Author: Robert Jessi

Unknown's avatar

Cheif finance content and platform manager.

Kelly Ho, a certified financial planner at DLD Financial Group, said renters need to consult their provincial tenants act. In many provinces the new owner or the bank is required to continue the tenant agreement if the lease term hasn’t ended, but that may not be true for all jurisdictions, she said. “It’s really important for the tenant to know their rights and continue acting in good faith and making sure they don’t let anything slip and that everything’s documented,” Ho said. Tenants face uncertainty when landlords fall behind Douglas Kwan, a lawyer and director of advocacy and legal services…

Read More

A hot inflation reading for May released Wednesday morning reinforces that the Federal Reserve will maintain interest rates next week. Rates will likely remain on hold until there’s evidence that inflation is receding. The Consumer Price Index rose 4.2% in May, in line with expectations, compared with 3.8% in April. The increase was again driven by energy prices due to the conflict in the Middle East, which accounted for 60% of the rise in inflation. Food and shelter prices also pushed up inflation last month. Stripping out volatile energy and food prices, “core” inflation ticked up to 2.9% from 2.8%…

Read More

Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.Citing an official, Axios reported that the US and Iran have agreed to end more than three days of retaliatory strikes in and around the Strait of Hormuz and engage in further technical talks on Tuesday in Qatar.Earlier, talks to end the US war with Iran were reportedly on hold after the US struck Iranian military targets in retaliation for Tehran’s latest strikes on shipping vessels in the Strait…

Read More

The EUR/USD pair fell sharply for a second consecutive week, trading as low as 1.1324 before recovering towards the current 1.1410 price zone. The US Dollar Index (DXY) peaked at 101.80, its highest in little over a year, extending the positive momentum triggered by the Federal Reserve’s (Fed) hawkish hold and easing Middle East tensions. By the end of the week, the Greenback retains most of its gains, with the ongoing modest retracement seen as corrective.War progress?Over the last few days, the near-term inflationary outlook improved as progress in the Iran-United States (US) deal has sent Oil prices sharply lower.…

Read More

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The war in the Middle East has increased volatility in global energy prices and financial markets, and heightened the risks to the global economy. The breadth and duration of the conflict, and hence its economic impacts, are highly uncertain. Prior to the war, the global economy was on pace to grow at around 3%, as expected in the January Monetary Policy Report (MPR). Economic growth in the United States has moderated but remains solid,…

Read More

Mark McCormick, chief FX strategist at BMO Capital Markets, joins BNN Bloomberg to discuss how a hawkish U.S. Fed affects the macro backdrop. The Canadian dollar remains under pressure as a stronger U.S. economy and shifting Federal Reserve expectations lift the U.S. dollar. With central banks providing less forward guidance, investors are relying more heavily on economic data to gauge the path for interest rates and currencies.BNN Bloomberg spoke with Mark McCormick, Chief FX Strategist at BMO Capital Markets, about the outlook for the loonie, why the U.S. dollar continues to strengthen, and how a more data-dependent approach from central…

Read More

If not for the threat of intervention, there’s a strong argument would already be trading significantly higher. We examine what’s holding it back, and what traders should be watching in H2 2026.Fundamentals continue to favour USD/JPY upside BOJ intervention threat continues to suppress volatility US economic exceptionalism remains a powerful tailwind Speculators continue backing further yen weakness Technicals continue to favour the bulls The Battle Beneath the SurfaceIf not for the threat of intervention from Japanese authorities, there’s a strong argument USD/JPY would be trading significantly higher than where it does today. Markets have gone from pricing aggressive Federal Reserve…

Read More