Author: Robert Jessi

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)…

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, …

“It could be a beneficial tool for certain people, but not for others,” says Barbara Knoblach, an Edmonton-based financial planner at Money Coaches Canada. How reverse mortgages work Reverse mortgages are available to Canadian homeowners who are 55 and older. Up to 55% of the equity built up in the home can be unlocked tax-free in a lump sum or incremental payments, usually at interest rates 2% to 3% higher than what a conventional mortgage would carry. Unlike a traditional mortgage, the loan and interest is not paid back in regular intervals. Instead, that happens when the homeowner moves, sells, or…

Why is Tasly Pharmaceutical stock rallying today?

The US Dollar (USD) underperforms its major currency peers as traders have trimmed Federal Reserve (Fed) interest rate hike expectations for the current year, following the release of the softer-than-expected United States (US) Consumer Price Index (CPI) data for June. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Australian Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.13%-0.03%-0.05%-0.08%-0.14%0.06%0.00%EUR0.13%0.04%0.07%0.06%-0.06%0.13%0.13%GBP0.03%-0.04%0.02%-0.01%-0.11%0.09%0.08%JPY0.05%-0.07%-0.02%-0.02%-0.10%0.10%0.06%CAD0.08%-0.06%0.01%0.02%-0.07%0.08%0.09%AUD0.14%0.06%0.11%0.10%0.07%0.17%0.14%NZD-0.06%-0.13%-0.09%-0.10%-0.08%-0.17%-0.01%CHF-0.01%-0.13%-0.08%-0.06%-0.09%-0.14%0.00% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top…

Gold (XAU/USD) attracts some sellers after failing to find acceptance above the $4,100 mark the previous day, though it holds above the $4,000 psychological mark during the Asian session on Wednesday. Despite soft US Consumer Price Index (CPI) data, investors remain worried about energy-driven inflation as escalating US-Iran tensions and the closure of the Strait of Hormuz remain supportive of elevated crude oil prices. Furthermore, US Federal Reserve (Fed) Chair Kevin Warsh reiterated the price stability commitment in his first congressional testimony, leaving the door open for at least one rate hike by year’s end. This, to a large extent,…

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, …

Open this photo in gallery:The Bank of Canada building is on track to keep the policy rate at 2.25 per cent for the sixth consecutive time.Sean Kilpatrick/The Canadian PressThe Bank of Canada is expected to remain in cruise control this week with lower oil prices and a string of positive economic data providing an easier backdrop for a stand-pat interest rate decision. Since the start of the U.S.-Iran war in February, the central bank has been pulled in two directions, creating what Governor Tiff Macklem has called a “dilemma” for monetary policy. The surge in global oil prices drove up…

Form 4 Lattice Semiconductor Corporation For: 14 July

Canada’s need for a national office for climate adaptation is clear. Despite notable adaptation initiatives by various financial institutions and forward-looking municipalities, major gaps in adaptation funding, policy and implementation continue to hamper federal and provincial governments. The lack of a national office to help address these public-sector weaknesses is remarkable given the escalating costs and rising risks of extreme weather from climate change. Since 1983, Canada has experienced more than 300 catastrophic weather events (extreme weather occurrences causing more than $30 million in insured losses; $25 million prior to 2022). Four decades ago, Canada averaged about two catastrophic events annually;…