Author: Robert Jessi

Banner Corporation reports Q2 net income of $48.9 million

Canada’s financial services sector, long characterised by stability and concentration among a handful of large banks, is undergoing a decisive digital transformation. Over the past 18 months, a confluence of regulatory reform, infrastructure modernisation and fintech innovation has begun to reshape how money moves, how data is shared and how consumers interact with financial institutions. The result is not merely incremental change, but the foundations of a more open, competitive and technology-driven system. The most significant shift has been the long-awaited arrival of consumer-driven banking, more commonly known as open banking. After years of consultation, the federal government confirmed in…

USD The dollar firmed for a second day on Tuesday, the consolidating around 101 as rose to 4.63% and markets pared Fed easing bets. Notably, the greenback gained despite a risk-on session that saw the S&P 500 climb 1.0% on a chip-led rebound, underscoring the stagflationary impulse stemming from the Middle East. A mediator proposal for a 10-day truce briefly knocked crude in early trade, but a fresh tanker attack in the Strait of Hormuz and continued strikes saw settle 2.5% higher near $84. Hostilities have since entered an eleventh day, with President Trump overnight playing down near-term talks, threatening…

USD/CHF registers solid gains on Wednesday, with buyers reclaiming the 0.8100 figure amid a trading session in which the Greenback loses ground against most G8 FX currencies but posts gains versus the haven status of the Swiss Franc. The pair trades at 0.8146, up more than 0.20%.USD/CHF Price Forecast: Technical outlookThe market structure remains bullish, with USD/CHF forming a series of higher highs and higher lows. Also, the Relative Strength Index (RSI) is bullish, indicating that buyers are gaining momentum and opening the door to further upside. Hence, the path of least resistance is upwards.The first ceiling level for USD/CHF…

Summary:USD/CAD held near 1.4100 after extending its recovery, with traders watching the key 1.4115 resistance level. Safe-haven demand for the US dollar continues to outweigh support for the Canadian dollar from higher crude oil prices. A break above 1.4115 could strengthen bullish momentum, while oil prices and US economic data remain the next major catalysts. The USD/CAD exchange rate traded around 1.4101 on Tuesday after recovering steadily over the past several sessions, as renewed demand for the US dollar continued to offset the Canadian dollar’s traditional support from rising crude oil prices. The pair has advanced despite Brent crude remaining above $90…

The defensive currencies – the Japanese yen and the Swiss franc – remain soft. That may be because equity markets remain reasonably bid despite the rise in energy prices. But a far more important factor appears to be low interest rates and central banks that will be slow to hike. Expect and to stay bid during this period of high energy prices USD: No Respite From Higher Energy Prices The global investment environment can be characterised as one in which risk appetite remains reasonably strong, even as higher energy prices drive interest rates to new highs. The former is heavily…

European shares fall as tech weighs ahead of US big tech earnings; Mideast in focus

Open this photo in gallery:Illustration by Sam IslandGood morning. Inflation can be one of the biggest worries when you’re planning for retirement. Watching prices rise while you’re living on a fixed income sounds like a recipe for stress. But what if it actually isn’t quite as scary as it seems? Let’s get into it.What’s your personal inflation rate? Canada’s latest inflation numbers may have made your heart rate tick up a little.Inflation accelerated to its highest level in more than two years in May as price pressures linked to the conflict in Iran began showing up beyond the gas pump.…

Gold (XAU/USD) maintains its bid tone heading into the European session and currently trades just below a two-week high, set earlier this Wednesday. The US Dollar (USD) drifts lower following a four-day uptrend amid hopes that US-Iran diplomacy could ease energy prices and temper hawkish US Federal Reserve (Fed) expectations, underpinning the commodity. In fact, top negotiators for Iran and the US signaled that they have not walked away from talks. US Secretary of State Marco Rubio said on Sunday that the US was still open to holding talks with Iran, while Iran’s Interior Minister Eskandar Momeni  asked Pakistan to…

The Pound is the weakest major currency on the day, with falling -50 pips on the day to break below a 1-month bullish trendline as traders digest the UK jobs report and new government.GBP/USD Key PointsThe UK jobs report was mixed, with unemployment falling but wages coming in lower than expected. Traders are skeptical about the new UK government, but aren’t panicking yet. The Pound is the weakest major currency on the day, with GBP/USD falling -50 pips on the day to break below a 1-month bullish trendline. Outside of earnings reports from Alphabet and Tesla after the bell tomorrow,…