Author: Robert Jessi

Investing.com — The Canadian dollar strengthened against its U.S. counterpart on Tuesday as the greenback retreated from an 18-month peak, with easing oil prices and U.S. bond yields helping temper concerns over inflation and the outlook for interest rates. The U.S. dollar/Canadian dollar pair fell 0.16% to C$1.4258, according to Investing.com data. The pair opened at C$1.4280 and traded between C$1.4256 and C$1.4283, putting the Canadian dollar on track for a modest advance in early trading. The move came as the U.S. dollar weakened alongside Treasury yields and crude prices, while investors assessed the potential for easing geopolitical tensions. Markets…

The digital lender said in a news release Tuesday that it is launching a new account type, named the Simplii Account, and is piloting new features like bank account folders.   “Our clients are self-selecting around their attitude toward money and how they want to manage their money,” Atanaska Novakova, the head of Simplii Financial, said in an interview. “It’s not about age and it’s not even about income or complexity of financial needs. It’s about people who want to be in control, who want good value.” Simplii Financial is a direct banking brand owned by CIBC, created after CIBC…

Keefe Bruyette cuts Wells Fargo stock price target on NIM concerns

The USD/JPY eased lower yesterday, with the greenback also declining against several other currencies. However, oil prices managed to bounce back off their lows to close flat, and if we now see fresh gains for then the US dollar could easily make a comeback, especially against currencies where the economy relies heavily on energy imports. The US dollar hadn’t moved much yet, but these forces could help it to regain its poise ahead of the release of US later on Wednesday. I maintain a modestly bullish USD/JPY view, as the pair continues to consolidate near its 200-day average. Can we…

USD The dollar’s winning streak paused on Tuesday, with the falling 0.4%, helped by comments from New York Fed President Williams, who noted that one more hike “may be appropriate this year” while seeing no need for further tightening in 2027. That echoed earlier interventions from Governor Waller, who said higher long-term yields are restraining housing and autos in a way the Fed did not intend. So, while a December hike remains close to fully priced, with October at roughly one in five, downside pressure on expectations further out is now weighing against dollar gains. Whether that persists today depends…

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%)…

Investing.com –The Canadian dollar weakened on Friday after an unexpectedly sharp decline in employment reinforced concerns about the domestic economy and reduced expectations for a Bank of Canada interest-rate hike this month, while falling oil prices added pressure to the commodity-linked currency. Before you buy NVIDIA: our AI model’s stock picks are beating the market by 120%+. See the list now » The U.S. dollar was quoted at around C$1.4280, up 0.37%, in the latest market snapshot available for this update. However, the exact USD/CAD rate at 10:39 a.m. ET could not be independently verified against a timestamped Investing.com quote.…

A monthly report from Rentals.ca and Urbanation said the figures mark two full years of annual declines, the longest downturn the Canadian rental market has experienced in recent history.    Average asking rent prices in September were down 7.3% over the past two years and 9.2% below the peak of $2,202 in May 2024. The report also highlighted figures from Statistics Canada that show average weekly earnings have risen 19.4% over the past five years, signifying a general improvement in rental affordability. Rents edged slightly lower on a monthly basis, down by $1 compared with $2,035 in August, a second…

Liquidia chief accounting officer Dana Boyle sells $167,804 in shares

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,…