Author: Robert Jessi

US Dollar-Canadian Dollar risks remain tilted lower as Scotiabank sees fair value just below 1.40 and says a break of 1.3970/80 could extend CAD gains. The Canadian Dollar strengthened into the weekend, pulling the USD/CAD exchange rate down to around 1.3940 after another soft session for the US Dollar. The pair is now almost 1.9% below its late-July high and has fallen for four of the past five sessions. Scotiabank thinks the underlying picture has improved enough to justify a mildly stronger CAD bias. “Factors driving the CAD are leaning a little more positive, nudging our fair value estimate for…

A 2020 data breach affecting CRA and Service Canada online accounts had resulted in a major class action, and a settlement of $8.76 million was reached, with payments of up to $5,000 available to some claimants. Most Canadians will likely be looking at compensation of up to $80 or $200, with the larger payouts reserved for those who can document out-of-pocket losses related to fraud or identity theft. The hack was the result of a credential-stuffing attack. This type of breach occurs when cybercriminals use usernames and passwords from other data breaches. It is a good reason to beware the…

GM to sell Indiana battery venture stake to Samsung SDI, Bloomberg reports

The dollar is not falling through the floor. But the floorboards are beginning to creak. Takeaways Friday’s payroll miss put the first real crack in the dollar’s rate-support story. CPI is the next hinge. A soft print does not need to scream Fed easing; it just needs to make another hike look increasingly unnecessary. There is still hawkish premium embedded in the US curve, which leaves room for further dollar downside if the data keep cooling. remains the messy expression: softer US yields help the yen, but carry demand and rebuilt shorts keep pulling traders back toward the 160 danger…

Low US Dollar Hedge Ratios: Could Lightning Strike Twice?

Weak US NFP number gives Loonie a lift. – Quiet data day to start the week – USD nursing Friday’s losses after quiet overnight session. USDCAD open: 1.3942, overnight range 1.3933-1.3964. close 1.3942 …

USD/CAD opens the new week trading at its lowest level since early June, breaking lower on Friday following the release of a vastly divergent set of labour market data for July, continuing a trend …

After signing up, you’ll earn 1 Aeroplan point for every $1 you spend on your mortgage. Since renewing mortgage payments have grown by an average of $375 a month this year alone, the reward points can pile up fast.  All about the Chexy-Aeroplan rewards partnership Let’s say you pay $3,000 every month toward your mortgage. If you’ve joined Chexy and added your mortgage to the account, your $3,000 mortgage payment will earn you 3,000 Aeroplan points every month that you continue to make payments. That’s 36,000 Aeroplan points a year, assuming your mortgage doesn’t change. If your mortgage goes up…

Airbus sends experts to India after flight altitude loss

The Canadian Dollar trades at its strongest against the US Dollar since the second week of June, with the rate holding just above 1.3900 into the afternoon. This is a fourth consecutive lower session and the seventh in ten, and Monday’s entire 35-pip range sits inside Friday’s, pinned to its floor. Two months of Dollar gains have gone in ten trading days.Two months, and the war took them backThe last time this rate traded here was 43 sessions ago, in the week the Strait of Hormuz shut. The whole advance the US Dollar built against the Loonie across the war…