Author: Robert Jessi

USD The dollar extended its post-FOMC ascent on Tuesday, the climbing around 0.4% to a fresh one-year high near 101.4. June flash S&P Global PMIs did little to dent the bid: the manufacturing gauge jumped to 55.7, its best since May 2022, though softer employment components capped the upside. As we have argued since Chair Warsh’s debut, the greenback’s strength owes more to the hawkish reading of his stripped-back communication than to the incoming data. Middle East headlines stayed two-sided: Washington’s 60-day oil sanctions waiver and recovering Strait of Hormuz traffic dragged to three-month lows, yet Iran’s parliament speaker insisted…

Since there isn’t a clear deadline, and it’s not exactly a fun topic to think about, many Canadians are still without a will. But if you’ve spent years building your life, your wealth, and your family’s future, a will is one of the simplest ways to protect it. What does a will actually do? A will is often misunderstood as a complicated legal document full of technical jargon, but at its core it’s surprisingly simple. It answers three key questions: Who handles everything when you’re gone? (Your executor) Who gets your assets? (Your beneficiaries) Who takes care of your children…

Absci prices $100 million stock offering to fund drug programs

Equity turmoil is adding to the dollar’s strong momentum, which is also benefiting from hawkish Fedspeak. The ECB’s Lane tried to readjust communication on the hawkish side after Lagarde’s comments on Monday, but poor German PMIs aren’t helping the euro’s case. In Australia, hot core inflation points to a hawkish RBA, even if we don’t expect any more hikes USD: Hard to Pick a Top The tech-led equity sell-off has started to significantly spill over into FX. Since the sentiment jitters originated in Asia and are centred on semiconductor stocks, the Aussie and Kiwi dollar have been hit hard, alongside…

Gold (XAU/USD) recovers slightly from a nearly two-week low, around the $4,050 region, touched earlier this Wednesday. The commodity, however, sticks to its bearish bias for the second straight day – also marking the fifth day of negative move in the previous six – and seems vulnerable to weaken further amid sustained US Dollar (USD) buying.In fact, the USD Index (DXY), which tracks the Greenback against a basket of currencies, shot to a fresh high since May 2025 on the back of Federal Reserve (Fed) rate-hike expectations and the global flight to safety. The US central bank struck a hawkish…

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 …

Introduction Good afternoon and thank you for the invitation. It’s a pleasure to be here with Paris Europlace and the Chambre de commerce France-Canada. Six weeks ago, I was here in Paris with G7 finance ministers and central bankers. Much of our meeting focused on the conflict in the Middle East and its implications for near-term growth and inflation. The US-Iran agreement signed last week is a very welcome development and global energy prices have begun to come down, though much remains to be worked out. We also discussed medium-term growth. We expressed concern that global imbalances are widening again, with some countries running large deficits…

Widening CAD/US interest rate spreads weighing on Loonie. – Tech stock weakness sparks safe-haven demand for US dollars – US dollar continues to grind higher. USDCAD open: 1.4181, overnight range …

The Montreal-based retailer says its net revenue reached $160.1 million during the period ended May 2, rising year-over-year from $158.9 million. The company says it has seven fewer stores at the end of the first quarter than compared with the previous year.     Reitmans says its selling, general, and administrative expenses came in at $96.9 million, down from $99.1 million during the same period last year.  Andrea Limbardi, Reitmans’ CEO, says consumers are facing tough economic conditions. “The difficult economic reality is impacting everyday Canadians,” she said. “We hear it from our customers every day,” she said. Source Google Gildan share…

Form 4 Centrus Energy For: 23 June