Author: Robert Jessi

US and Iran renew attacks. Oil prices spike – US inflation data on tap. – US is clawing back some overnight losses. USDCAD open: 1.4086, overnight range 1.4084-1.4158, close 1.4159, WTI 80.59, Gold 4, …

The Canadian Dollar (CAD) trades firmly against its major currency peers, but is flat at around 1.4160 against the US Dollar (USD) during the European trading session on Monday.The Loonie outperforms as Oil prices have increased significantly, following the announcement that Iran has closed the Strait of Hormuz, a vital passage to almost one-fifth of the global energy supply, again. As of writing, the WTI Oil price is up 3.75%, above $74.00. Given that Canada is a net energy exporter, higher oil prices bode well for the Canadian Dollar. Canadian Dollar Price Today The table below shows the percentage change…

US consumer inflation likely increased at a slow pace in June as gasoline prices retreated

Canada’s financial services sector continues to swim on the tide of technology. While banks have long embraced digital channels, 2026 marks a turning point where two technology-driven trends are moving from pilot projects and policy discussions into large-scale implementation: Artificial intelligence (AI) and consumer-driven banking, which is often referred to as open banking. For a few years, Canada lagged behind countries such as the U.K. and Australia in implementing open banking. That is now changing as the federal government’s consumer-driven banking framework rolls out during 2026, giving Canadians greater control over their financial data and allowing them to securely share…

Gold (XAU/USD) recovers slightly from a nearly two-week low, touched during the Asian session on Tuesday, and climbs back above the $4,000 psychological mark, though the upside potential seems limited. The US Dollar (USD) pauses following a strong two-day rally as bulls turn cautious ahead of the latest US consumer inflation figures and Federal Reserve (Fed) Chair Kevin Warsh’s testimony. This, in turn, is seen as a key factor offering some support to the bullion. However, escalating US-Iran tensions, along with firming Fed rate-hike expectations, back the case for a further near-term USD appreciation and should cap the yellow metal.The…

Gold is recovering a part of the previous 3% slide to two-week lows near $3,985, back above the $4,000 level in Asia on Tuesday. Gold traders brace for intense volatility on the US Consumer Price Index (CPI) data release, followed by Federal Reserve (Fed) Chair Kevin Warsh’s testimony.  Gold is primed for two-way risksFollowing a sharp sell-off on Monday, courtesy of renewed military attacks between the United States (US) and Iran over controlling the Strait of Hormuz, Gold sellers seem to take a breather, allowing buyers to try their luck in the lead-up to the upcoming big event risks.A brief retracement…

The Canadian Dollar (CAD) trades firmly against its major currency peers, but is flat at around 1.4160 against the US Dollar (USD) during the European trading session on Monday.The Loonie outperforms as Oil prices have increased significantly, following the announcement that Iran has closed the Strait of Hormuz, a vital passage to almost one-fifth of the global energy supply, again. As of writing, the WTI Oil price is up 3.75%, above $74.00. Given that Canada is a net energy exporter, higher oil prices bode well for the Canadian Dollar. Canadian Dollar Price Today The table below shows the percentage change…

From vtmarkets.com | Jul 9, 2026 USD/JPY edged lower on Thursday, with a softer US Dollar supporting the Japanese Yen. The pair traded around 162.45, staying close to 40-year highs, as the market remained sensitive to the risk of Tokyo acting in the foreign exchange market. Prior episodes of suspected support were short-lived, with the currency still weighed down by structural pressures …

Shein targets up to $3 billion Hong Kong IPO by August – Bloomberg

A pedestrian walks past the Bank of Canada in Ottawa, Wednesday, June 10, 2026. THE CANADIAN PRESS/Adrian Wyld – The Canadian Press OTTAWA — The Bank of Canada is set to make its fifth interest rate announcement of the year on Wednesday following a turbulent few weeks on the global stage and in Canadian economic data. Despite the flurry of developments since the central bank’s last rate decision in June, most economists are expecting monetary policymakers to leave the key borrowing rate unchanged at 2.25 per cent. The Bank of Canada has been walking a tightrope lately as forces like…