Author: Robert Jessi

Scotiabank finds little evidence the Canadian Dollar is misaligned, despite Trump’s complaint about a currency “imbalance”. The US Dollar to Canadian Dollar (USD/CAD) exchange rate edged lower to 1.3774 on Wednesday, extending two days of losses as rising oil prices supported the Loonie despite escalating trade tensions. At the time of writing, USD/CAD was down 0.03%, following declines of 0.23% on Monday and 0.20% on Tuesday. View full size Image: USD to CAD rate chart over the last 48 hours Scotiabank’s valuation model puts the pair close to its estimated equilibrium of 1.3756, offering little support for President Trump’s suggestion…

Canadian bank strategists expect USD/CAD rallies to attract sellers, with support near 1.3720 ahead of a possible retreat towards 1.3500-1.3550. The US Dollar to Canadian Dollar (USD/CAD) exchange rate edged higher on Wednesday after two consecutive daily declines, as traders assessed fresh US restrictions on Canadian goods. At the time of writing, USD/CAD was up 0.12% at 1.3795, recovering some of Tuesday’s 0.20% fall. Latest — Exchange Rates: Dollar to Canadian Dollar (USD/CAD): 1.37947 (+0.12%) Pound to Canadian Dollar (GBP/CAD): 1.870651 (+0.26%) Euro to Canadian Dollar (EUR/CAD): 1.606438 (+0.28%) Foreign exchange strategists at Scotiabank expects the broader decline to resume,…

In August, the unemployment rate stood at 6.4%. The economy is recovering, but slowly. The desperation to find employment can make jobseekers vulnerable to job scams, which are on the rise. MoneySense’s Penelope Graham interviewed Octavia Howell, Chief Information Security Officer at Equifax Canada, about job scams. Howell shared everything you should know, especially how to avoid falling for job scams and the steps you should take if you get unlucky and are victimized. Watch the interview on our YouTube channel or read a summary of some of the questions answered below: Read a summary of some of the questions…

Iran war could last through end of Trump’s term- WSJ citing advisers

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the fourth consecutive day and trading around 98.70 during Asian hours on Thursday.Market participants are closely watching the upcoming US Producer Price Index data due to be released on Thursday and Consumer Price Index data on Friday, as these inflation reports could provide vital hints regarding the Federal Reserve’s (Fed) monetary policy outlook ahead of its meeting next week.Following recent stronger US jobs data, traders have increased their bets on an interest rate hike, with the CME FedWatch…

The Australian Dollar (AUD) keeps the ongoing move higher in place midweek, with AUD/USD revisiting the 0.7240 region for the first time since mid-May. Furthermore, the 0.7200 region appears to have emerged as a solid contention for occasional bouts of weakness.The pair has rapidly left behind Tuesday’s slight retracement, gathering fresh traction amid the US Dollar’s vacillating price action in a context of unabated tensions in the Middle East and increasing caution ahead of the release of US inflation figures toward the end of the week.Meanwhile, AUD/USD has trended higher since early July, supported by the Reserve Bank of Australia’s…

Bharat Connect, operated by NPCI Bharat BillPay Limited (NBBL), has integrated with FX-Retail, operated by Clearcorp Dealing Systems (India) Limited, a wholly owned subsidiary of The Clearing Corporation of India (CCIL).Through participating Bharat Connect channels, customers will be able to purchase foreign currency, make overseas remittances and reload forex cards. The platform will provide live rates and pricing through FX-Retail, while the fulfilment of transactions will continue through the customer’s relationship bank.Customers can also add multiple relationship banks to their Forex Retail profile and select the bank through which they want to fulfil a transaction. This is expected to provide…

The Canadian dollar was virtually unchanged on Wednesday morning, despite sharp increases in crude oil. Currencies As of 8:37 am CDT, the Canadian dollar was at US$0.7254 or US$1=C$1.3785, compared to Tuesday’s close of US$0.7255 or US$1=C$1.37884. The United States Dollar Index shed 0.142 of a point at 98.385. Crude oil Crude oil prices were stronger on Wednesday morning, as the U.S.-Iran war escalated. West Texas Intermediate climbed US$2.67 at US$95.70 per barrel. Brent crude advanced US$2.75 at US$100.67/barrel, surpassing the US$100-mark for the first time in about six weeks. Financial markets The TSX/S&P Composite Index gave up 87.17 points…

“I think they’re a very valuable tool, and the biggest pro of all is that by using them, you get free money,” said Matthew Kempton, portfolio manager at Verecan Capital Management in Halifax. “The government’s going to give you a grant—a percentage of your contribution—and there’s even more free money that would come along if you’re a lower-earning household.” A registered education savings plan is a saving tool for education after high school, which includes trade schools and apprenticeship programs, not just college or university. In addition to tuition, the funds can be used for rent, transportation and other expenses.…

Ibotta at Citi’s 2026 Global TMT Conference: turnaround gains pace