Author: Robert Jessi

Wyndham Hotels faces earnings test as profit pressures mount

Investing.com – Futures connected to Canada’s main stock index inched lower on Tuesday, as investors assessed the path ahead for Bank of Canada interest rates. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month’s list » By 07:00 ET (11:00 GMT), the S&P/TSX 60 index standard futures contract had fallen by 3 points, or 0.2%. On Monday, the S&P/TSX composite index had finished down by 0.7% at 35,928.63, retreating from its highest closing level in more than week at the end of the previous trading…

Rising , French fiscal concerns and weaker German sentiment are weighing on the euro. Persistent energy inflation and geopolitical risks could support the dollar and limit EUR/USD recovery. EUR/USD faces resistance at 1.1230–1.1250, with downside targets at 1.1100 and 1.1000. The French-German yield spread widened further this morning, crude oil prices continued to rebound after yesterday’s sudden drop, and the tech sector uncertainty remained. Given these developments and concerns over stagflation at the forefront, the could be heading further lower in the near term.Markets Unable to Shake Off Macro ConcernsEuropean stocks and US index futures fell back after yesterday’s sharp…

Gold (XAU/USD) is sliding through the $4,100s for a fourth straight day, and the latest FXStreet analyses are split on what comes next: two analysts see scope for further losses while one – citing a former Fed insider’s market move – argues the dip is a buying opportunity the central banks themselves are underwriting.Gold daily chartMoney Metals Exchange’s Mike Maharrey: Gold as an “asymmetric trade”The structural bull of the trio. Maharrey reports that former Fed insider Christopher Whalen has sold all his bank stocks and is “piling money into gold,” taking advantage of the softness in Gold and Silver in…

Canadian Dollar Forecast: Goldman Brings October Hike Into Focus After Alberta Vote The Canadian Dollar has gained against the US Dollar as Goldman brings forward its rate call, but Sterling has a tightening story of its own. Goldman Sachs now expects the Bank of Canada to raise interest rates on 28 October, bringing forward its call as rising inflation expectations add to the case for tightening despite weak employment. The revision comes as the US Dollar to Canadian Dollar exchange rate extends its decline, trading at 1.4054 at 10:41 BST on Wednesday, down 0.09% on the day after a 0.28%…

FX markets have started the week quietly, but the risks hanging over markets remain unresolved. Energy prices are still elevated on the threat of escalation in the Middle East, Coreweave’s () bonds still trade at 80 cents on the dollar, and French bond spreads are pushing wider as the French situation deteriorates. It is hard to get too bearish on the dollar USD: Consolidation Continues FX markets have had a quiet start to the week. The dollar is down a fraction versus the commodity currencies, but up a fraction against the low-yielding and – the latter driven by some US…

The CRA shared details of its two automatic tax filing measures in Budget 2025. This is part of the campaign. Canadians who have a lower income and a simple tax situation are invited to pre-fill their tax return by Oct. 31, 2026. Only one million eligible people will get an invitation starting March 2027 to review and file a pre-filled tax return for 2026 in their CRA account.  The service will expand to up to 5.5 million in March 2029. What is the CRA’s pre-filled tax return? On its website, the CRA calls its pre-filled tax return campaign a free…

Form 4 Insmed Inc: Utpal Koppikar (Director) For: 19 October

Iran’s Foreign Minister Abbas Araghchi said that indirect negotiations with the United States (US) are continuing through intermediary countries, including Pakistan and Qatar, Reuters reported on Tuesday.Araghchi further stated that the Strait of Hormuz was supposed to be fully opened on the sixth day of this period. Washingtin agreed to Iran’s seven-day proposal but sought to add several additional conditions, although he declined to disclose their details. Araghchi also demonstrated that the US cannot be trusted in the negotiation process.Meanwhile, Yemen’s Houthi rebels declared that the option of a ground attack on Saudi Arabia is on the table, according to Iran’s Sepah…

Japanese Finance Minister (FM) Satsuki Katayama said on Wednesday that the government is coordinating closely with the Bank of Japan (BoJ) and there is no major divergence on inflation outlook and policy. Key quotesGovernment coordinating closely with BoJ, no major divergence on inflation outlook, policy. Tax cut boosts demand and drives up prices. Will ensure proactive, responsible fiscal policy enhances Japan’s supply capacity, doesn’t accelerate inflation. Market reactionAt the time of writing, the USD/JPY pair is up 0.10% on the day at 158.35.  Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by…