Author: Robert Jessi

Short-Term Rate Differential Is the Medium-Term Anchor for EUR/GBP Source: ING, Refinitiv Tight Fiscal Arithmetic Becomes Harder to Ignore Like much of Europe, there are plenty of reasons to be downbeat about the UK’s public finances. Spending pressures are growing – from defence to health and social care. Debt interest costs are high and rising, not helped by Britain’s large stock of index-linked bonds and increasing reliance on foreign investors (particularly hedge funds). The tax burden may be the highest in decades, but spending has risen more significantly as a share of GDP since 2019. And tax on wages –…

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…

Summary:Rising crude oil prices and a weakening greenback pushed USD/CAD back below 1.4100, threatening a return to its July downward channel Central bank divergence remains a risk, as a cautious Bank of Canada (BoC) and hawkish Federal Reserve could limit further loonie gains The Bank of Canada’s steady policy rate keeps interest rate differentials tilted in favor of greenback dip-buyers on deeper pullbacks The US dollar briefly halted the Canadian dollar’s recent climb earlier this week. But it started falling again yesterday and still looks weak today. Now trading below 1.4100, around 1.4080, investors wonder if USD/CAD will return to the steady…

The company says the net loss attributable to shareholders amounted to $726 million or $1.37 per diluted share for the quarter ended June 30. The result compared with a profit of $157 million or 29 cents per diluted share in the same quarter last year. On an adjusted basis, Rogers says it earned $1.15 per diluted share in its latest quarter, up from an adjusted profit of $1.14 per diluted share a year earlier. Revenue totalled $5.62 billion, up from $5.22 billion in the same quarter last year. Rogers announced a deal earlier this month to buy the remaining 25%…

Five Star Bancorp director Larry Allbaugh buys $4.25 million in shares

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…

USD Thursday brought the stagflationary mix into full view. A twelfth consecutive day of US-Iran strikes and Houthi attacks on Saudi tankers, which threaten to close the Bab el-Mandeb strait even as Hormuz shipping sits near a standstill, sent above $100 for the first time in two months, with settling above $90. President Trump’s threat of a massive attack on Iran, exceeding anything prior, deepened the risk-off tone: rose to 4.70%, the fell over 2%, and the dollar firmed, if unevenly, with reports that officials are exploring grounds to remove Fed Governor Barr keeping independence concerns alive. Jobless claims at…

Silver’s spectacular rise and brutal collapse in 2026 may look like the classic boom and bust story. But the metal’s rollercoaster ride is more complex: Silver was caught in the crossfire of the Iran war as investors fled precious metals, the US Dollar strengthened and rate-cut expectations faded. But Silver’s industrial backbone remains intact, supported by surging demand from artificial intelligence, renewable energy and electrification. This should keep bears on hold for the rest of the year, unless another wave of policy uncertainty from Mr. Donald Trump changes the equation.Silver started the second half of the year trading near levels…

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…

The Canadian dollar gained ground against the U.S. dollar Thursday. Crude oil, Canada’s most important export, surged more than 2% to $78.46 a barrel, and the loonie moved right along with it. Canada sits among the world’s biggest oil producers, so the link between crude prices and the currency isn’t subtle — it’s pretty much baked into how traders think about the Canadian dollar every single day. When oil rallies, money tends to flow toward the loonie. When oil drops, the currency usually feels it fast. Thursday’s session was a clean example of that relationship playing out in real time.…