Author: Robert Jessi

Fortunately, there are simple tools that can enhance the security around credit card use. Known as virtual or digital credit cards, they help shield your actual card number and reduce the risk of fraud if your payment information is compromised. What are digital or virtual credit cards? Virtual and digital credit cards are unique 16-digit payment numbers tied to your primary credit account, but they exist solely in electronic format. They allow you to shop online or over the phone without exposing the number and other details attached to your physical card. Virtual credit cards Virtual credit cards are essentially…

Which Retailer Can Deliver My Order the Fastest?

The upcoming week will bring a fresh test for major currency pairs as investors return from the US Independence Day holiday and continue to digest weaker US labor market data. The release of the last Federal Open Market Committee (FOMC) minutes and Initial Jobless Claims will test the US Dollar’s (USD) resilience.The US Dollar Index (DXY) trades lower near the 100.90 price zone and is set to finish the week with a 0.50% loss. The Greenback will now focus on a relatively light but important United States (US) calendar. Monday will bring the final S&P Global Services PMI and ISM…

has moved from a rate-differential trade into a policy-risk trade. The more important development is the timing. US markets are shut, liquidity is thin, and Tokyo now has the kind of market backdrop it usually prefers: a stretched USD/JPY and JPY-funded carry-trade positions, a softer-dollar catalyst, and fewer players willing to stand in front of official action. Takeaways Softer payrolls data dents the dollar narrative, but it does not yet force a full repricing of the Fed. The market can still hold onto at least one hike going into the July 14 CPI release. may soften at the edges but…

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded in a narrow range on Wednesday as uncertainty surrounding USMCA trade negotiations kept the Canadian Dollar subdued while Sterling awaited comments from Bank of England Governor Andrew Bailey. At the time of writing, GBP/CAD was trading at CA$1.8827, little changed on the day. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.88368 (+0.06%)Euro to Canadian Dollar (EUR/CAD): 1.61838 (-0.2%)Dollar to Canadian Dollar (USD/CAD): 1.42311 (+0.16%) DAILY RECAP: The Canadian Dollar (CAD) struggled to attract support on Wednesday amid renewed uncertainty surrounding the future of the US–Mexico–Canada Agreement (USMCA) on trade. Representatives…

Mark McCormick, chief FX strategist at BMO Capital Markets, joins BNN Bloomberg to discuss how a hawkish U.S. Fed affects the macro backdrop. TORONTO — Canada’s dollar will strengthen less than previously expected over the coming year as uncertain negotiations to revise the Canada-United States-Mexico Agreement (CUSMA) weigh on the domestic economy, reducing the prospects of interest rate hikes from the Bank of Canada, a Reuters poll showed.The median forecast of 39 foreign exchange analysts in a June 26 to July 1 poll expected the Canadian dollar to gain 1.3 per cent to 1.40 per U.S. dollar, or 71.43 U.S.…

A finfluencer is simply a financial influencer, a contraction similar to my own “findependence” for financial independence. And while I’m tooting my own horn here, let me disclose that I am myself considered to be a finfluencer, at least here in Canada. I say that following a Toronto gathering of many of Canada’s top finfluencers organized by BMO ETFs in early June at Cboe Canada. The Creator Insights Forum featured a scrolling highlight reel of leading content creators, including yours truly. The forum brought financial content creators together to acknowledge the growing influence of their voices and the role they play…

Summit Royalties completes acquisition of Star Royalties

Canada’s financial services sector continues to swim on the tide of technology. While banks have long embraced digital channels, 2026 marks a turning point where two technology-driven trends are moving from pilot projects and policy discussions into large-scale implementation: Artificial intelligence (AI) and consumer-driven banking, which is often referred to as open banking. For a few years, Canada lagged behind countries such as the U.K. and Australia in implementing open banking. That is now changing as the federal government’s consumer-driven banking framework rolls out during 2026, giving Canadians greater control over their financial data and allowing them to securely share…

USD Yesterday delivered the downside payroll surprise that topped the risks we had flagged for this week. June nonfarm payrolls rose just 57k against consensus estimates for a 113k increase, with May revised down from 172k to 129k. Unemployment slipped from 4.3% to 4.2%, but participation fell three tenths to 61.5%, flattering the headline, while average hourly earnings rose 0.3% MoM, as expected. As we wrote in yesterday’s reaction, this dented the building rate hike narrative: July tightening odds were cut to below 20%, with a full increase pushed back from October to December, albeit this remains too aggressive against…