Author: Robert Jessi

 Canadian monetary policy is currently characterized by a deliberate pause, with the Bank of Canada maintaining its policy rate at 2.25% on June 10 as it navigates a complex macroeconomic backdrop. Policymakers assess that the current stance is appropriately calibrated to balance competing forces within the economy, including a weaker growth environment evidenced by a modest contraction in GDP in the first quarter of 2026 and persistent excess supply, alongside inflation dynamics in which headline inflation has been temporarily elevated by energy prices while underlying core measures remain contained in their trend.As illustrated in Figure 1, Canadian bond markets continue…

The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as traders eye the May monthly high at 0.5995.NZD/USD Price Forecast: Technical outlookThe daily chart shows that market structure is becoming more constructive, indicating further upside in the NZD/USD pair. After surpassing the confluence of the 100- and 200-day Simple Moving Averages (SMAs) at around 0.5821/23, the pair is poised to hurdle the 0.5900 figure.Momentum has clearly shifted bullish. The Relative Strength…

The week that wasThe US Dollar (USD) has traded mostly lower throughout the week, briefly testing six-week lows despite prevailing risk aversion, which has been driven by unabated geopolitical tensions in the Middle East.That said, the US Dollar Index (DXY) dipped to the 99.90 zone for the first time since mid-June, just to recover some ground afterward toward the end of the North American session.This week’s price action has mainly reflected renewed tensions between the US and Iran and their impact on the Strait of Hormuz. In addition, news that the Japanese Ministry of Finance (MoF) has intervened in the…

Summary:USD/CAD traded near 1.4100 on Tuesday as traders awaited the Federal Reserve’s policy decision. Falling crude oil prices continued to limit gains for the Canadian dollar despite a softer US dollar. Markets are also monitoring US-Iran negotiations, which have weighed on oil prices and the loonie’s outlook. The USD/CAD pair edged lower on Tuesday, trading around 1.4100, as investors avoided taking aggressive positions ahead of the Federal Reserve’s interest rate decision. While the US dollar softened slightly after recent gains, the Canadian dollar’s upside remained constrained by weaker crude oil prices, leaving the currency pair close to its highest levels of the…

Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.

The USD/CAD pair edges higher during the Asian session on Friday and, for now, seems to have snapped a three-day losing streak to the lowest level since June 17, touched the previous day. Spot prices currently trade above the 1.4000 psychological mark, though the intraday uptick lacks bullish conviction.As investors look past Thursday’s unimpressive US macro data, the US Dollar (USD) regains some positive traction amid prospects for at least one interest rate hike by the US Federal Reserve (Fed) and offers some support to the USD/CAD pair. The Advance US GDP report showed moderating economic growth in the second…

Still, 89% said they feel confident in their ability to spot fraud. Why scams are harder to spot Jane Arnett, cybersecurity evangelist for Check Point, said Canadians have been bombarded with similar messages for decades on how to spot scams, such as looking for spelling and grammar errors or bad graphics, website URLs and copy-and-paste jobs. Now, many Canadians are familiar with those signs and feel confident in their detection abilities, she said. “But it’s just simply no longer the case,”  Arnett said. “Those spelling errors and grammar errors aren’t there. The bad graphics don’t exist.”  Kevin Wicks, group manager of fraud education at TD agrees. Fraudsters are using…

Cathie Wood’s ARK sells Shopify stock, buys CoreWeave shares

traded 1.1501 on Friday, down 0.23% from the previous session but holding above the 1.15 handle and hovering near its highest level since June 16. The pair is on track for a monthly gain of roughly 0.8% to 1.09%, its best month since the euro broke down through the spring, and it remains 0.77% lower over twelve months. The week’s path explains everything about where the pair sits. Going into Wednesday’s Fed decision, EUR/USD was pinned near 1.1386 with the dollar sitting at a one-month high on safe-haven flows out of the Middle East conflict. Markets had assigned roughly a…

CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran’s energy infrastructure, said multiple sources.The duration would be over the weekend ahead of next week’s Asian open in the financial markets. The article mentions that US sources revealed that Israel has been notified and “are coordinating with the United States.” The US “president has yet to give the final go orders for the strikes, the sources said.”Meanwhile, an Israeli official told CBS News, “Israel is unaware of a decision to restart full military operations, nor has been requested of Israel to…