Author: Robert Jessi

Citi says these beaten-down China internet stocks are worth buying on the dip

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…

Sterling is fighting a losing battle on two fronts, and the chart shows it. trades near 1.3195 in Friday dealing, holding modest gains above 1.32 after bouncing off a seven-month low near 1.3147 earlier in the week. The pair has slid from its January 28 high of 1.3824 — down more than 4.5% — and sits below every meaningful moving average, with the technical signals flashing outright sell. The bounce off the lows is real but fragile, and the reason cable can’t find a floor is that it’s being squeezed from both ends at once. That two-sided pressure is the…

The week that wasAnother promising week for the US Dollar (USD). Indeed, the Greenback climbed to levels last seen in early May 2025 near the 102.00 barrier, as measured by the US Dollar Index (DXY).The continuation of the move higher in the buck was propped up by rising bets that the Federal Reserve (Fed) might keep its cautious stance, or even hike rates, later in the year. This view gained particular momentum after the Fed delivered a hawkish message on June 17, during Kevin Warsh’s first meeting in charge.However, the extra rebound in the US Dollar did not find an…

Tame US PCE knocks US dollar lower – Oil prices retreat despite Iran attack on Taiwan ship – US dollar opens lower against the majors. USDCAD open: 1.4185, overnight range 1.4181-1.4210, close 1.4203, …

So, how do we explain this situation? The cyclical interpretation is simple: young people tend to work in sectors that are sensitive to swings in the economy, such as retail or culture and recreation. When the economy slows, unemployment tends to rise more sharply among young people compared with others. That said, the magnitude of the rise in youth unemployment suggests other factors are at work. One possible factor is demographics. Between 2022 and 2024, there was a large influx of young people from abroad. This intensified competition in Canada for lower‑skill and entry‑level jobs. Following that period of rapid…

Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD continues its grind higher, with the Canadian Dollar (CAD) in a near straight-line decline since early May as wider US–Canada yield spreads drive weakness. Short-term technicals are described as neutral/bullish, with a break above the upper 1.41 area opening 1.43–1.45, though an extremely overbought RSI suggests any correction could be meaningful.Overbought rally eyes 1.43–1.45″The big dollar grind higher has extended a little more this morning but the CAD is one of the more resilient major currencies to the USD’s advance on the day.””It has been a straight line decline for the…

The Laval, Que.-based company, which keeps its books in U.S. dollars, says its total revenue came in at US$19.5 billion, rising year-over-year from US$16.27 billion. The company says higher average fuel selling prices helped to increase revenue during the period.  Couche-Tard says its total merchandise and service revenue came in at US$4.5 billion, rising 7.7 per cent from US$4.19 billion.  Couche-Tard CEO Alex Miller says the company’s strategy, which it unveiled in February, is driving strong momentum across its U.S. business.  Source Google BlackBerry reports Q1 profit and revenue up, raises full-year revenue guidance BlackBerry Ltd. (TSX:BB) Numbers for its…

Form 4 Immunovant Inc For: 26 June

By Robb M. Stewart OTTAWA–A further surge in Canadian gasoline prices last month drove inflation in the country to its hottest in more than two years. The consumer-price index climbed 1% in May, pushing the annual rate to 3.2%, the highest level since the end of 2023, Statistics Canada said Monday. A third straight month of increased pump prices as the conflict in the Middle East continued to restrict crude oil supplies meant Canadians were paying the most for gasoline since mid-2022, when Russia invaded Ukraine. Stripping out gasoline, annual inflation edged up 0.2 percentage point to 2.2%. The overall…