Author: Robert Jessi

The US dollar fell against the Canadian dollar right away, but it is already starting to turn things around, and again, I think this is a situation where it offers you a potential trade. I like the idea of buying the dollar against the Canadian dollar, and it looks like the market is okay with that, too. If we do break out to the upside, the 1.43 level gets targeted, followed by the 1.45 level. GBP/USD Technical Analysis

The US Dollar to Canadian Dollar (USD/CAD) exchange rate remains close to multi-year highs, trading around 1.4195 after rallying almost 3% during June. Citi has upgraded its USD/CAD forecasts, raising its three-month target to 1.43 from previous estimates and lifting its six to 12-month forecast to 1.42, reflecting a more constructive outlook for the US Dollar. The bank believes policy divergence remains the key driver, arguing there is “asymmetric scope for policy divergence” as the Federal Reserve signals a willingness to tighten while the Bank of Canada remains constrained by subdued core inflation and uncertainty surrounding the USMCA trade agreement.…

Some taxpayers may not even notice this, but line 42100 on a T1 tax return is CPP Contributions Payable on Self-Employment Income and Other Earnings. Contributions are calculated on Schedule 8 or Form RC381, whichever applies. Most self-employed individuals must pay CPP contributions, but there may be alternatives. Whether or not it is worth pursuing them is another story. Opting out of CPP If you are under age 65, you must contribute to the CPP if you earn a salary or self-employment income. Once you are 65, until age 70, you can elect to stop CPP contributions.  If you are…

North Korea’s Kim oversees cruise missile launch from new naval destroyer

Tiff Macklem, governor of the Bank of Canada, speaks during a news conference in Ottawa on Wednesday, June 10, 2026, following the latest interest rate announcement. (Credit: HYUNGCHEOL PARK) The Bank of Canada held interest rates at 2.25 per cent on Wednesday as it tries to balance the risks of a slowing economy against higher inflation, but one economist thinks the central bank might be closer to ending its five-decision-long pause, with September marking a possible turning point. “In our view, the bank is getting closer to ending its pause and is waiting for the data to tell it which…

The Kiwi Dollar clears the 0.5700 figure on Friday, clings to gains of over 0.22% against the Greenback after hitting a daily low of 0.5689. At the time of writing, the NZD/USD trades at 0.5709.NZD/USD Price Forecast: Technical outlookThe NZD/USD remains technically bearish, even though interest rate probabilities suggest the Reserve Bank of New Zealand could raise rates at least twice. However, in the short term, the leg-up would test an support-trendline-turned resistance at around 0.5750.The Relative Strength Index (RSI) is rising, suggesting buyers are gaining traction, but it remains below the 50-neutral level. Hence, the overall trend is downwards.For…

The US Dollar (USD) has come under fresh downward pressure this week.

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded in a narrow range on Wednesday as uncertainty surrounding USMCA trade negotiations kept the Canadian Dollar subdued while Sterling awaited comments from Bank of England Governor Andrew Bailey. At the time of writing, GBP/CAD was trading at CA$1.8827, little changed on the day. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.88368 (+0.06%)Euro to Canadian Dollar (EUR/CAD): 1.61838 (-0.2%)Dollar to Canadian Dollar (USD/CAD): 1.42311 (+0.16%) DAILY RECAP: The Canadian Dollar (CAD) struggled to attract support on Wednesday amid renewed uncertainty surrounding the future of the US–Mexico–Canada Agreement (USMCA) on trade. Representatives…

The Canadian dollar dipped to end the week while crude oil prices made modest gains.      The loonie closed at US$0.7042 or US$1=C$1.4201, compared to US$0.7052 or US$1=US$1.4181 on Thursday.      The United States Dollar Index was down 0.02 of a point at 100.84. Most U.S. markets were closed today due to the Independence Day holiday.      Crude oil prices were higher as uncertainty continues over a lasting peace between the U.S. and Iran.      West Texas Intermediate was up US$0.08 per barrel at US$68.78. Brent crude oil added US$0.32/barrel at US$72.12.      The TSX/S&P Composite Index jumped 308.17 points…

When interest rates go up, you won’t be able to sell a bond for the price you paid, says Will Gornall, an associate professor at UBC’s Sauder School of Business. “Because they’re traded, if you have a 3% bond and now the going rate is 4%, no one’s going to pay full price for your 3% bonds,” he explained. “You have to sell it for a discount. That discount is what the duration risk is. It’s the risk that when interest rates go up, you won’t be able to sell this for the price you paid.” Gornall says duration risk…