Author: Robert Jessi

EUR/CAD extends its losing streak for the third successive day, trading around 1.5750 during European hours on Thursday. The currency cross has depreciated as the commodity-linked Canadian Dollar (CAD) gained strength, driven by a sharp rally in crude oil prices. Energy markets surged following a drone attack on Saudi Aramco’s Shaybah oil field that left two dead, sharpening geopolitical tensions in the Middle East and renewing fears over global supply disruptions.Compounding geopolitical strains in the region, Iranian Foreign Minister Abbas Araghchi stated that the United States must dismantle its naval blockade and demonstrate a genuine commitment to a diplomatic resolution.…

The Dow Jones Industrial Average got most of its share of Wednesday’s artificial intelligence (AI) rally from a bank and a bulldozer maker. The index closed near 52,800, its highest close since early September. Elon Musk’s SpaceX (SPCX) reported 161% revenue growth and the Nasdaq Composite rose more than 1%, but under price weighting the gains that counted most belonged to Goldman Sachs (GS) and Caterpillar (CAT), the two most expensive shares in the index.Nvidia rose more than Goldman Sachs and counted for under a third as muchThe Dow adds up share prices rather than company values, so a stock’s…

The country’s largest airline says the policy came into force on Oct. 15, placing it alongside WestJet, United Airlines and the numerous low-cost carriers that charge non-refundable phone booking fees. Other competitors such as Delta Air Lines and Southwest Airlines still offer tickets by telephone without the surcharge. For a family of four who books their Air Canada trip the old-fashioned way, the bill will run an extra $120. Why is Air Canada charging a new booking fee? The move marks an attempt to steer customers to the company’s website or app and to cut call centre costs, or at…

Tesla shares reverse course as robotics, chipmaking caution overshadows upbeat Q3

Canada’s resource wealth, financial institutions, and access to American markets have long supported its prosperity. Yet growing geopolitical competition, weak productivity performance, and concentrated trade relationships are forcing policymakers and investors to reconsider how much economic independence the country can realistically preserve. Canada has many of the characteristics of an economic power: abundant energy resources, substantial mineral deposits, sophisticated banks, major institutional investors, and an educated workforce. Its geography provides privileged access to the United States, while its international relationships connect Canadian businesses to European and Asian markets. These advantages have also produced a strategic vulnerability. Canada’s prosperity depends heavily…

USD/CAD extends its losing streak for the sixth consecutive day, trading around 1.4040 during Asian hours on Thursday. The currency pair experienced downward pressure as the commodity-linked Canadian Dollar (CAD) gained strength from a rally in crude oil prices. Oil prices advanced following a drone attack on Saudi Aramco’s Shaybah oil field that resulted in two casualties, intensifying geopolitical friction in the Middle East and raising concerns over potential energy supply disruptions.Adding to the regional geopolitical complexity, Iranian Foreign Minister Abbas Araghchi stated on Wednesday that the United States must lift its naval blockade and demonstrate a genuine commitment to…

traded at 1.1236 at 13:43 UTC on Wednesday, October 21, 2026, up 0.09% on the session after a European morning that saw the pair slip to 1.1219. The day’s range has been tight, running from 1.1219 to 1.1242, a span of 23 pips, against a Tuesday close of 1.1226 and a Tuesday range of 1.1205 to 1.1261. The pair was capped just above 1.1260 on Tuesday, eased toward 1.1220 into the European open on Wednesday, and has spent the U.S. morning grinding back toward its daily pivot at 1.1231. The euro is trading in a narrow band because two forces…

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 …

Danske Bank’s Danske Research Team outlines US political tail risks ahead of the 3 November midterm elections. Early voting is underway in over 40 states and prediction markets still favor Democrats retaining control of both chambers. The report focuses on Trump’s potential actions, including attempts to remove Fed Governor Cook, fiscal decisions, and use of emergency powers.Trump actions and market risk scenarios”With two weeks until the US midterm elections on 3 November, early voting has already opened in more than 40 states. Prediction markets are broadly unchanged since we published our Midterm update, 13 October. The prediction market Polymarket continues…

The agency said the acceleration was led by a 27.8% spike in gasoline prices last month compared with a year earlier, despite the switch to the less expensive winter gas blend. Excluding gasoline, consumer prices increased 2.2% year-over-year in September. The agency said fuel oil and other fuels surged 57.8% in September, hitting consumers hard in Atlantic Canada where many homes are heated with oil. Grocery and beef prices increased, while prices on fresh vegetables and confectionery items fell Meanwhile, grocery prices increased 1.7% last month, the smallest yearly increase since May 2024, according to Statistics Canada. Driving the slowdown…