Author: Robert Jessi

The Mexican Peso finishes its winning streak yet holds firm at around Wednesday’s opening price against the US Dollar, after the minutes of the Federal Reserve’s last meeting revealed that officials expect another rate hike by the year’s end. The USD/MXN trades at 17.98, virtually unchanged.Background of the Peso’s depreciationThe Mexican currency stopped bleeding after depreciating over 7% since September 21, and after the USD/MXN reached a high of 18.43, the exotic pair retreated over 2.3%, slightly below the 18.00 psychological figure.The main reason the Peso weakened was that high US Treasury yields, sparked by the jump in energy prices,…

In 2026, the US Dollar Index (DXY), which measures the Dollar against six major currencies, has risen on days when Federal Reserve (Fed) rate expectations pushed Treasury yields up and barely moved on days when something else did. The last stretch of the 10-year yield’s climb to its highest since 2002 was the second kind. Another leg higher for the Dollar needs two-year yields, which track where traders expect the Fed’s rate to go, rising faster than 10-year yields again. The October 14 inflation report is the first chance for that.The yield on the 10-year Treasury note was 5.31% on…

Canadian Dollar buying could fuel a rebound against the US Dollar, but JPMorgan’s trading desk doubts the recovery has lasting economic support. JPMorgan’s trading desk has spotted a shift towards Canadian Dollar buying, but remains unconvinced that a rebound would develop into sustained strength against the US Dollar. Its 6 October commentary describes clients selling USD/CAD across all customer categories, a change from the persistent selling of the Canadian currency seen recently. By Wednesday afternoon, however, USD/CAD had risen to 1.4259, reversing most of Tuesday’s decline and leaving the Loonie’s recovery looking fragile. The desk writes: “While positioning has become…

Global trade is always evolving Our system of international trade evolved in the wake of the Second World War. In the late 1940s, 53 countries signed on to the General Agreement on Tariffs and Trade (GATT). The agreement aimed to encourage international trade by reducing barriers such as tariffs. And as trade liberalized, the global economy prospered. Many other trade agreements followed. In 1988, Canada and the United States signed a free trade agreement. In 1994, the North American Free Trade Agreement between Canada, the United States and Mexico went into effect. In 1995, the World Trade Organization (WTO) was formed.…

A stronger Canadian Dollar features in Crédit Agricole’s forecasts, with USD/CAD falling to 1.34 by June 2027 and 1.32 that December. Crédit Agricole forecasts a sustained Canadian Dollar recovery through 2027, even as its broader outlook allows for US borrowing costs to rise further first. The bank puts USD/CAD at 1.38 in December 2026, 1.34 in June 2027 and 1.32 in December 2027. A falling rate means a stronger Canadian Dollar, with fewer Canadian Dollars required to buy one US Dollar. US yields remain an obstacle before 2027 relief Crédit Agricole’s wider US outlook cautions against assuming an immediate collapse…

The answers often come down to details people only learn once a separation is underway, such as how the mortgage stress test applies when one name comes off the loan, or how the Home Buyers’ Plan works when a marriage ends. Neil Drepaul, a mortgage broker, director and co-owner of Canadian Mortgage Services, answered 10 questions for MoneySense to work out those details. Neil Drepaul (Supplied) Drepaul has 14 years of experience in the Canadian mortgage and lending industry and works in the family business his father founded in 1988. His areas of expertise include mortgage rates and renewals, lending…

Form 4 Maia Biotechnology Inc For: 7 October

Highlights Personal banking, commercial banking, wealth and capital-markets services define the companys operating footprint across Canada and selected international markets. The business sits within Canadas banking sector and is viewed against the S&P/TSX 60. Current corporate activity remains tied to assets, customers, projects and service delivery in core markets. National Bank of Canada (TSX:NA) Financial Services National Bank of Canada (TSX:NA) 204.22 CAD +1.570 ↑ 0.775% Last Updated at: 2026-10-06T20:00:00Z operates in the banking sector, with activities centred on personal banking, commercial banking, wealth and capital-markets services. The companys footprint extends across Canada and selected international markets, linking its Canadian…

USD The dollar’s resurgence stalled on Tuesday as risk appetite improved and energy prices retreated, with the closing a quarter of a percent lower, its largest daily drop since late September. The climbed 0.6% to a fresh record, and eased at the margin, while a wider-than-expected $105.6bn August trade deficit was ignored. Fed speakers offered little new, leaving markets to price a roughly one-in-five chance of a hike this month, and around 85% odds of a move by year-end, consistent with our view after Friday’s soft payrolls, that the next hike comes in December. The pullback proved shallow, however, with…

MUFG’s Derek Halpenny highlights growing downside risks for the Japanese Yen versus the US Dollar as USD/JPY tests its 200-day moving average near 158.50. He notes that despite some easing in US Dollar momentum after the latest US jobs data, markets still price three further Fed hikes through mid-2027. Japanese fiscal speculation and JGB curve steepening could reinforce yen underperformance.Yen underperformance and key USD/JPY levels”The USD/JPY high today of 158.51 is just at the 200-day moving average level and if breached would certainly signal scope for further gains over the short-term.””Given the dots profile, we will likely see minutes that…