Author: Robert Jessi

Canadian Dollar Forecast: Loonie Gains as Softer Core Inflation Tests Rate Bets The Canadian Dollar has strengthened, but CIBC eyes renewed pressure if the Fed raises rates while softer domestic inflation lets the BoC hold. The Canadian Dollar extended its recovery on Tuesday, pushing the US Dollar-to-Canadian Dollar exchange rate down to around C$1.4076, almost 1% below its level five trading days earlier. Latest-Exchange Rates: Dollar to Canadian Dollar (USD/CAD): 1.40553 (-0.36%) Pound to Canadian Dollar (GBP/CAD): 1.876264 (-0.06%) Euro to Canadian Dollar (EUR/CAD): 1.576396 (-0.34%) Monday’s inflation figures give the Bank of Canada room to resist following the Federal…

Canadian Dollar Forecast: Loonie Gains as Softer Core Inflation Tests Rate Bets The Canadian Dollar has strengthened, but CIBC eyes renewed pressure if the Fed raises rates while softer domestic inflation lets the BoC hold. The Canadian Dollar extended its recovery on Tuesday, pushing the US Dollar-to-Canadian Dollar exchange rate down to around C$1.4076, almost 1% below its level five trading days earlier. Latest-Exchange Rates: Dollar to Canadian Dollar (USD/CAD): 1.40553 (-0.36%) Pound to Canadian Dollar (GBP/CAD): 1.876264 (-0.06%) Euro to Canadian Dollar (EUR/CAD): 1.576396 (-0.34%) Monday’s inflation figures give the Bank of Canada room to resist following the Federal…

If you’re travelling abroad and using your credit cards for most purchases, foreign transaction (forex) fees can really take a bite. That’s because card issuers charge around 2.5% on every foreign purchase—on top of the exchange rate. You can avoid this fee by using a card that waives it. Alternatively, you could offset the fee with a credit card that offers more than 2.5% back in rewards on those purchases. There’s a lot of valuable information to cover, so let’s get started. What is the best no foreign transaction fee credit card in Canada? We’ll cut to the chase and…

Northern Trust in the spotlight as Q3 earnings loom Wednesday

USD The dollar’s first weekly loss since early September did not extend into Monday. Having dipped in early European trade, the closed around 102.0, up roughly 0.2pp as the AI-led equity selloff behind last week’s flight to safety partially reversed, with the rebounding more than 1%. That said, Fed expectations remain little changed: an October hold is priced at close to 85%, with a December hike fully embedded in swaps, consistent with our view that Chair Warsh keeps his powder dry next week before moving ahead of the Christmas holidays. Today’s US calendar offers only September housing starts and building…

The dollar is consolidating rather than breaking, with still finding support around 101.50/60 unless US tech takes another proper leg lower and drags the AI-credit complex with it. Takeaways • FX has opened the week looking almost comically calm, but underneath the still surface sit three live wires: elevated energy prices, lingering AI credit stress and a widening French sovereign spread problem that keeps the dollar difficult to fade. • The dollar is consolidating rather than breaking, with DXY still finding support around 101.50/60 unless US tech takes another proper leg lower and drags the AI-credit complex with it. •…

Canadian Dollar Forecast: Loonie Gains as Softer Core Inflation Tests Rate Bets The Canadian Dollar has strengthened, but CIBC eyes renewed pressure if the Fed raises rates while softer domestic inflation lets the BoC hold. The Canadian Dollar extended its recovery on Tuesday, pushing the US Dollar-to-Canadian Dollar exchange rate down to around C$1.4076, almost 1% below its level five trading days earlier. Latest-Exchange Rates: Dollar to Canadian Dollar (USD/CAD): 1.40553 (-0.36%) Pound to Canadian Dollar (GBP/CAD): 1.876264 (-0.06%) Euro to Canadian Dollar (EUR/CAD): 1.576396 (-0.34%) Monday’s inflation figures give the Bank of Canada room to resist following the Federal…

Consumers continued to cite tariffs and trade tensions as the top factor affecting inflation (Chart 2). Respondents were somewhat more likely to cite tariffs and trade tensions after trade talks between Canada and the United States broke down. In follow-up interviews, many consumers described how tariffs were raising prices of everyday purchases. Energy prices were also still widely cited as a source of inflation, although fewer respondents mentioned them than in the previous quarter. Most consumers believe the war in the Middle East will raise inflation over the next 12 months. In follow‑up interviews, several respondents linked the conflict to concerns…

Canola futures on the Intercontinental Exchange were lower on Monday due to weaker comparable oils and a stronger Canadian dollar. Crude oil was down slightly after the United States suspended sanctions against Russian oil, raising hopes for larger supply. However, conflicts in Ukraine and the Middle East continue, creating logistical issues. Chicago soyoil and European rapeseed were in negative territory on Monday. However, Malaysian palm oil was higher as the receding Kapuas River due to El Nino-driven drought caused shipping issues in Indonesia. Statistics Canada reported the country’s annual inflation rate increased to 3.1 per cent in September, compared to…

Canadians have no shortage of options when it comes to selecting a new credit card. Whether you’re looking at a Visa, Mastercard, or Amex from a fintech, big bank, or credit union, we’re here to help you sort through all your choices for 2026. To make it easier to find the best credit card for you, we’ve broken the best credit cards down based on the financial goals and categories they best align with. Once you’ve decided what you’re looking for from a new credit card, check out our top picks and apply today. Compare popular credit cards in Canada…