Author: Robert Jessi

traded at 157.85 on Monday, November 2, up 0.18% from the previous session’s close near 157.56. The pair spent the European and early U.S. sessions inside a narrow band between 157.64 and 157.91, holding most of the ground it regained after Friday’s Bank of Japan decision. The move came on a day when the dollar fell broadly: the dropped 0.34% to 101.53, EUR/USD rose 62 pips and GBP/USD climbed to its highest level since mid-September. The yen was the one major currency that failed to gain against a weaker dollar. That divergence tells the story of the pair. The yen…

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…

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monetary Policy Report. Last week, we raised the policy interest rate by 25 basis points, bringing it to 2.5%. This was the first interest rate increase since July 2023. We also published our outlook for the Canadian economy. In raising our policy rate, we outlined two important economic developments since our July Report. First, the outlook for inflation has deteriorated. With the war in the Middle East persisting, global oil prices have increased and are expected to remain…

We have a busy 24 hours ahead for commodity currencies, with Australian Q3 CPI and an RBNZ interest rate decision arriving just 30 minutes apart, at 11:30am and midday Sydney time. The Bank of Canada …

The good news is that credit cards often evolve, too. A great example is the BMO eclipse Visa Infinite Privilege Card. While some features remain the same, the card has introduced new benefits that make it a premium travel credit card. We’ll explore what changed with this popular BMO credit card and point out potential drawbacks so you can decide if this is the right card for your wallet. What’s new Whether you’re a new cardholder or shopping around for your next rewards card, here’s what’s changing with the BMO eclipse Visa Infinite Privilege Card. No foreign transaction fees Previously,…

Brookfield Renewable earnings on deck as revenue pressures mount

This week’s Canadian federal budget deficit is expected at about CA$65 billion in fiscal year 2026-2 Keep reading this article with Yahoo Finance Plus Silver Premium news Full access to Financial Times and MT Newswires articles Stock picks Expert picks from Motley Fool, Zacks, and Moby Research reports Expert analysis from Morningstar and Argus Already a subscriber? Sign in

USD Hopes of a diplomatic breakthrough in the Middle East set the tone on Monday. Iranian negotiators left Doha without a deal, but with a draft proposal to reopen the Strait of Hormuz circulating and Tehran confirming that exchanges with Washington continue, slumped close to 8% to settle just below $105, pulling the dollar lower. Overnight, however, reports of a US strike on Iran’s Qeshm Island have put some risk premium back into oil, partially reversing yesterday’s losses. Meanwhile, the RBA hiked 25bp to 4.85% but dropped its tightening bias, leaving fractionally lower this morning. Today brings the US midterms,…

Gold’s (XAU/USD) rebound from over a one-year low near $3,870 is losing momentum, and the recovery may be running out of steam. The yellow metal trades lower on Tuesday, retreating after Monday’s rebound toward $3,970. The recovery initially offered some relief following a sharp sell-off, but the precious metal is struggling to sustain its gains as the macroeconomic environment remains unfavorable.The rebound appears driven more by easing inflation fears and bargain hunting than by a meaningful shift in market fundamentals. With expectations of another Federal Reserve (Fed) interest rate hike in December still firmly in place, Gold’s recovery remains vulnerable…

The Canadian dollar rallied in October, with the exchange rate against the US dollar declining to CA Keep reading this article with Yahoo Finance Plus Silver Premium news Full access to Financial Times and MT Newswires articles Stock picks Expert picks from Motley Fool, Zacks, and Moby Research reports Expert analysis from Morningstar and Argus Already a subscriber? Sign in