Author: Robert Jessi

Brown Brothers Harriman’s (BBH) Elias Haddad notes the New Zealand Dollar and local yields slumped after strong Q2 employment and wage gains were offset by rising labor supply and higher unemployment. Despite evident slack, Haddad argues NZD can still edge higher, supported by above-target inflation, a relatively favorable growth outlook, and expectations for further Reserve Bank of New Zealand tightening.Strong jobs data fail to erase labor slack”NZD and NZ yields slump. New Zealand’s solid Q2 job and wage growth mask ongoing labor market slack. Employment surged 0.5% q/q vs. 0.1% in Q1, well above consensus and RBNZ projection of 0.1%,…

Summary:USD/CAD is rising again as oil price decline adds pressure on the loonie, but there’s much more that could define its trajectory. The USD/CAD has been going up for the last three days, getting close to the 1.4050–1.4065 range again. The main reason the Canadian dollar weakened recently was a big drop in global oil prices, but the connection between the US and Canadian economies is about more than just energy. What Is Driving USD/CAD Momentum? As a major net exporter of crude oil, Canada’s currency is heavily tied to global energy benchmarks. With West Texas Intermediate (WTI) and Brent…

Over the last few sessions, the USD/CAD has seen a slight appreciation of nearly 0.3% in favor of the US dollar. However, beyond this mild bias, the broader chart picture reflects a prolonged …

Being a parent, I was fascinated—so I did the polite thing and kept listening in as discreetly as possible. As they named different communities and speculated about who lived there, I noticed one defining factor doing all the work in their determinations: the homes. “Yeah, that area probably has younger families because there are mostly townhomes.” “Older kids, possibly in high school, in that area because the homes are mostly single-family detached homes.” I desperately wanted to interrupt them. Recognizing that inserting myself into two strangers’ conversation probably wasn’t the polite thing to do, I decided to write an article…

Japan’s services sector growth slows in July on weak demand, PMI shows

The euro traded 1.1505 through the European session on Tuesday and ticked to 1.1510, an 0.01% gain from the prior settlement that leaves effectively unchanged for a third consecutive session. Over the past month the single currency has strengthened 0.60% against the dollar. Over twelve months it is down 0.59%. Those two figures describe a pair that has gone precisely nowhere in a year while producing enormous intraday noise along the way. The 1.1510 handle has become the operative pivot. Above it the structure reads neutral rather than bullish; below it the tactical bias flips back toward the mid-1.14s. Monday’s…

fell to 1.3431 on August 3, down 0.38%, and has held beneath $1.35 through Tuesday. Over the past month the pound has strengthened just 0.29% against the dollar. Over twelve months the gain measures 1.00%. Those are the numbers of a currency that has gone nowhere while producing a great deal of intraday movement. The compression is the defining technical feature. As of August 4 the pair sits near its 8-day exponential average, near its 21-day, near its 50-day and near its 100-day — four separate trend measures converging on the same handful of pips. That configuration removes every directional…

Analysts at Scotiabank expect renewed pressure on USD/CAD after its July decline, with a break below 1.4000 opening the way towards 1.3981 and the upper 1.39s. The US Dollar to Canadian Dollar exchange rate ended July near 1.4015 after falling 1.36% over the month. USD/CAD opened July around 1.4208 and reached a monthly high close to 1.4239 before retreating to a low near 1.3992. The pair remains 2.1% higher for 2026, having traded between approximately 1.3482 and 1.4248 since the start of the year. Scotiabank says the Canadian Dollar has benefited from the broader deterioration in US Dollar sentiment following…

Analysts at Scotiabank expect renewed pressure on USD/CAD after its July decline, with a break below 1.4000 opening the way towards 1.3981 and the upper 1.39s. The US Dollar to Canadian Dollar exchange rate ended July near 1.4015 after falling 1.36% over the month. USD/CAD opened July around 1.4208 and reached a monthly high close to 1.4239 before retreating to a low near 1.3992. The pair remains 2.1% higher for 2026, having traded between approximately 1.3482 and 1.4248 since the start of the year. Scotiabank says the Canadian Dollar has benefited from the broader deterioration in US Dollar sentiment following…

The Canada Education Savings Grant (CESG) contributes a 20% match of a family’s annual savings contribution to their children’s RESP, and the Canada Learning Bond (CLB) provides up to $2,000 to assist eligible families beginning to save for their children’s post-secondary education. The government deposits both types of grants into a registered education savings plan (RESP), where the savings grow tax-free. We’ll explain how these grants work, how much the government contributes, and who qualifies for RESP grants in Canada. How do RESP grants work? An RESP grant is a government contribution to an eligible education savings plan to encourage…