Author: Robert Jessi

Sterling spent Tuesday confirming what the macro backdrop already implied, that the United Kingdom has no growth story to sell right now. June flash Purchasing Managers Index (PMI) readings undershot across the board, the Services gauge sliding to 48.7 against a 50.0 consensus and deeper into contraction. Cable sold into the data, dipping just under 1.3200 before a late bid dragged it back near the handle. The recovery looks hollow; the Pound still closed lower, well inside the month’s slide.A rebound without a reasonThe genuinely odd part is that Cable bounced at all on a day when every domestic input…

Here is what you need to know for Wednesday, June 24:The US Dollar Index (DXY) surged to a one-year high near 101.40 on Tuesday as investors digested the latest S&P Global US Purchasing Managers Index (PMI), which showed business activity remained resilient. The Manufacturing PMI rose to 55.7 in June, its highest level since May 2022. The ADP Employment Change 4-Week Average improved to 30.75K, supporting the view that the US labor market remains firm enough to keep the Federal Reserve (Fed) cautious. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed…

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 …

Ethan McDonagh and Andrew Leong have won the Bank of Canada Museum’s 2026 Award for Excellence in Teaching Economics. McDonagh is a Wilfrid Laurier University student completing a practicum at Northbrae Public School in London, Ontario. Leong teaches at Prince of Wales Secondary School in Vancouver, British Columbia. They were chosen from nominations across Canada for lessons that helped students connect economics to contemporary issues. “What impressed the selection committee was how intentionally these lessons were designed for real-world understanding,” said Deputy Governor Sharon Kozicki. “Whether students were visualizing income distribution with beads or ‘travelling’ through global economies, the learning…

The Pound to Canadian Dollar (GBP/CAD) exchange rate drifted lower last week as investors pared back expectations for future Bank of England tightening following a cautious policy update and renewed political uncertainty in the UK. At the time of writing, GBP/CAD was trading around CA$1.8670, down roughly 0.4% on the week. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.87297Euro to Canadian Dollar (EUR/CAD): 1.62366Dollar to Canadian Dollar (USD/CAD): 1.41528 DAILY RECAP: The Pound (GBP) spent much of last week trading cautiously as investors awaited several key UK events. While economic releases continued to provide a mixed picture of the…

Qtrade Direct Investing once again earns the Silver award among non-bank online brokerages in 2026. The firm’s strengths continue to include strong research tools, reliable platform experiences, and a straightforward approach to self-directed investing that resonates with a wide range of investors.The addition of commission-free stock and ETF trading further strengthens Qtrade’s value proposition, helping it maintain its position as one of Canada’s leading independent brokerage providers.To view all the data in the table, slide the columns right/left/up/down using your fingers or mouse.   150 trades per quarter)”,”possibleValuesAddEmpty”:false,”possibleValuesAjax”:10,”column_align_fields”:””,”defaultValue”:””,”column_align_header”:””,”column_rotate_header_name”:””,”exactFiltering”:false,”filterLabel”:””,”searchInSelectBox”:1,”searchInSelectBoxEditing”:1,”checkboxesInModal”:0,”andLogic”:0,”linkButtonLabel”:””,”rangeSlider”:false,”rangeMaxValueDisplay”:”default”,”customMaxRangeValue”:”0″},{“type”:”text”,”columnType”:”string”,”numberOfDecimalPlaces”:”2″,”possibleValuesType”:”read”,”globalSearchColumn”:1,”values”:null,”origHeader”:”differentcommissionfeesforstudentsyoungadults”,”displayHeader”:”Different commission fees for students\/young adults”,”possibleValuesAddEmpty”:false,”possibleValuesAjax”:10,”column_align_fields”:””,”defaultValue”:””,”column_align_header”:””,”column_rotate_header_name”:””,”exactFiltering”:false,”filterLabel”:””,”searchInSelectBox”:1,”searchInSelectBoxEditing”:1,”checkboxesInModal”:0,”andLogic”:0,”linkButtonLabel”:””,”rangeSlider”:false,”rangeMaxValueDisplay”:”default”,”customMaxRangeValue”:”0″},{“type”:”text”,”columnType”:”string”,”numberOfDecimalPlaces”:”2″,”possibleValuesType”:”read”,”globalSearchColumn”:1,”values”:null,”origHeader”:”0commissionetfsandmaxnoofetfs”,”displayHeader”:”$0 commission ETFs and max no. of ETFs”,”possibleValuesAddEmpty”:false,”possibleValuesAjax”:10,”column_align_fields”:””,”defaultValue”:””,”column_align_header”:””,”column_rotate_header_name”:””,”exactFiltering”:false,”filterLabel”:””,”searchInSelectBox”:1,”searchInSelectBoxEditing”:1,”checkboxesInModal”:0,”andLogic”:0,”linkButtonLabel”:””,”rangeSlider”:false,”rangeMaxValueDisplay”:”default”,”customMaxRangeValue”:”0″},{“type”:”text”,”columnType”:”string”,”numberOfDecimalPlaces”:”2″,”possibleValuesType”:”read”,”globalSearchColumn”:1,”values”:null,”origHeader”:”fractionalsharetrading”,”displayHeader”:”Fractional…

Clean Energy Fuels names Bart Frabotta as chief operating officer

Iran reaffirmed its red line on military issues on Tuesday, as markets continue to monitor geopolitical developments in the Middle East. According to Reuters, Iranian Foreign Ministry Spokesperson Esmaeil Baghaei said that Tehran’s missile and defensive capabilities would “not be subject to negotiations with any party.”Baghaei also stated that the parties involved in the current memorandum of understanding are seeking to implement all of its clauses before opening new discussions on the nuclear issue.The remarks suggest that Iran does not view an immediate resumption of nuclear negotiations as a priority until existing commitments are fully met.Key takeawaysIran’s Baghaei says Tehran’s…

The options market appears to be pricing in a greater chance of imminent JPY FX intervention ahead of the US-Japan finance ministers’ meeting. In the UK, sterling rallied on hopes that market-friendly Wes Streeting will become the Chancellor in a new government led by Andy Burnham. The dollar remains firm on the US-EU divergence narrative USD: Some Upside Risks Persist The dollar has firmed up in a risk-off-leaning start to the week for markets. US bond yields have continued to move higher, in dissonance with European rates. It’s a dynamic affecting the whole curve, which clearly underscores expectations of US…

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 …