Author: Robert Jessi

By Glen Hallick, Reporter The Canadian dollar added nearly a tenth of a cent on Wednesday, following the interest rate announcement from the Bank of Canada. The BoC said its overnight rate will stay at 2.25 per cent, suggesting the Canadian economy could improve. However, the central bank noted it was unsure if its future announcements this year will be decreases or increases. The loonie finished at US$0.7118 or US$1=C$1.4049 compared to Tuesday’s close of US$0.7109 or US$1=C$1.4067. On the U.S. Dollar Index, the greenback lost 0.391 of a point at 100.320. Benchmark crude oil prices turned around on Wednesday…

If you’re researching ETFs to buy, you’ve come to the right place. Below you will see the tables for different ETF categories, offering ETF options from some of the best ETF providers in Canada. We’ve included some helpful ETF asset class, geography, provider, tickers, as well as one-year return, inception date, management fees, expense ratio, as well as if it’s actively managed, ESG, its strategy, if it contains crypto, as well as returns (ranging from one day to three years), and flows (again, one day to three years). Below that is more information to help you make your choice of…

Goldman Sachs raises TOPIX 12-month target to 4,500 on weaker yen outlook

Could ’s breakout be the blueprint for ? Similar technical structures suggest traders should be paying close attention.EUR/CHF breakout puts USD/CHF on watch Break above 0.8150 targets 0.8250 initially Given the euro area and Switzerland face many of the same energy security and terms of trade pressures, the breakout in EUR/CHF on Wednesday looks more technical than fundamental. With a major surprise from the ECB later today unlikely, and nothing of consequence on the Swiss or US economic calendars to trouble the scorers, it raises the question of whether USD/CHF could deliver a similar breakout. Outside of the ECB, the…

The EUR/JPY consolidates around 186.00, edges down by 0.06% amid a souring of risk appetite amid the escalation of the US-Iran war, and strengthens safe-haven assets like the Japanese Yen.EUR/JPY Price Forecast: Technical outlookThe EUR/JPY trades sideways after reaching the year-to-date (YTD) high of 187.95. The cross-pair dipped toward the 183.00 area following the Bank of Japan’s (BoJ) last intervention, and since then buyers have reclaimed key resistance levels to reach the 186.00 mark.At the time of writing, the EUR/JPY remains capped within the 186.00-187.00 range, amid fears that Japanese authorities could intervene in the foreign exchange markets. But bulls…

USD/CAD trades around 1.4095 on Friday at the time of writing, up a modest 0.06% as the US Dollar (USD) retains a slight advantage following the release of solid US economic data, while the Canadian Dollar (CAD) remains pressured by weak domestic indicators and softer Oil prices.The United States (US) S&P Global Composite Purchasing Managers Index (PMI) rose to 53.6 in July from 51.9 in June, signaling an acceleration in private sector activity. The Services PMI improved to 53.6, while the Manufacturing PMI eased slightly to 53.8 from 53.9. According to Chris Williamson, Chief Business Economist at S&P Global Market…

Trump launches another tariff salvo – Oil prices remain steady but bid. – USD opens on a mixed note USDCAD open: 1.4080, overnight range 1.4066-1.4088, close 1.4085, WTI 90.19, Gold 4,089.73 The …

A case study: When the principal residence exemption isn’t enough Take London and Ava. London grew up in St. Louis before accepting a management position with a Canadian technology company in Vancouver. There, he met Ava, a Canadian elementary school teacher. After getting married, they purchased what they hoped would be their forever home—a detached house in Toronto for $850,000 CAD. Over the next 20 years, they renovated the kitchen, finished the basement, watched their two children grow up, and built a life around their neighbourhood. By the time they retired, the house was worth $2 million. Selling the home…

Bitcoin price today: falls below $64,000 as stablecoin inflows weaken

OCBC’s Sim Moh Siong and Christopher Wong expect the Monetary Authority of Singapore (MAS) to leave the Singapore Dollar (SGD) Nominal Effective Exchange Rate (S$NEER) policy unchanged at Monday’s meeting despite a modest rebound in core Consumer Price Index (CPI) to 1.6% year-on-year in June. They argue the move does not yet signal a broad or persistent inflation impulse, and say a balanced hold should limit SGD reaction, though emphasis on imported inflation could keep S$NEER firm.Policy pause but watch statement tone”Our base case for upcoming MAS MPS looks for a hold at Monday’s meeting.””The modest rebound warrants some caution,…