Author: Robert Jessi

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Cheif finance content and platform manager.

Image © Adobe StockThe Canadian dollar no longer trades as a bet on oil prices, which leaves it exposed to the US yield gap in the near term, although it should strengthen if Canada’s investment and trade reforms deliver a more competitive economy.The Canadian dollar has shed its old status as a proxy for oil prices and global risk appetite, says Corpay, the payments and currency risk firm.”After years of being derided as the “petroloonie”, it doesn’t respond to changes in the price of oil in the way it once did, and shifts in interest rate differentials move it only…

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An OTB notice is sent to taxpayers by Canada Revenue Agency (CRA) and explains your benefit amount and any changes to your eligibility. When you receive a notice, it does not mean that something is wrong, but your benefit does change from year to year, and sometimes, benefits are repayable if they were overpaid due to a change in your situation.  Entitlement is generally based on information on your tax return. Benefits are payable for the July to June period based on your tax filing for the previous year.  In particular: Your income, and if applicable, your spouse or common-law…

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USD For most of Tuesday, the dollar did what we expected, holding its ground as traders weighed mixed Middle East signals against the midterms. A strong JOLTS report, with September job openings rising to 7.52m against a 7.16m consensus, and a 1.8% jump in factory orders helped the close marginally higher at 101.8, with December Fed hike odds holding above 70%. Meanwhile, oil was volatile after the White House confirmed limited strikes on Iran’s Qeshm Island, though still settled near $104 as Qatar-mediated talks continued. Those modest dollar gains have reversed overnight as mid-term results filter through. The Democrats are…

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AUD/USD edges higher on Wednesday as the US midterm election outcome weighs on the US Dollar (USD), helping the Australian Dollar (AUD) recover from the two-week lows reached following the Reserve Bank of Australia’s (RBA) dovish interest rate hike on Tuesday. At the time of writing, the pair trades around 0.7008, up 0.63% on the day, after touching an intraday low of 0.6954.Democrats secured majorities in both chambers of Congress, setting up a divided government in Washington and raising political and fiscal uncertainty. The US Dollar Index (DXY), which measures the currency against six major peers, trades near 101.50, down…

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USD/CAD Price Forecast: Weak GDP Challenges Further BoC Hike Bets The Canadian Dollar is holding up despite disappointing growth, leaving JP Morgan cautious about further gains supported by Bank of Canada rate rises. The Canadian Dollar edged higher on Monday, with the US Dollar to Canadian-Dollar exchange rate trading at 1.3955, down 0.12% on the day. Latest — Exchange Rates: Dollar to Canadian Dollar (USD/CAD): 1.39619 (-0.16%) Pound to Canadian Dollar (GBP/CAD): 1.873572 (-0.09%) Euro to Canadian Dollar (EUR/CAD): 1.562563 (-0.16%) Its resilience has become a complication for JPMorgan’s currency desk, which sees weaker growth as a reason to question…

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USD/CAD Price Forecast: Weak GDP Challenges Further BoC Hike Bets The Canadian Dollar is holding up despite disappointing growth, leaving JP Morgan cautious about further gains supported by Bank of Canada rate rises. The Canadian Dollar edged higher on Monday, with the US Dollar to Canadian-Dollar exchange rate trading at 1.3955, down 0.12% on the day. Latest — Exchange Rates: Dollar to Canadian Dollar (USD/CAD): 1.39619 (-0.16%) Pound to Canadian Dollar (GBP/CAD): 1.873572 (-0.09%) Euro to Canadian Dollar (EUR/CAD): 1.562563 (-0.16%) Its resilience has become a complication for JPMorgan’s currency desk, which sees weaker growth as a reason to question…

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The reality can include those things, but there is an entirely separate skill set and workload to consider. Sales, administration, finance, HR — you can outsource some of these functions, but the ultimate responsibility falls to you.  It can also turn into a grind, said electrician Carly Steiman, between the trade labour and hustling for new work. “You’re constantly networking,” she said. “You’re constantly selling yourself, tastefully. You are constantly learning.” The benefits of incorporating your business Steiman has been an electrician for 18 years. She incorporated herself after working in film production as a contractor and joining a film…

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USD/CAD depreciates after two days of gains, trading around 1.3970 during Asian hours on Wednesday. The USD/CAD pair is losing ground as the US Dollar (USD) weakens and Treasury yields fall across the curve. US 2-year Treasury yields dropped five basis points to 4.566%, while benchmark 10-year yields fell six basis points to 4.90%.US citizens vote in midterm elections, serving as a key verdict on President Donald Trump’s second term. As polls close in early states, live data from Decision Desk HQ shows results called in 201 of the 435 U.S. House seats, with Democrats securing 124 seats and Republicans…

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