Author: Robert Jessi

The Bank of Canada (BOC) held interest rates steady for a sixth consecutive meeting as policymakers see the economy rebounding and oil price-driven inflation fading. (July 15): The Bank of Canada (BOC) held interest rates steady for a sixth consecutive meeting as policymakers see the economy rebounding and oil price-driven inflation fading. Officials led by governor Tiff Macklem kept the policy rate at 2.25% on Wednesday, matching expectations of economists in a Bloomberg survey and traders in overnight swap markets. “After a year of weakness, Canada’s economy is showing signs of improvement,” the bank said in its monetary policy report.…

The Toronto-based firm says its insurance revenue reached $6.75 billion during the quarter ended June 30, up year-over-year from $6.62 billion.        Earlier this month, Intact Financial updated its guidance for the second quarter, announcing it had higher catastrophe losses and large losses than it initially predicted.    It said its combined catastrophe and large losses were $247 million above its expectations for the second quarter on a pre-tax and net of reinsurance basis. Intact Financial CEO Charles Brindamour says the company’s resilient performance and balance sheet strength position it to continue to pursue growth initiatives in a constructive mergers and acquisitions…

Dubai crude premium rises as trading picks up on Friday

Silver price (XAG/USD) is down 1.7% to near $58.00 during the European trading session on Friday. The white metal continues to decline throughout the day as United States (US) Treasury Yields have bounced back amid fears that inflationary pressures will remain elevated.As of writing, 10-year US Treasury Yields are up 0.45% to near 4.68% after a weak performance in the opening trade.Higher US Treasury Yields bode poorly for non-yielding assets, such as Silver.In the monetary policy announcement on Wednesday, the Federal Reserve (Fed) left interest rates unchanged in the range of 3.50%-3.75%, and policymakers expressed mounting concerns regarding inflation remaining…

USD The dollar’s post-Fed hangover deepened on Thursday. A 13:30 BST data deluge largely validated our call for rates to stay on hold through 2026: advance Q2 GDP landed at just 1.5% annualised, undershooting the 2.0% expected, while June core PCE eased to 3.3% as anticipated. The bigger fireworks came shortly after, as suspected yen-buying intervention by Tokyo, seemingly coordinated with Seoul and conspicuously unopposed by Treasury Secretary Bessent, pushed notably lower. The pair dropped from 163 to 158 before retracing modestly, leading the index to shed around 1, briefly retesting the 100-level, with the dollar weakening across the board.…

The Canadian Dollar (CAD) modestly outperforms the US Dollar (USD) on Wednesday, drawing support from a rebound in Oil prices as the war in the Middle East intensifies again following a brief calm. At the time of writing, USD/CAD trades around 1.4093, trapped within a week-old range.US President Donald Trump threatened heavy military action against Iran on Wednesday following attacks on US targets in Jordan.West Texas Intermediate (WTI) trades around $83, up more than 5% on the day. Higher Oil prices typically support the Canadian Dollar due to Canada’s position as a major crude exporter.However, elevated Oil prices provide only…

The USD/CAD pair trades in positive territory near 1.4050 during the early European session on Thursday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) on hawkish signals from the US Federal Reserve (Fed). The preliminary reading of the US Gross Domestic Product (GDP) for the second quarter (Q2) is due later in the day. The Fed decided to leave the Federal Funds Rate unchanged in its current target range between 3.50% and 3.75% at its July policy meeting on Wednesday, as widely expected. Dallas Fed President Lorie Logan, Cleveland’s Beth Hammack, and Minneapolis Fed President Neel Kashkari dissented in favor…

During the discovery meeting, you will have a conversation with a planner so they can find out more about you, the things you enjoy, and what you want to achieve. They will also ask you about your current and anticipated future situation. Basically, they want to get a snapshot of you, your current lifestyle, your finances, and how things may change in the future.   This information, once documented, gives you and your planner your “state of the nation” big-picture view of where you are now and where you are headed. Depending on the advisor, they will present this to you…

Chinese vice premier raises concerns over trade restrictions with Bessent, Greer- Xinhua

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…