Author: Robert Jessi

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded lower last week as UK political developments drove volatility while rising oil prices supported the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8861, down around 0.5% on the week. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.88631 (-0.31%)Euro to Canadian Dollar (EUR/CAD): 1.60365 (-0.20%)Dollar to Canadian Dollar (USD/CAD): 1.40207 (-0.14%) DAILY RECAP: The Pound (GBP) had a quiet start to the week as a sparse UK economic calendar left Sterling lacking fresh direction, opening it up to losses against stronger rivals. Comments from Bank of…

The Pound to Canadian Dollar (GBP/CAD) exchange rate strengthened on Wednesday after the Bank of Canada maintained interest rates and struck a cautious tone on the outlook for monetary policy. At the time of writing, GBP/CAD was trading at CA$1.8903, up around 0.4% on the day. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89695 (+0.77%)Euro to Canadian Dollar (EUR/CAD): 1.606759 (+0.09%)Dollar to Canadian Dollar (USD/CAD): 1.40514 (-0.01%) DAILY RECAP: The Canadian Dollar (CAD) retreated on Wednesday as markets digested the Bank of Canada’s latest interest rate decision. As was widely expected, the BoC opted to leave rates unchanged at…

What intrigues me is how we can all speak the same language, use exactly the same words, and still mean entirely different things by them. Words carry context, culture, and a whole set of quiet assumptions, and nowhere have I noticed that more than since moving to Canada. One mistake I still make happens whenever I run into someone I already know. I will say, “It was lovely to meet you.” Of course, I do not mean meet, I mean see. Somewhere along the way, those two words became interchangeable in my mind, but they really are not. You meet…

Zenith Energy to acquire Italian biogas plant for up to €1.6m

Jennifer Tozser, senior wealth advisor and portfolio manager at National Bank Financial Wealth Management, joins BNN Bloomberg to discuss the markets. The Bank of Canada is unlikely to raise interest rates this week, even as the war in Iran continues to put pressure on energy prices and inflation, explains a financial analyst. Gas prices are already acting like a rate hike for Canadians, Jennifer Tozser, senior wealth advisor and portfolio manager at National Bank Financial Wealth Management told BNN Bloomberg. Weaker-than-expected job growth and uncertainty surrounding CUSMA and the housing market are key factors affecting Canada’s economic health, which Tozser…

United Overseas Bank’s (UOB) Quek Ser Leang sees EUR/USD consolidating with a slight downside bias intraday, expecting moves within 1.1405–1.1450. Over 1–3 weeks, the Euro is still viewed with an upside bias as long as 1.1405 holds, though momentum toward 1.1520 remains uncertain. On a multi-week horizon, a break below 1.1390/1.1410 would target 1.1210.Euro holds range with mild upside risk”24-HOUR VIEW: When EUR was at 1.1445 last Friday, we stated that “the current price movements are likely part of a consolidation phase between 1.1420 and 1.1465.” Our view of consolidation was not wrong, even though EUR traded within a narrower…

Gold is swinging between gains and losses at around $4,000 in Monday’s Asian trading, as the US-Iran conflict continues to flare up amid a relatively data-light US economic docket this week.  Gold sees downside risks intactGold continues to find a floor after booking the biggest weekly decline in six weeks last week. However, sellers keep lurking as the US Dollar (USD) is defending its appeal as a safe-haven amid intensifying conflict between the United States (US) and Iran.Both sides entered their tenth day of escalation after the outbreak of renewed attacks that seem to have violated the ceasefire, reignited the Oil…

The Canadian Dollar remains caught between improving domestic conditions and a stronger US Dollar, but CIBC believes the Bank of Canada is likely to remain comfortably on hold for the rest of the year. USD/CAD traded near 1.37, with the pair continuing to reflect broad US Dollar strength rather than a significant deterioration in Canada’s economic outlook. CIBC says the Bank of Canada is in a relatively comfortable position after recent data showed inflation pressures easing while economic activity gradually improves. The bank argues that policymakers have little incentive to adjust rates in either direction, with inflation moving closer to…

Trump’s prime time address was a rehashed rant about 2020 election loss – US and Iran continue attacks which underpinned oil prices. – USD is trading a touch firmer due to fresh risk aversion …

5 ways to stay on budget in South America1. Compare tours after you arrive instead of booking months ahead2. Carry cash, especially U.S. dollars for Bolivia3. Use a no-FX fee credit card where cards are accepted4. Take overnight buses to save on transportation and accommodation5. Read tour reviews before choosing the cheapest option Preparing for a South American trip When you’re traveling throughout North America, it’s generally a good idea to book as much as you can in advance—like concert tickets or a table at a sought-after restaurant. But in parts of South America, the informal culture means it’s often…