Author: Robert Jessi

Tiff Macklem, governor of the Bank of Canada, speaks during a news conference in Ottawa on Wednesday, June 10, 2026, following the latest interest rate announcement. (Credit: HYUNGCHEOL PARK) The Bank of Canada held interest rates at 2.25 per cent on Wednesday as it tries to balance the risks of a slowing economy against higher inflation, but one economist thinks the central bank might be closer to ending its five-decision-long pause, with September marking a possible turning point. “In our view, the bank is getting closer to ending its pause and is waiting for the data to tell it which…

OCBC’s Christopher Wong suggests Asian FX may find a breather if USD momentum fades, with much Fed hawkishness and US data resilience already priced in. Contained Oil prices should ease external balance and inflation concerns for net Oil importers. Against this backdrop, OCBC sees scope for some recovery in selected Asian FX, with IDR standing out on easing Oil drag and a still-supportive BI stance.Selective Asian FX recovery potential”Asian FX may find a breather if USD momentum fades.””A fair bit of Fed hawkishness and US data resilience are already in USD pricing, leaving the USD potentially vulnerable to any downside…

We expect communication by ECB speakers in Sintra to broadly endorse expectations for another hike this year after Lagarde’s measured opening remarks. The dollar has continued to hand back some gains, with focus on data today ahead of Warsh’s Sintra speech tomorrow, which is expected to be hawkish. remains in FX intervention territory USD: Momentum Keeps Fading Into Key Data and Warsh The dollar has continued to hand back recent gains against most G10 currencies, largely thanks to a recovery in equities. Added support for risk sentiment has come from news that the US and Iran will start a new…

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded in a narrow range last week as investors balanced UK political developments against stronger Canadian inflation and softer oil prices. At the time of writing, GBP/CAD was trading at CA$1.8755, little changed on the week. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.87384Euro to Canadian Dollar (EUR/CAD): 1.6161Dollar to Canadian Dollar (USD/CAD): 1.41946 DAILY RECAP: The Pound (GBP) proved resilient last week, with Sterling holding steady despite Prime Minister Keir Starmer’s resignation. The move had already been largely priced in by GBP investors, meaning the announcement did little to unsettle…

Gold (XAU/USD) rebounds on Tuesday after falling to a fresh seven-month low of $3,941 in the Asian session, as dip buyers help the precious metal recover some of its losses. At the time of writing, XAU/USD trades around $4,024.Despite the modest intraday recovery, Gold remains on track for its worst quarter since 2013, having erased all of its gains for the year. The precious metal is down nearly 18% this quarter and is heading for its biggest monthly decline since 2008, with losses of about 11%.The downside came as geopolitical tensions in the Middle East triggered an energy-driven inflation shock,…

Taxation of an inheritance First off, the receipt of an inheritance is generally not taxable. Most or all tax is paid by the estate of the deceased, and the after-tax proceeds are distributed to the beneficiaries.  There can be exceptions. If you inherit real estate and sell it later, subsequent appreciation may be considered a taxable capital gain. If you inherit private company shares, depending on the planning you do post-mortem, a withdrawal from the corporation may be considered a taxable dividend to you.  But generally, a cash inheritance is tax-free to the beneficiary because any applicable tax has already…

UBS cuts Celsius Holdings stock price target on brand trends

USD The dollar slipped for a third straight session on Monday, seeing the easing toward 101 on reports of a fresh round of US–Iran talks, even as Tehran played down any imminent negotiations. Granted, that still leaves the index on course for a solid month, having climbed from near 99 in early June. But as we argued in our Week Ahead piece, the dollar may now have topped out for the year, though the fragile Middle East ceasefire, strained by four days of tit‑for‑tat strikes near the Strait of Hormuz over the weekend, keeps a near‑term floor beneath the buck.…

Gold is down nearly 1.50% so far in Tuesday’s Asian trading, sitting at a fresh seven-month low as the key $3,950 psychological barrier gave way amid a renewed wave of selling.Gold: Stops triggered, more pain in storeGold’s underlying bearish momentum regained traction early Tuesday, losing roughly $75 in a matter of a couple of hours.The sudden crash in the Japanese Yen (JPY) drove the USD/JPY pair to its highest level since 1986, above the 162.00 threshold, potentially triggering automated stop-loss orders in Gold below the $4,000 level once again.The USD/JPY upsurge injected fresh life into the US Dollar (USD), having extended…

The Pound to Canadian Dollar (GBP/CAD) exchange rate traded in a narrow range last week as investors balanced UK political developments against stronger Canadian inflation and softer oil prices. At the time of writing, GBP/CAD was trading at CA$1.8755, little changed on the week. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.87384Euro to Canadian Dollar (EUR/CAD): 1.6161Dollar to Canadian Dollar (USD/CAD): 1.41946 DAILY RECAP: The Pound (GBP) proved resilient last week, with Sterling holding steady despite Prime Minister Keir Starmer’s resignation. The move had already been largely priced in by GBP investors, meaning the announcement did little to unsettle…