Author: Robert Jessi

The week in one sentence: speculators’ positioning turned more selective in the week to August 11. That said, Gold attracted the strongest inflow, while WTI and VIX recorded the largest reductions.

Canadian Dollar momentum is building as yield spreads narrow and crowded short-CAD positions come under pressure, with Scotiabank warning USD/CAD could extend its fall towards 1.3817. The US Dollar to Canadian Dollar (USD/CAD) exchange rate closed Friday around 1.3875 after the Canadian currency finally pushed through an area that had frustrated several earlier attempts at appreciation. USD/CAD fell 0.38% on Friday and almost 1% over August so far, leaving the pair close to its lowest level of the month. Foreign exchange analysts at Scotiabank thinks there may be more to this move than a brief burst of commodity-currency strength. The…

From finance.yahoo.com | Aug 10, 2026 | 12 comments Cleveland Federal Reserve president Beth Hammack said Monday she anticipates more than one interest rate hike will be required to rein in what she calls broadening inflation. “I would say in general, one 25 basis point move probably doesn’t do a whole lot for the economy,” Hammack told Yahoo Finance in an interview. “So it’s probably some number of [movements]. But I don’t want to prejudge what that number is going to be.” She added, “I don’t know exactly where we will end.” Hammack dissented at the Fed’s July policy meeting…

Sandi Martin, a certified financial planner at Sandi Martin Financial Planning, said withdrawals can feel complicated because money can be taken from either of the two main parts of an RESP account. She said one component is the funds the account holder put in themselves, which can be withdrawn without a tax penalty. The other component consists of government grants or bonds and is taxable to the student upon withdrawal, along with any accumulated investment income.  “Sometimes it leads people to make a strategic error, which is, ‘Let’s take out from the non-taxable (portion) first,’” Martin said. She advises parents…

Travel & leisure co. CFO Michael Brown sells $15,800 of stock

Canada’s financial services sector, long characterised by stability and concentration among a handful of large banks, is undergoing a decisive digital transformation. Over the past 18 months, a confluence of regulatory reform, infrastructure modernisation and fintech innovation has begun to reshape how money moves, how data is shared and how consumers interact with financial institutions. The result is not merely incremental change, but the foundations of a more open, competitive and technology-driven system. The most significant shift has been the long-awaited arrival of consumer-driven banking, more commonly known as open banking. After years of consultation, the federal government confirmed in…

The yen has been handed several tailwinds over the past week. ’s refusal to respond suggests the market may be looking beyond near-term and BOJ pricing.Softer US data fails to boost Japanese yen Earlier BOJ hike talk gains traction USD/JPY remains sensitive to Treasury yields Higher energy prices may be adding to yen pressure Buying dips looks more attractive Yen Tailwinds Fail to BiteMuch of the chatter over the past week has centred on the downside surprise in US , the soft US report and the undershoot in overnight, which has seen pricing pared over the next year. At the…

The Australian Dollar advanced on Friday after US Retail Sales disappointed investors, increasing speculation that the Federal Reserve might not raise rates, as the economy showed tentative signs of weakness. The AUD/USD trades at 0.7083, up 0.34%AUD/USD Price Forecast: Technical outlookThe daily chart shows the AUD/USD is bullish, but buyers remain unable to decisively crack the January 29 high of 0.7094, which could open the door for further upside. Momentum shifted bullish since mid-July, as depicted in the Relative Strength Index (RSI).From a market structure perspective, the pair has not shifted bullish until buyers regain the June 1 peak at…

The Canadian dollar’s medium-term recovery will likely depend less on oil prices and more on whether the broader economic recovery can be sustained, according to Commerzbank Research in a Thursday …

The Canadian dollar’s medium-term recovery will likely depend less on oil prices and more on whether the broader economic recovery can be sustained, according to Commerzbank Research in a Thursday …