Author: Robert Jessi

Mark McCormick, chief FX strategist at BMO Capital Markets, joins BNN Bloomberg to discuss how a hawkish U.S. Fed affects the macro backdrop. TORONTO — Canada’s dollar will strengthen less than previously expected over the coming year as uncertain negotiations to revise the Canada-United States-Mexico Agreement (CUSMA) weigh on the domestic economy, reducing the prospects of interest rate hikes from the Bank of Canada, a Reuters poll showed.The median forecast of 39 foreign exchange analysts in a June 26 to July 1 poll expected the Canadian dollar to gain 1.3 per cent to 1.40 per U.S. dollar, or 71.43 U.S.…

A finfluencer is simply a financial influencer, a contraction similar to my own “findependence” for financial independence. And while I’m tooting my own horn here, let me disclose that I am myself considered to be a finfluencer, at least here in Canada. I say that following a Toronto gathering of many of Canada’s top finfluencers organized by BMO ETFs in early June at Cboe Canada. The Creator Insights Forum featured a scrolling highlight reel of leading content creators, including yours truly. The forum brought financial content creators together to acknowledge the growing influence of their voices and the role they play…

Summit Royalties completes acquisition of Star Royalties

Canada’s financial services sector continues to swim on the tide of technology. While banks have long embraced digital channels, 2026 marks a turning point where two technology-driven trends are moving from pilot projects and policy discussions into large-scale implementation: Artificial intelligence (AI) and consumer-driven banking, which is often referred to as open banking. For a few years, Canada lagged behind countries such as the U.K. and Australia in implementing open banking. That is now changing as the federal government’s consumer-driven banking framework rolls out during 2026, giving Canadians greater control over their financial data and allowing them to securely share…

USD Yesterday delivered the downside payroll surprise that topped the risks we had flagged for this week. June nonfarm payrolls rose just 57k against consensus estimates for a 113k increase, with May revised down from 172k to 129k. Unemployment slipped from 4.3% to 4.2%, but participation fell three tenths to 61.5%, flattering the headline, while average hourly earnings rose 0.3% MoM, as expected. As we wrote in yesterday’s reaction, this dented the building rate hike narrative: July tightening odds were cut to below 20%, with a full increase pushed back from October to December, albeit this remains too aggressive against…

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient. While the conflict initially triggered a severe disruption to global energy markets and a sharp rise in Oil prices, recent diplomatic progress between Washington and Tehran has eased concerns about a prolonged supply shock. Even before the signing of a preliminary peace agreement, most economic indicators suggested that the US economy was weathering the conflict far better than many economists had feared.The conflict has reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown. Yet, most of the key indicators released since…

The USD/CAD pair struggles to capitalize on the previous day’s modest bounce from a nearly two-week low and turns lower for the second straight day following a modest Asian session uptick to the 1.4200 neighborhood. Spot prices remain close to the overnight swing low, around mid-1.1400s, and seem poised to register losses for the first time in five weeks.The US Dollar (USD) remains depressed near a two-week low, touched in reaction to softer US jobs data on Wednesday, and turns out to be a key factor exerting pressure on the USD/CAD pair. Traders trimmed their bets for interest rate hikes…

I have no interest in shorting, but keep in mind that the Thursday session is the jobs report this week, it is not Friday. The United States will, of course, be closed as Independence Day is on Friday. So, with that being said, this is a pair that will be very noisy over the next 24 hours, but ultimately it still favors the upside. USD/CAD Technical Analysis

Of course, BlackBerry is no longer in the handset business. It develops software for cars and mobile security and has a growing artificial intelligence (AI) business in partnership with chipmakers including Nvidia Corp., which in part explains its newfound appeal to investors. The company reported better-than-expected fourth-quarter 2026 results in April and again beat analysts’ estimates for its first quarter of fiscal 2027 last week, adding a rosy forecast for the rest of the year. It marked BlackBerry’s fifth consecutive profitable quarter. The S&P/TSX Composite likewise notched its eighth consecutive quarter of gains in Q2 2026, the stock index’s longest…

Form 4 Spyre Therapeutics Inc For: 2 July