Author: Robert Jessi

USD/CAD halts its winning streak that began on June 10, trading around 1.4230 during the Asian hours on Thursday. The currency pair depreciate as the US Dollar (USD) declines despite rising market expectations of Federal Reserve (Fed) interest rate hikes later this year.Traders are positioning for tighter monetary policy after Federal Reserve Chairman Kevin Warsh signaled a firm focus on taming inflation, noting that the broader economy remains on a stable footing. Reflecting this hawkish shift, the CME FedWatch tool shows that markets are now pricing in an 83.1% probability of rate hikes by the end of December.Traders focus now…

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 10, 2026. This summary reflects discussions and deliberations by members of Governing Council in stage three of the Bank’s monetary policy decision-making process. This stage takes place after members have received all staff briefings and recommendations. Governing Council’s policy decision-making meetings began on June 4, 2026. The Governor presided over these meetings. Members in attendance were Governor Tiff Macklem, Senior Deputy Governor Carolyn Rogers and Deputy Governors Toni Gravelle, Nicolas Vincent, Michelle Alexopoulos and Marc‑André Gosselin. International economy Governing Council began deliberations by discussing recent developments…

Gold price (XAU/USD) tumbles to around $3,995 during the early Asian session on Thursday. The precious metal extends the decline to below the $4,000 psychological level for the first time since November 2025 on the prospect of higher interest rates and a stronger US Dollar (USD). All eyes will be on the US May Personal Consumption Expenditures (PCE) data, which will be published on Thursday. Traders have ramped up bets on US interest rate hikes this year after the US Federal Reserve (Fed) delivered hawkish messages at its June policy meeting and as fears of inflationary pressures stemming from the Iran war persist. It’s worth…

A high-fee card can deliver strong rewards and perks that are valuable if you actually use them. On the flip side, a no-fee card can feel “safe” but may leave rewards on the table if your spending habits qualify you for better options. The real question isn’t just what the card costs, but whether it pays for itself based on your spending. As reward programs evolve and Canadians look for more value from everyday spending, the best credit card in 2026 is the one that matches your behaviour, not just your wishlist. What you’re really paying for Annual fees aren’t…

Form 4 Ooma Inc For: 24 June

A hot inflation reading for May released Wednesday morning reinforces that the Federal Reserve will maintain interest rates next week. Rates will likely remain on hold until there’s evidence that inflation is receding. The Consumer Price Index rose 4.2% in May, in line with expectations, compared with 3.8% in April. The increase was again driven by energy prices due to the conflict in the Middle East, which accounted for 60% of the rise in inflation. Food and shelter prices also pushed up inflation last month. Stripping out volatile energy and food prices, “core” inflation ticked up to 2.9% from 2.8%…

GBP/USD spent Wednesday confirming what the daily chart has signalled for a week, that the Pound’s attempted recovery has run out of road. Cable drifted lower through the session to a low just under 1.3150 before clawing back a little into the close, settling just above fresh lows for the move. The pressure is all on the Dollar, lifted broadly by a Federal Reserve (Fed) that has turned hawkish, and nothing on the UK side has been able to stand in its way.The chart has already made the callThe daily chart is unambiguous, and not flattering. Price has broken below…

The Katayama–Bessent call matters because Treasury support would change intervention from a Tokyo-only defence into a broader warning on dollar strength. Takeaways is back near the July 2024 high around 161.95, turning a yield trade into a policy-risk trade. August 2024 remains the carry trade’s VaR scar tissue, but the ingredients for another full-scale unwind are not yet aligned. The Katayama–Bessent call matters because Treasury support would change intervention from a Tokyo-only defence into a broader warning on dollar strength. The real risk for late USD/JPY longs is not a repeat of the 2024 tsunami. It is a sharp tactical…

Canada’s inflation rate accelerated above the Bank of Canada’s target band in May, yet markets remain convinced policymakers will leave rates unchanged. With bearish CAD positioning becoming …

Step back into the excitement and pride of Canada’s first Olympic Games as the Bank of Canada Museum opens Montréal 1976: The legacy of the Olympic coins. This new exhibition explores how special collector coins helped fund the Montréal 1976 Olympics and became enduring symbols of national ambition and artistry. Marking the 50th anniversary of the Montréal Games, the exhibition tells the remarkable story of one of the largest and most ambitious commemorative coin programs ever created. Between 1973 and 1976, Canadians supported the Games by purchasing specially designed silver and gold coins—turning public enthusiasm into a powerful fundraising effort…