worked out who pays.That market is not the currency. It is the Canadian rate curve, and it has moved in the direction almost nobody covering this trade war has…