Author: Robert Jessi

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…

Route1 at Emerging Growth Conference: shifts to outcome-driven growth

DBS strategist Chang Wei Liang reports that South Korean Won (KRW) strength has resumed, with USD/KRW dropping to the mid-1380s even as KOSPI fell nearly 6% on semiconductor-led losses. He attributes this to foreign investors using the equity correction to add Korean stocks, funded by USD selling, while warning that tech volatility and a less undervalued KRW justify some caution.Foreign equity buying lifts korean won”KRW rally picked up pace again, with USD/KRW tumbling to mid-1380 levels despite a KOSPI sell-off of close to 6% yesterday, led by semiconductors.””Foreign investors are seemingly taking advantage of the correction to invest into Korean…

The Mexican Peso holds firm versus the Greenback as Banxico adopted a cautious stance regarding monetary policy, while jobs data in the US revealed that the labour market is stable. The USD/MXN pair exchanges hands at 16.95, virtually unchanged.USD/MXN steadies as cautious Banxico signals offset solid US jobs dataMarket sentiment shifted positively, despite the lack of progress in the Middle East conflict. Data from Mexico revealed that the economy would have grown a modest 0.1% in July, according to the national statistics agency, INEGI.INEGI revealed that the Timely Indicator of Economic Activity – known in Spanish as Indicador Oportuno de…

USD/CAD remains under pressure on Thursday even as the US Dollar (USD) stages a modest recovery following the previous day’s sharp selloff. Higher Oil prices support the commodity-linked Canadian Dollar (CAD), keeping the pair near a three-month low. At the time of writing, USD/CAD trades around 1.3778, down 0.22% on the day.The Loonie also draws support from signs of progress in trade talks between the United States and Canada. US President Donald Trump has paused planned 50% tariffs on around $20 billion worth of Canadian goods for three days, saying the two countries have a deal.Meanwhile, Oil prices stay elevated…

Gold is struggling around the $4,500 level in Asia on Thursday after reaching the highest level in 11 weeks at $4,528 in early dealings.   Gold’s bullish bias remains intact ahead of US jobs dataGold refreshed two-month highs above $4,500 as Asian traders returned to their desks and reacted positively to the United States (US) Treasury’s rescue plan announced on Wednesday, after longer-dated Treasury yields shot through the roof and roiled the bond markets.The US Treasury announced that it will double buyback sizes for 10- to 30-year Treasury debt securities to at least $4 billion per operation.The increase from the previously planned…

The Canadian Press spoke to a number of tax experts and advocates in recent weeks who all agreed that major reform to simplify and improve Canada’s tax system is long overdue. They get little argument from Wayne Long, MP for Saint John—Kennebecasis and secretary of state for the Canada Revenue Agency and financial institutions. “When you say the word tax code to people, everybody rolls their eyes. Everybody’s like, ‘Oh, the tax code used to be one book thick, now it’s two books thick. We just keep piling on,’” Long told The Canadian Press on Friday. “Is a total review…

DouYu beats Q2 estimates despite revenue decline and swing to loss

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…