Author: Robert Jessi

Birks Group director Emilio Imbriglio resigns from board

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…

The euro trades at 1.1536 against the dollar in Wednesday’s European session, marginally higher on the day and up roughly 0.18%, with prints ranging between 1.15304 and 1.1537 depending on the venue. The pair pushed toward 1.1550 in the early European hours before settling back into the zone it has occupied for a week. Resistance was tested directly at 1.1535 to 1.1516 and held — which is the entire problem with this rally. The immediate cap is stacked and specific. The Bollinger upper band sits near 1.1550. The 100-day simple moving average sits around 1.1570. Last week’s highs are at…

XAG/USD Current price: $62.00Tepid United States data weighed on an already weak US Dollar.Hopes for a quick solution to the Middle East conflict boosted the mood.XAG/USD trades at a fresh one-month high and aims to extend its recovery.Silver flirted with $63 on Wednesday, its highest in over a month amid renewed market optimism. Investors welcomed news hinting at a soon-to-come deal between the United States (US) and Iran.XAU/USD traded as high as $62.78 early in the American session, following headlines indicating that the US Treasury lifted counter-terrorism sanctions imposed on three airlines and two aircraft linked to the Islamic Revolutionary…

Analysts at Bank of America expect USD/CAD to rise towards 1.44 in September as further Fed rate hikes support the Dollar, before the pair retreats through 2027. The US Dollar to Canadian Dollar exchange rate slipped lower on Wednesday, but currency analysts at Bank of America still see room for USD/CAD to climb towards 1.44 over the next couple of months. The pair traded around 1.4018, down 0.34% on the day. USD/CAD also fell 1.36% in July, reversing part of June’s 2.97% rise, and has spent the past month moving between roughly 1.3990 and 1.4240. BofA’s forecast is built around…

Risk sentiment turns positive – Reports that US and Iran may agree to a 60-day ceasefire – USD opened close to flat ahead of ADP employment data today USDCAD open: 1.4065, overnight range …

Cash flow is the foundation of every financial decision you make. If you don’t have a clear understanding of where your money is going, it’s difficult to save consistently, invest confidently, or prepare for unexpected expenses. The good news? Improving your cash flow doesn’t have to mean cutting out everything you enjoy or sticking to a rigid budget. Instead, it starts with creating a simple system that makes managing your money easier. Traditional budgeting doesn’t work for everyone The term “budget” is often associated with restrictions and what you can’t have, like how many people view the term “diet”. That…

ICL Q2 2026 slides: strong results mask rising cost pressures

 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…

BNY’s Geoff Yu notes Brazilian portfolio inflows are near post-COVID highs ahead of the Selic decision, with strong demand for equities and government bonds. He highlights that FX conviction is limited as volumes are low and currency positioning neutral, while iFlow data suggest the broader inflow cycle peaked in April and the financial account is likely to stabilize rather than re-accelerate.Flows strong but FX conviction cautious”BRL flows are recovering ahead of today’s Selic rate decision, supported by renewed terms of trade interest, strong equity demand and continued purchases of Brazilian government bonds. Conviction remains limited, however, because FX volumes are…