Author: Robert Jessi

The USD/JPY pair gathers strength to around 158.10 during the early Asian trading hours on Friday. The US Dollar (USD) edges higher against the Japanese Yen (JPY) following hotter-than-expected US Producer Price Index (PPI) data. Federal Reserve (Fed) Chair Kevin Warsh’s speech will be the highlight later on Friday.The US PPI rose by 6.3% year-on-year (YoY) in September, the largest increase since 2022, the Bureau of Labor Statistics revealed on Thursday. This reading followed a rise of 5.6% in August (revised from 5.4%) and was higher than the expectation of an increase of 5.3%.The recent US Consumer Price Index (CPI)…

Reviewing your portfolio and taking a look at what gains you’ve seen and how you might be able to offset them with any losses should be part of your year-end tax planning.  Kris Kibler, tax planning lead at Wealthsimple, says if you are selling shares at a loss, that deficit can be used to offset capital gains on better performing stocks, reducing the amount of tax you will owe. He explained that if you bought shares for $10,000 and later sold them for $7,000, the $3,000 capital loss could be deducted against capital gains. That deduction will reduce the amount…

Gold steadies near $4,160 as stock selloff drives bond rally, Treasury yields fall

Key TakeawaysCanada’s OSFI ruled tokenized deposits legally match traditional ones, removing a major regulatory hurdle.The regulator adopted a tech-neutral stance, binding tokenized assets to current financial compliance laws.Banks can now implement tokenized deposits, lifting compliance burdens and accelerating digital adoption. Canadian Banking Regulator Takes A Stance Regarding Tokenized Deposits The Canadian financial system has received good news regarding the possible integration of decentralized technologies in its banking ecosystem. On Thursday, the Office of the Superintendent of Financial Institutions (OSFI), the Canadian banking regulator that supervises nearly 350 financial institutions and 1,200 pension plans, took a friendly stance on tokenized deposits,…

US President Donald Trump said on Friday that he would not use a nuclear bomb in Iran and does not see his country deploying ground troops in the Islamic Republic, Reuters reported. Trump added that he spoke with Russia and China about nuclear disarmament.Key quotes Wouldn’t employ nuclear weapons on Iran. Talking to Russia, China on nuclear disarmament. No plans to deploy troops on ground in Iran. Market reactionAt the time of writing, the West Texas Intermediate (WTI) is up 2.08% on the day at $96.03. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI…

Well, today’s markets certainly aren’t following yesterday’s script. The dollar bulls have pushed through several important technical barriers, including resistance levels on the weekly chart that had previously kept buyers in check. Meanwhile, gold is moving in the opposite direction, challenging the foundations of its recent bullish setup. At first glance, the message seems straightforward: dollar bulls are gaining strength while gold bears are taking control. But here’s the interesting part. The dollar is approaching an important resistance area on the monthly chart, while gold is testing a weekly support zone that could still play a crucial role in the…

The Canadian dollar strengthened against its U.S. counterpart on Thursday as the greenback retreated from an 18-month high, although a sharper-than-expected surge in U.S. producer prices raised concerns about persistent inflation and the possibility of further monetary tightening by the Federal Reserve. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month’s list » The U.S. dollar was last down 0.29% against the Canadian dollar at C$1.4197 around 8:24 a.m. ET, after trading between C$1.4195 and C$1.4241. A decline in the USD/CAD exchange rate indicates a…

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. …

The TD Aeroplan Visa Platinum, TD Aeroplan Visa Infinite, TD Aeroplan Visa Business and TD Aeroplan Visa Infinite Privilege cards will see cushier benefits starting January 12. New perks applying to all the credit cards include 15% off points needed to Air Canada flight rewards and a free fourth night/day on any hotels or cars booked using points. The three higher-tier cards also get an annual AC travel credit called the Air Canada Flight Benefit. With the exception of the Visa Platinum, all cards will undergo a fee increase on January 25.  According to TD, earn rates and existing annual…

360 ONE Q2 FY27 slides: ARR growth accelerates despite profit slip