Author: Robert Jessi

Bank of Canada Governor Tiff Macklem has stated that Prime Minister Mark Carney’s fiscal plans are not currently complicating the central bank’s efforts to manage inflation. Macklem’s comments reflect ongoing assessments of fiscal policy as the Canadian government increases spending to stimulate economic growth. Despite recent rate increases aimed at containing inflation, the Bank of Canada has indicated that further hikes could be necessary if inflationary pressures persist. Market participants appear to interpret Macklem’s remarks as suggesting less immediate pressure for aggressive rate hikes. Key Takeaways Macklem’s statement appears to suggest that fiscal measures have not yet increased demand pressure…

AUD/USD remains subdued after registering over 1% losses the previous day, trading around 0.6910 during Asian hours on Friday. The Australian Dollar lost ground against the US Dollar (USD) as expectations for further interest rate hikes were dampened by less hawkish guidance from the Reserve Bank of Australia.Although Australia’s central bank raised its cash rate by 25 basis points to 4.85% on November 3, the split 6–3 decision, with three policymakers favoring no change, along with the removal of explicit language regarding future tightening, pointed to a possible pause in December. Nevertheless, RBA Deputy Governor Andrew Hauser signaled at the…

EUR/JPY loses ground for the second consecutive day, trading around 176.80 during Asian hours on Friday. The technical analysis of the daily chart suggests that the currency cross is remaining within a descending channel pattern, indicating a prevailing bearish bias.The EUR/JPY cross is keeping a bearish near-term tone as it holds below both the nine- and 50-day Exponential Moving Averages (EMAs). The short- and medium-term EMAs above price suggest rallies remain capped for now, while the 14-day Relative Strength Index (RSI) at 45.73 stays below the neutral 50 line, hinting at subdued bullish momentum rather than outright oversold conditions.The EUR/JPY…

Image © Adobe ImagesThe Canadian dollar is cheap on long-run valuation measures, and it should start to close that discount if a revival in Canadian investment and narrower US rate differentials take hold.The Canadian dollar is deeply undervalued against the US dollar on long-run measures, says Desjardins, the Quebec-based financial cooperative.”But cheap currencies can stay cheap for a long time. As any value investor will tell you, the multiple is usually low for a reason,” say Jimmy Jean, Vice-President, Chief Economist and Strategist, and Mirza Shaheryar Baig, Foreign Exchange Strategist, at Desjardins.Investors call that risk a value trap: an asset…

The Government of Canada and the Bank of Canada jointly review and renew the Bank’s monetary policy framework every five years. The Bank then independently conducts monetary policy to achieve the framework’s goals. The Government and the Bank agree that monetary policy must work to promote the economic and financial well‑being of Canadians. We also agree that the best way monetary policy can do this is by keeping inflation low, stable, and predictable, thereby protecting Canadians from large increases in the cost of living. A credible and well‑understood monetary policy framework that focuses on price stability helps the economy grow,…

Image © Adobe ImagesThe Canadian dollar is cheap on long-run valuation measures, and it should start to close that discount if a revival in Canadian investment and narrower US rate differentials take hold.The Canadian dollar is deeply undervalued against the US dollar on long-run measures, says Desjardins, the Quebec-based financial cooperative.”But cheap currencies can stay cheap for a long time. As any value investor will tell you, the multiple is usually low for a reason,” say Jimmy Jean, Vice-President, Chief Economist and Strategist, and Mirza Shaheryar Baig, Foreign Exchange Strategist, at Desjardins.Investors call that risk a value trap: an asset…

More than half a million people registered to watch the event via livestream. The new products and features include an AI assistant that can move money and place trades, a Canadian-dollar stablecoin, an advanced trading platform, a rebuilt mobile app, and more. Four of the 12 are available now, and the rest are scheduled for late November, the end of this year, or early 2027. Here’s what Wealthsimple announced, with the timing it gave. At a glance AnnouncementWhat it isAvailabilityPennyAI assistant that can move money and place trades with client confirmation2027ChatGPT and Claude connectionsLink a Wealthsimple account to outside AI…

Why is Twist Bioscience stock sliding today?

Highlights Bank of Montreal provides banking and financial services across North America. Its operations include personal, commercial and capital-markets services. Regulation, customer needs and credit conditions shape its activities. Bank of Montreal (TSX:BMO) Financial Services Bank of Montreal (TSX:BMO) 244.09 CAD -3.520 ↓ 1.422% Last Updated at: 2026-11-05T16:34:00Z , also known as BMO Financial Group, is a Canadian financial services company serving personal, commercial and institutional customers. Its operations include everyday banking, lending, deposit services, wealth management and capital-markets activities. The company serves customers in Canada and the United States through branches, digital platforms and specialised business units. Bank of…

USD The dollar fell to its weakest level in a month on Wednesday as the midterm fallout combined with a collapse in oil prices. With Democrats taking both the House and Senate, markets concluded that pressure on the White House to wind down the war with Iran will build, reinforced by Vice President Vance blaming the conflict for Republican losses and President Trump saying he had no immediate plans for further strikes. duly crashed almost 9% to settle at near$95, dragging lower in turn, with the closing down 0.5% at 101.4. ADP, meanwhile, beat at 86k, but ISM services softened…