Author: Robert Jessi

The Canadian dollar gained ground against the U.S. dollar Thursday. Crude oil, Canada’s most important export, surged more than 2% to $78.46 a barrel, and the loonie moved right along with it. Canada sits among the world’s biggest oil producers, so the link between crude prices and the currency isn’t subtle — it’s pretty much baked into how traders think about the Canadian dollar every single day. When oil rallies, money tends to flow toward the loonie. When oil drops, the currency usually feels it fast. Thursday’s session was a clean example of that relationship playing out in real time.…

Most new employees can benefit from an onboarding process that includes information about claiming reimbursements for out-of-pocket expenses, pension contributions, or how to deduct unreimbursed costs. Here’s a primer to share. A tax credit for every employee A non-refundable tax credit is available for all people who report employment income. It’s called the Canada Employment Amount and it’s claimable without receipts to reduce taxes payable. It covers the costs of travelling to and from work, or other personal costs of working, like buying lunches, new shoes, dry cleaning and so on. For 2026 the maximum claim is $1,501 on the…

Why is Volkswagen stock sliding today?

Open this photo in gallery:Illustration by Sam IslandGood morning. Inflation can be one of the biggest worries when you’re planning for retirement. Watching prices rise while you’re living on a fixed income sounds like a recipe for stress. But what if it actually isn’t quite as scary as it seems? Let’s get into it.What’s your personal inflation rate? Canada’s latest inflation numbers may have made your heart rate tick up a little.Inflation accelerated to its highest level in more than two years in May as price pressures linked to the conflict in Iran began showing up beyond the gas pump.…

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, drifts lower during the early European session on Friday and erodes a part of the previous day’s strong gains back closer to the monthly high. The index currently trades around the 101.30-101.25 region, down over 0.15% for the day, though the downside seems limited amid a constructive setup.The intraday uptick could be attributed to some profit-taking heading into the weekend and some repositioning trade ahead of the crucial FOMC policy meeting next week. Any meaningful depreciation, however, still seems elusive as elevated crude oil prices continue…

Silver (XAG/USD) edges up on Friday’s early European trading session, returning to levels above $58.00 as the US Dollar trims some gains. The precious metal is set to a moderate recovery this week, but the risk-averse scenario triggered by the escalating conflict in the Middle East and the higher US Treasury yields triggered a 4.3% reversal on Thursday that leaves Silver vulnerable to further depreciation. Market sentiment remains unfavourable, with Oil prices rallying and Brent crude drawing closer to the key $100 level, as reports of attacks on vessels in the Red Sea increased concerns about the blockade of another…

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded lower on Wednesday after softer-than-expected UK inflation weighed on Sterling, while rising oil prices provided support for the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading around CA$1.8845, down roughly 0.2% on the day. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.883667 (-0.19%)Euro to Canadian Dollar (EUR/CAD): 1.607415 (-0.06%)Dollar to Canadian Dollar (USD/CAD): 1.40875 (-0.13%) DAILY RECAP: The Pound (GBP) came under pressure on Wednesday after the UK’s latest consumer price index showed inflation cooled more rapidly than expected in June. According to the Office for National…

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) for the 204th consecutive day on Thursday. The PKR closed at 277.90 after gaining one paisa against the US Dollar today. The rupee has consistently reported gains against the dollar since December 25, 2025. Other Currencies PKR was stable against the UAE Dirham (AED) and gained one paisa against the Saudi Riyal (SAR). Meanwhile, it gained 24 paisas against the British Pound (GBP) but lost 30 paisas against the Euro (EUR). Currency 20-July 2026 21-July 2026 22-July 2026 23-July 2026 Change +/– USD 277.9530 277.9210 277.9139 277.9021 0.0118…

But what if there was a way to make your mortgage work harder for you while you’re paying it down? That’s the idea behind the Smith Manoeuvre, a strategy that helps homeowners use their home equity to potentially build investments and improve tax efficiency at the same time. Looking at debt differently For many people, debt is something to avoid at all costs. And when it comes to high-interest consumer debt, that’s generally good advice. But not all debt is created equal. Some debt is used to buy things that lose value over time, like vehicles, vacations, or consumer purchases.…

Travelers EVP Lefebvre sells $6.01m in company stock