Author: Robert Jessi

The Bank of Canada is expected to resume raising interest rates, but the timing and extent of the ne PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a subscription? Sign in

USD A post-CPI dollar surge proved short-lived yesterday. Granted, September inflation was hotter than expected, with core up 0.3% MoM for a second month, taking annual core price growth to 2.6% YoY, and headline to 3.7% as fuel costs jumped again. But despite this, odds of an October hike remain subdued, having slipped back from north of 50% shortly after the data landed to around 28% this morning, only slightly above pre-release levels. Arguably, pushback from FOMC speakers helped to keep yields contained, but these moves also seem to have wrong-footed markets, with a sharp equity selloff also driving haven…

Gold is building on the previous rebound from one-week lows of $4,073, accelerating its recovery momentum beyond $4,100 in Asia on Thursday. The upswing is likely to continue ahead of the US Retail Sales and Producer Price Index (PPI) data.Bloomberg’s China report rescues Gold buyersEarly Thursday, Gold has entirely reversed steep losses incurred following the release of hot US Consumer Price Index (CPI) report on Wednesday.The US Labor Department’s Bureau of Labor Statistics said ​on Wednesday that annual core CPI rose 2.6% last month after climbing 2.4% in August, above market forecasts of +2.5%. Core CPI inflation steadied at 0.3% over the…

USD/CAD Outlook: Weak Jobs Challenge the Case for Canadian Rate Rises JP Morgan analysts doubt the Canadian economy can sustain the rate rises investors expect, leaving the CAD Dollar vulnerable to further USD strength. Canada’s weak jobs market is making an ambitious path of interest-rate increases harder to justify, according to JPMorgan’s trading desk, as the US Dollar returns towards C$1.43. Before Wednesday’s US inflation release, the bank estimated that currency markets were anticipating roughly four Bank of Canada hikes over the following 12 months. The desk says: “We remain bearish on the Canadian economy amid headwinds from the re-categorisation…

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%)…