Author: Robert Jessi

A stronger Canadian Dollar features in Crédit Agricole’s forecasts, with USD/CAD falling to 1.34 by June 2027 and 1.32 that December. Crédit Agricole forecasts a sustained Canadian Dollar recovery through 2027, even as its broader outlook allows for US borrowing costs to rise further first. The bank puts USD/CAD at 1.38 in December 2026, 1.34 in June 2027 and 1.32 in December 2027. A falling rate means a stronger Canadian Dollar, with fewer Canadian Dollars required to buy one US Dollar. US yields remain an obstacle before 2027 relief Crédit Agricole’s wider US outlook cautions against assuming an immediate collapse…

The CCB is a tax-free monthly payment to help parents manage the cost of raising children. Each July, the Canada Revenue Agency (CRA) recalculates how much eligible Canadian families will receive in CCB payments. This is based on your adjusted family net income from the previous year (for the 2026–2027 benefit year, that’s 2025). In July 2026, with the new benefit year kicking in, the CCB was adjusted to inflation and grew by 2%, based on Consumer Price Index (CPI) data. Usually, your CCB payment is issued around the same dates: it will go out on the 20th day of…

Form 4 Procore Technologies Inc: Craig F. Courtemanche Jr (Director, Chairman of the Board) For: 12 October

The United States (US) has proposed that European nations unfreeze some Russian sovereign assets immobilised following Moscow’s invasion of Ukraine and transfer them to a financial arrangement managed by Washington as part of efforts to revive peace negotiations, the Financial Times reported on Wednesday.The proposal was discussed during meetings held in Miami last week involving US President Donald Trump’s peace negotiators and officials from Ukraine, France, Germany, the United Kingdom (UK), the European Union (EU) and NATO.The sources said Washington had outlined several possible approaches to unlocking the frozen assets, including transferring them to a new special-purpose financial vehicle overseen…

Yemen’s Houthis vowed on Wednesday to continue targeting airports and oil facilities in Saudi Arabia. The threat came a day after an attack reportedly caused extensive damage to the headquarters of oil giant Saudi Aramco, Reuters reported on Wednesday.The Houthis said the threatened locations were legitimate military targets and said their attacks were retaliation for Saudi airstrikes in Yemen. Meanwhile, Iran’s Islamic Revolutionary Guard Corps (IRGC) stated that it attacked ships deemed to be violating its restrictions in response to broken commitments by the US.The IRGC spokesperson, Brigadier General Hossein Mohebbi, said that the US violated its commitments by launching attacks…

The Canadian Dollar’s Recovery Depends on More Than the Next BoC Decision Canada’s jobs slump weakens the case for an early rate rise, while ING says the Canadian Dollar needs calmer bond markets to recover against the US Dollar. Canada’s loss of 68,000 jobs in September has challenged expectations of an early interest-rate increase, leaving the Canadian Dollar with less domestic support against a US currency that ING expects to remain firm. Friday’s labour-force report put unemployment at 6.5%, while USD/CAD ended the session near 1.4256, up 0.22% on the day. Latest-Exchange Rates: Dollar to Canadian Dollar (USD/CAD): 1.42559 (+0.22%)…

Investing.com — The Canadian dollar strengthened against its U.S. counterpart on Tuesday as the greenback retreated from an 18-month peak, with easing oil prices and U.S. bond yields helping temper concerns over inflation and the outlook for interest rates. The U.S. dollar/Canadian dollar pair fell 0.16% to C$1.4258, according to Investing.com data. The pair opened at C$1.4280 and traded between C$1.4256 and C$1.4283, putting the Canadian dollar on track for a modest advance in early trading. The move came as the U.S. dollar weakened alongside Treasury yields and crude prices, while investors assessed the potential for easing geopolitical tensions. Markets…

The digital lender said in a news release Tuesday that it is launching a new account type, named the Simplii Account, and is piloting new features like bank account folders.   “Our clients are self-selecting around their attitude toward money and how they want to manage their money,” Atanaska Novakova, the head of Simplii Financial, said in an interview. “It’s not about age and it’s not even about income or complexity of financial needs. It’s about people who want to be in control, who want good value.” Simplii Financial is a direct banking brand owned by CIBC, created after CIBC…

Keefe Bruyette cuts Wells Fargo stock price target on NIM concerns

The USD/JPY eased lower yesterday, with the greenback also declining against several other currencies. However, oil prices managed to bounce back off their lows to close flat, and if we now see fresh gains for then the US dollar could easily make a comeback, especially against currencies where the economy relies heavily on energy imports. The US dollar hadn’t moved much yet, but these forces could help it to regain its poise ahead of the release of US later on Wednesday. I maintain a modestly bullish USD/JPY view, as the pair continues to consolidate near its 200-day average. Can we…