Author: Robert Jessi

Still, 89% said they feel confident in their ability to spot fraud. Why scams are harder to spot Jane Arnett, cybersecurity evangelist for Check Point, said Canadians have been bombarded with similar messages for decades on how to spot scams, such as looking for spelling and grammar errors or bad graphics, website URLs and copy-and-paste jobs. Now, many Canadians are familiar with those signs and feel confident in their detection abilities, she said. “But it’s just simply no longer the case,”  Arnett said. “Those spelling errors and grammar errors aren’t there. The bad graphics don’t exist.”  Kevin Wicks, group manager of fraud education at TD agrees. Fraudsters are using…

Cathie Wood’s ARK sells Shopify stock, buys CoreWeave shares

traded 1.1501 on Friday, down 0.23% from the previous session but holding above the 1.15 handle and hovering near its highest level since June 16. The pair is on track for a monthly gain of roughly 0.8% to 1.09%, its best month since the euro broke down through the spring, and it remains 0.77% lower over twelve months. The week’s path explains everything about where the pair sits. Going into Wednesday’s Fed decision, EUR/USD was pinned near 1.1386 with the dollar sitting at a one-month high on safe-haven flows out of the Middle East conflict. Markets had assigned roughly a…

CBS News reported that the United States and Israel may engage in a large campaign against Iran, targeting Iran’s energy infrastructure, said multiple sources.The duration would be over the weekend ahead of next week’s Asian open in the financial markets. The article mentions that US sources revealed that Israel has been notified and “are coordinating with the United States.” The US “president has yet to give the final go orders for the strikes, the sources said.”Meanwhile, an Israeli official told CBS News, “Israel is unaware of a decision to restart full military operations, nor has been requested of Israel to…

Summary:USD/CAD traded near 1.4100 on Tuesday as traders awaited the Federal Reserve’s policy decision. Falling crude oil prices continued to limit gains for the Canadian dollar despite a softer US dollar. Markets are also monitoring US-Iran negotiations, which have weighed on oil prices and the loonie’s outlook. The USD/CAD pair edged lower on Tuesday, trading around 1.4100, as investors avoided taking aggressive positions ahead of the Federal Reserve’s interest rate decision. While the US dollar softened slightly after recent gains, the Canadian dollar’s upside remained constrained by weaker crude oil prices, leaving the currency pair close to its highest levels of the…

The G7 Cyber Expert Group (CEG) successfully concluded its 2026 Cross-border coordination exercise (CBCE) on May 18, 2026. This exercise demonstrates the Group’s ongoing commitment to strengthening cyber resilience across the G7 financial sector. A long-term exercise strategy has now been adopted to increase the frequency and consistency of these simulations, thereby enhancing preparedness across all jurisdictions. Building on the success of the 2024 CBCE exercise, which aimed to strengthen the G7 financial authorities’ capacity to coordinate and communicate effectively in response to a major cross-border cyber incident affecting the financial sector, this year’s sessions tested key improvements identified through…

The Bank of Canada (BOC) held interest rates steady for a sixth consecutive meeting as policymakers see the economy rebounding and oil price-driven inflation fading. (July 15): The Bank of Canada (BOC) held interest rates steady for a sixth consecutive meeting as policymakers see the economy rebounding and oil price-driven inflation fading. Officials led by governor Tiff Macklem kept the policy rate at 2.25% on Wednesday, matching expectations of economists in a Bloomberg survey and traders in overnight swap markets. “After a year of weakness, Canada’s economy is showing signs of improvement,” the bank said in its monetary policy report.…

The Toronto-based firm says its insurance revenue reached $6.75 billion during the quarter ended June 30, up year-over-year from $6.62 billion.        Earlier this month, Intact Financial updated its guidance for the second quarter, announcing it had higher catastrophe losses and large losses than it initially predicted.    It said its combined catastrophe and large losses were $247 million above its expectations for the second quarter on a pre-tax and net of reinsurance basis. Intact Financial CEO Charles Brindamour says the company’s resilient performance and balance sheet strength position it to continue to pursue growth initiatives in a constructive mergers and acquisitions…

Dubai crude premium rises as trading picks up on Friday

Silver price (XAG/USD) is down 1.7% to near $58.00 during the European trading session on Friday. The white metal continues to decline throughout the day as United States (US) Treasury Yields have bounced back amid fears that inflationary pressures will remain elevated.As of writing, 10-year US Treasury Yields are up 0.45% to near 4.68% after a weak performance in the opening trade.Higher US Treasury Yields bode poorly for non-yielding assets, such as Silver.In the monetary policy announcement on Wednesday, the Federal Reserve (Fed) left interest rates unchanged in the range of 3.50%-3.75%, and policymakers expressed mounting concerns regarding inflation remaining…