Author: Robert Jessi

USD The dollar is on the back foot this morning, with the near 100.8 after falling nearly half a percent on Tuesday. The move lower came largely in response to June CPI, which showed headline prices easing -0.4% MoM, a much sharper decline than the -0.1% anticipated by economists. That leaves the annual inflation rate at 3.5% YoY, down from 4.2% in May, while core eased to 2.6% YoY with a flat monthly print. As we noted in our reaction piece, though, Chair Warsh’s concurrent testimony leaned hawkish, stressing that a single favourable reading would not change the outlook, helping…

 Big moves are becoming the norm in this market, and currency is no exception. Our Canadian dollar (CAD) has traded down to 70 cents on the dollar. This is only a penny or two away from the extreme lows of Covid (when everyone was hiding in USD/Treasuries) and Tariff Day (remember when tariffs were going to push Canada into a bone crushing recession?). Too extreme? Let’s bring it in.Our initial thoughts on this weakness was that is a Canada problem. Oil prices came down from $92/bbl to $70/bbl in June 2026, and we are still somewhat of a petro currency.…

The outlook for Canadian growth is broadly unchanged. After a weaker-than-expected start to 2026, GDP growth is projected to be slightly stronger in 2027 and 2028. Although near-term inflation has been a bit higher than anticipated, the outlook for inflation is little changed.

Construction pushes ahead at a housing development in Milton, Ont., but elsewhere across the country developers are hitting roadblocks in the form of out-date-and inadequate infrastructure. (Credit: Peter Power/Postmedia News files) It’s Tuesday, July 14. Here are the top stories we’re following today. Housing projects are piling up across Canada as the pipes underneath can’t keep up Construction executives, municipal engineers and developers say aging water and wastewater systems are emerging as one of the country’s biggest constraints on housing construction, leaving approved projects to possibly sit idle for years while improvements are made. Read the story Prime Minister Mark…

Fortunately, building credit in Canada can be relatively straightforward. Many banks, including RBC, offer credit cards specifically designed for students and newcomers, making it easier to get approved and start establishing a credit history early. How can international students build credit in Canada? International students can start building credit by opening a credit card, setting up a cell phone or internet plan in their name, and paying bills on time. These activities may be reported to Canada’s two main credit bureaus, Equifax and TransUnion. Using a credit card responsibly is one of the fastest ways to establish credit. Paying your…

Evercore ISI reiterates Dell stock rating on memory pricing concerns

Weaker US inflation briefly pressured US dollar, though higher oil prices may limit further declines. Rising energy costs could revive inflation concerns and strengthen expectations for tighter Fed policy. EUR/USD rebounded after CPI, but elevated oil prices continue to favor US dollar in the longer term. The US dollar fell sharply after a much weaker-than-expected US report caught markets by surprise. But despite the selling, I’m not convinced the US dollar’s weakness will last, with currencies of economies that are dependent on energy imports likely to remain under pressure amid the re-escalation of the US-Iran tensions and the resulting rally…

FXStreet’s co-CEO Pere Monguió interviews Vitaly Bulinin, CEO of Versus Trade, to unpack the transformative shifts sweeping the forex markets and the profound impact of AI on trading. This discussion offers critical insights for both seasoned and new traders navigating an era in which “everything has changed.” Bulinin, a market veteran since 2005, reflects on past Black Swan events such as the Swiss National Bank’s decision and Brexit, asserting that while information access has vastly improved, the challenge of distinguishing signal from noise remains paramount. He highlights the dramatic rise of retail traders, now accounting for approximately 20% of total…

 Big moves are becoming the norm in this market, and currency is no exception. Our Canadian dollar (CAD) has traded down to 70 cents on the dollar. This is only a penny or two away from the extreme lows of Covid (when everyone was hiding in USD/Treasuries) and Tariff Day (remember when tariffs were going to push Canada into a bone crushing recession?). Too extreme? Let’s bring it in.Our initial thoughts on this weakness was that is a Canada problem. Oil prices came down from $92/bbl to $70/bbl in June 2026, and we are still somewhat of a petro currency.…

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. Canada’s economy is showing signs of improvement. Growth is picking up and inflation is projected to ease gradually from its recent spike. There are still important risks and uncertainties related to the war in the Middle East and US trade policy. Since the April Monetary Policy Report (MPR), global economic prospects have been dented by higher oil prices stemming from the Middle East conflict. At the same time, the build-out of artificial intelligence (AI)…