Author: Robert Jessi

This week’s US Treasury intervention in the bond market has caused much furore amongst the buy and sell-side financial community alike. We see the move more as a signalling tool that the US Treasury has a problem with high bond yields and wants to address it. For the time being, we favour this triggering a benign, risk-friendly dollar decline USD: Most Paths Favour a Softer Dollar Many commentators seem to be treating this week’s US Treasury intervention in bond markets as a heinous financial crime. We prefer to take the view offered by a former US Treasury official interviewed in…

Canada and US close to trade deal – US Treasury intervention in long bond market weighing on greenback – US opens with losses across the board and is down on the week. USDCAD open: 1.3749, overnight …

EUR/CAD extends its losses for the second successive day, trading around 1.6100 during the European hours on Friday. The currency cross depreciates as the Euro (EUR) holds losses following the release of HCOB Purchasing Managers’ Index (PMI) data from Germany. Eurozone PMI figures will be eyed later in the day.Germany’s flash HCOB Composite PMI pulled back to 51.0 in August from 51.3 expected, weighed down by a sharper contraction in the services sector. The Services PMI fell deeper into contraction territory at 48.5, dropping from 49.8 previously and missing the 50.1 estimate. Conversely, the manufacturing sector provided a bright spot.…

Spin Master did not reveal exactly what it will pay for Hapiko, but spokesperson Tammy Smitham says in an email that the deal is valued between US$35 million and US$50 million. She says the transaction is expected to close later this month. Spin Master says it wanted to buy Hapiko to give kids access to creative tools that will bring their imaginations to life in new ways. Stickerbox uses artificial intelligence and voice-to-image technology to transform spoken ideas into stickers kids can colour, collect, and adhere to surfaces. Spin Master says the toy, which is available on Hapiko’s website for…

UBS raises UK earnings growth forecast, sees supportive backdrop for equities

Several roads currently appear to lead toward a softer dollar; the argument is mainly over whether we get there in a chauffeured sedan or hanging onto the roof of a bus. The Dollar Looks for the Exit There are moments in markets when a relatively modest policy adjustment lands with all the subtlety of a waiter dropping a tray of champagne glasses in the middle of a central-bank dinner, and this week’s Treasury buyback manoeuvre has been one of them. The dollar has taken the hint, the bond market has started debating whether Washington is merely fixing a squeaky hinge…

The Japanese Yen staged a spectacular 900-pip comeback after a historic US-Japan intervention. Less than three weeks later, that rescue is already showing signs of fading. The Yen is benefiting somewhat from a softer US Dollar, but its downward trend is likely to resume as the underlying pressure on the currency has not disappeared. A historic, coordinated US-Japan currency intervention on July 30-31 led to a massive rally in the Japanese Yen (JPY), from a 40-year low near 164.00 to around 155.00 against the US Dollar. This was the first joint action between the two countries since 1998, specifically dedicated…

EUR/CAD extends its losses for the second successive day, trading around 1.6100 during the European hours on Friday. The currency cross depreciates as the Euro (EUR) holds losses following the release …

The Canadian Dollar strengthened as oil prices extended their advance and renewed pressure on the US Dollar pushed USD/CAD towards fresh August lows …

The update applies to the Scotia Momentum Visa Infinite+ Card, Scotia Momentum Visa Card, Scotia Momentum Visa No-Fee Card, and Scotia Momentum for Business Card. Scotiabank told MoneySense that, starting October 22, 2026, the earn rate on rent and tax payments will change from the accelerated recurring bill payment earn rate to the regular purchase earn rate. How will Scotia Momentum cash back change? The new regular purchase earn rates taking effect in October are as follows: Scotia Momentum Visa No-Fee Card: 0.5% (down from 1%)Scotia Momentum Visa Card: 1% (down from 2%)Scotia Momentum Visa Infinite+ Card: 1% (down from…