Author: Robert Jessi

Modified: Thursday, 6 August 2026 22:31 BST – Written by David Woodsmith STORY LINK Pound-Canadian Dollar Forecast: BofA Sees Near-Term CAD Weakness The Pound to Canadian Dollar exchange rate (GBP/CAD) slipped to around 1.8856 on Thursday evening, trading close to its August low as firmer oil prices and caution ahead of Canada’s employment report supported the Canadian currency. Sterling struggled to benefit from a less severe contraction in UK construction, while bank forecasts remain divided over whether the Loonie can extend its recent recovery. GBP/CAD Forecasts: BofA USD/CAD call puts 1.94 in view Bank of America expects USD/CAD to rise to 1.44…

“Taxes are one of the biggest expenses associated with owning property,” said Raymond Williams, vice-chair for the Ontario chapter of the Canadian Property Tax Association. But he said: “It’s important to know that it can change, you can reduce them, and it’s just being aware of all the programs and options available.” Watch for property assessment errors Williams said every homeowner should periodically check their property taxes for any factual errors, such as the wrong lot size that their home was assessed on, or surprise tax increases. “If suddenly there’s a large jump in your taxes, chances are something changed on…

Morgan Stanley says European earnings show strongest season in years

 Canadian monetary policy is currently characterized by a deliberate pause, with the Bank of Canada maintaining its policy rate at 2.25% on June 10 as it navigates a complex macroeconomic backdrop. Policymakers assess that the current stance is appropriately calibrated to balance competing forces within the economy, including a weaker growth environment evidenced by a modest contraction in GDP in the first quarter of 2026 and persistent excess supply, alongside inflation dynamics in which headline inflation has been temporarily elevated by energy prices while underlying core measures remain contained in their trend.As illustrated in Figure 1, Canadian bond markets continue…

TD Securities strategists note that the US Dollar (USD) weakened after the disappointing July Payrolls report, but see limited downside against G10 currencies unless softer US inflation further reduces Fed hike expectations. They say EUR/USD may struggle to break above 1.16 without a benign CPI print, while USD losses could extend further against select EM currencies. They continue to expect the Fed to keep rates unchanged through 2026 and 2027.Dollar softer but still supported”Markets bull steepened on the negative headline print despite a drop in the UE rate to 4.1%. The print eased concerns over a reaccelerating labor market, leading…

Following a quiet opening to the week, Gold (XAU/USD) gathered bullish momentum and climbed to its highest level since mid-June above $4,300, supported by cooling geopolitical tensions and investors scaling back bets for a Federal Reserve (Fed) interest rate hike in September. As the near-term technical outlook highlights a buildup in bullish momentum, July inflation data from the United States (US) will test investors’ commitment to an extended rally. Gold rallies as markets reassess Fed policy outlookUS President Donald Trump announced over the weekend that he held off a planned “massive attack” and said that negotiations with Iran will resume on…

Higher oil prices no longer offer the Canadian Dollar reliable support, with housing stress, weak growth and rate differentials now driving CAD. Canada’s Dollar used to have a fairly simple story. Oil went up, and the currency usually followed. That relationship has weakened considerably. MRB Partners says the Canadian Dollar’s historical sensitivity to crude oil has “diminished materially over the past decade”, leaving domestic housing, credit and growth risks with far more influence over the currency. “Historically, the CAD would have been a go-to currency on the back of higher oil prices,” MRB said, “but its historical beta to crude…

The Canadian dollar made little movement on Thursday.      The loonie closed at US$0.7134 or US$1=C$1.4018 on Thursday, compared to US$0.7130 or US$1=US$1.4026 on Wednesday. The United States Dollar Index increased 0.27 of a point at 99.95.      Crude oil prices were higher as optimism over a potential new deal to reopen the Strait of Hormuz turned to caution. Iran-backed Houthi rebels attacked two Saudi oil tankers on the Red Sea and the Gulf of Aden on Wednesday.      West Texas Intermediate gained US$2.52 per barrel at US$77.74. Brent crude oil rose US$3.45/barrel at US$82.90.      The TSX/S&P Composite Index…

Now, their approach appears to have shifted from education toward enforcement. The CRA may send a proposed RC243 Tax-Free Savings Account (TFSA) Return or assess tax based on information from financial institutions by issuing TFSA Notices of Assessment. What is a TFSA Return? The RC243 TFSA Return is a 2-page form to calculate the tax on excess TFSA contributions. You must generally file it and pay any tax owing by June 30 of the following calendar year. It is used to calculate tax on: Excess TFSA amounts Non-resident contributions Non-qualified investments Prohibited investments Other advantages We will focus on excess…

Why is Lasertec stock tumbling today?