Author: Robert Jessi

Form 4 Nuveen Municipal Credit Opportunities Fund: BANK OF AMERICA CORP /DE/ (10% Owner) For: 20 October

USD/CAD extends its losing streak for the seventh successive day, trading around 1.4000 during Asian hours on Friday. The pair has depreciated as the US Dollar (USD) struggles under pressure from mounting doubts regarding the sustainability of the AI trade. Investor confidence weakened after quarterly earnings reports from several megacap technology companies failed to meet expectations.Meanwhile, escalating geopolitical conflict in the Middle East has driven broader market risk aversion. Reports indicating that the US and Israel are preparing additional military strikes against Iran following the upcoming midterm elections have intensified safe-haven demand, bolstering both the Japanese Yen and Swiss Franc…

The Australian Dollar (AUD) has faced renewed downside pressure on Thursday, prompting AUD/USD to abandon the area of recent tops near 0.7040, make  U-turn after four daily advances in a row, and refocus instead on the 0.7000 neighbourhood.The pair’s resumption of the selling interest has followed the decent improvement in the US Dollar (USD), propped up in part by escalating tensions in the Middle East crisis and a marked rebound in crude oil prices, which, in turn, bolstered the Fed’s tighter-for-longer stance.Looking at the broader picture, spot remains vulnerable to further losses as long as it trades below its 200-day…

The IMF recently raised its growth outlook for advanced economies by 0.4 percentage point from July but lowered its forecasts for Canada to 1.1% in 2026 and 1.7% in 2027, compared with projected US …

The Pound-Canadian Dollar rate could strengthen if Andrew Bailey reinforces BoE hike expectations, while softer Canadian producer prices may weigh on the Loonie. The Pound to Canadian Dollar (GBP/CAD) exchange rate was rangebound on Wednesday, following the publication of the UK’s latest consumer price index. At the time of writing, the GBP/CAD exchange rate was trading at CA$1.8809. Almost unchanged from the start of Wednesday’s session. Latest — Exchange Rates: Pound to Canadian Dollar (GBP/CAD): 1.881279 (+0.01%) Euro to Canadian Dollar (EUR/CAD): 1.577669 (-0.10%) Dollar to Canadian Dollar (USD/CAD): 1.40436 (-0.16%) DAILY RECAP: The Pound (GBP) traded with modest support…

Service Canada is issuing this month’s payments on Wednesday, October 28, 2026. Here’s what you should know about your eligibility and expected amount, per the Government of Canada. What are Canada Pension Plan (CPP) payments? The Canada Pension Plan a taxable monthly benefit that replaces part of your income after you retire, and it’s paid for life once you start collecting it. CPP also includes a disability benefit for contributors who can’t work because of a serious health condition. CPP is also paid to eligible survivors of deceased CPP contributors, and to people receiving CPP disability benefits. Am I eligible…

Twilio stock may move 13% on earnings release next week

Listen to this articleEstimated 2 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.The Parliamentary Budget Office has trimmed its outlook for economic growth for this year and next amid new U.S. tariffs and Canadian countermeasures.In a revised outlook on Tuesday, the federal budget watchdog said it now projects real gross domestic product growth of 0.9 per cent for this year and 1.5 per cent in 2027.The forecast is down from estimated growth of 1.1 per cent and 1.6 per cent, respectively,…

USD The dollar drifted on Wednesday, as we had anticipated given the empty US data calendar. The tone has turned decisively more defensive overnight though, as a selloff in Asian equities helps drive FX price action this morning. So far, the yen has been the big beneficiary, with testing 157. The dollar, meanwhile, has struggled, failing to pick up its usual haven demand. This, we think, can be explained by the outsized exposure of US equities to AI, which has helped drive dollar inflows over recent months. A reversal of that dynamic is now pressuring the buck, upending the usual…

Commerzbank’s Michael Pfister highlights that the Mexican Peso has sharply depreciated, as dovish Banxico policy and uncertainty over USMCA extension weigh on MXN. The bank expects authorities to eventually signal readiness to tighten to curb inflation risks, and argues that while risk factors remain, much of the negative news may already be priced into USD/MXN.Banxico stance and USMCA uncertainty”For a long time, it seemed as though nothing could shake the Mexican peso. Neither recurring disputes with its most important trading partner, the US, nor interest rate cuts following the start of the Iraq War caused the peso any lasting damage.…