Author: Robert Jessi

But the first few weeks have some thinking Wealthsimple might have even bigger ambitions. What is Wealthsimple really betting on? When Charles Martineau, an associate professor of finance at the University of Toronto, and Marius Zoican, the Canada Research Chair in financial technology, each logged onto Wealthsimple’s Predict app, they found it displaying stakes in who will become the next James Bond, what the score will be at future football games, and who will win the 2028 U.S. presidential election.  Canadian users can’t put money on any of those topics because the country’s regulators have yet to allow prediction market…

Oneflow reports revenue growth and narrower loss in Q2

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…

US this week has been contained and very welcome for Treasuries. It absolutely eases higher rates pressure. But that pressure is far from gone. Real yields are higher and will likely remain so. The fiscal numbers are slipping. And keep a close eye on the yen and how it’s dealt with in the coming weeks and months, as Treasuries can be impacted. Real yields in the US remain high and with fiscal numbers slipping there could be negative feedback into Treasuries if more intervention to support the yen is entertained. A link between yen pressure and Treasuries pressure is there.…

The dollar rose to 159.4570 against the yen on Thursday, August 13, up 0.02% from the previous session, after testing 159.53 during the European morning. The pair traded flat near 159.40 through the Asian session and has spent the week grinding back toward the level that triggered a record intervention two weeks ago. Over the past month the yen has strengthened 1.72%. Over twelve months it is down 7.97%. Those two numbers describe exactly what has happened: an official operation delivered a one-month gain inside a one-year collapse. The recent sequence is precise. closed near 159.30 on August 11, up…

Analysts downgrade odds for Fed rate hike in September – US PPI data in focus – US dollar opens mixed and little changed from yesterdays close. USDCAD open: 1.3939, overnight range 1.3938-1.3958 close …

USD The dollar spent Wednesday morning treading water, with the pinned just below 100 ahead of July’s CPI report. The print, landing early yesterday afternoon, showed a headline price increase of just 0.1% MoM as base effects saw the annual rate ease to 3.4% from 3.5%, while core rose 0.2% MoM and 2.5% YoY. As we noted yesterday, an in-line outcome should keep the Fed on hold in September, and markets have duly trimmed the odds of a hike from close to a coin toss pre-release to around 35% as of writing this morning. Even so, the greenback whipsawed around…

Alto Neuroscience stock hits all-time high at 32.74 USD

Topline Consumer prices rose as expected in July, according to Federal data published Wednesday, as analysts projected an in-line inflation report would likely persuade the Federal Reserve not to raise interest rates next month. Another inflation reading comes as the Federal Reserve mulls potential interest rate hikes. Key Facts Consumer prices rose 3.4% from July 2025 and 0.1% from June and July, the Bureau of Labor Statistics reported, matching Wall Street’s consensus estimates, according to FactSet. Core CPI, the inflation measure that excludes the volatile energy and food sectors, dropped to 2.5% in July, meeting estimates. Morgan Stanley Wealth Management…

AUD/USD is trading little changed on Thursday, shrinking near the 0.7050s below the multi-week high reached on Wednesday near 0.7091. The pair holds its ground after US data pointed to cooling price pressure, keeping the US Dollar (USD) stagnant.The US Producer Price Index (PPI) was flat on the month in July, coming in below expectations, while the annual pace eased and the core measures also softened. The prints trimmed bets on further Federal Reserve (Fed) tightening and dragged the Dollar broadly lower. A slightly higher-than-expected weekly Initial Jobless Claims reading added to the softer tone.Cleveland Fed President Beth Hammack repeated…