Author: Robert Jessi

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USD The dollar slipped for a second session on Friday, the ending the week around 101.2, though the index still held a roughly 0.3% weekly gain. The centrepiece this week is Thursday’s June payrolls report, pulled forward ahead of Friday’s July 4th closure. We look for a headline print broadly in line with consensus, which projects 115k jobs added in June and unemployment steady at 4.3%. That is an outcome we think favours no change rather than further hikes, though two successive payroll beats temper that conviction. ISM manufacturing and JOLTS feature midweek, and Warsh speaks at Sintra on Wednesday.…

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…

The Bank of Canada (BoC), RBC Capital Markets, RBC Investor Services, TD Bank Group (TD), and Export Development Canada (EDC) successfully completed Project Samara, a collaborative initiative to evaluate how tokenization and distributed ledger technology (DLT) can improve bond issuance and settlement in a real-world setting. As a key milestone in the experiment, EDC issued this week Canada’s first tokenized bond using DLT, with payments settled in wholesale central bank deposits. The bond was sold and traded and will be managed throughout its life cycle on the Samara Platform. The Samara Platform was designed for the experiment to support end-to-end transactions throughout the bond’s life cycle—including cash and…

Mark McCormick, chief FX strategist at BMO Capital Markets, joins BNN Bloomberg to discuss how a hawkish U.S. Fed affects the macro backdrop. The Canadian dollar remains under pressure as a stronger U.S. economy and shifting Federal Reserve expectations lift the U.S. dollar. With central banks providing less forward guidance, investors are relying more heavily on economic data to gauge the path for interest rates and currencies.BNN Bloomberg spoke with Mark McCormick, Chief FX Strategist at BMO Capital Markets, about the outlook for the loonie, why the U.S. dollar continues to strengthen, and how a more data-dependent approach from central…

Kelly Ho, a certified financial planner at DLD Financial Group, said renters need to consult their provincial tenants act. In many provinces the new owner or the bank is required to continue the tenant agreement if the lease term hasn’t ended, but that may not be true for all jurisdictions, she said. “It’s really important for the tenant to know their rights and continue acting in good faith and making sure they don’t let anything slip and that everything’s documented,” Ho said. Tenants face uncertainty when landlords fall behind Douglas Kwan, a lawyer and director of advocacy and legal services…

First Property Group PLC (LSE:FPO) Full Year 2026 Earnings Call Highlights: Strong Profit …

A hot inflation reading for May released Wednesday morning reinforces that the Federal Reserve will maintain interest rates next week. Rates will likely remain on hold until there’s evidence that inflation is receding. The Consumer Price Index rose 4.2% in May, in line with expectations, compared with 3.8% in April. The increase was again driven by energy prices due to the conflict in the Middle East, which accounted for 60% of the rise in inflation. Food and shelter prices also pushed up inflation last month. Stripping out volatile energy and food prices, “core” inflation ticked up to 2.9% from 2.8%…

Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.Citing an official, Axios reported that the US and Iran have agreed to end more than three days of retaliatory strikes in and around the Strait of Hormuz and engage in further technical talks on Tuesday in Qatar.Earlier, talks to end the US war with Iran were reportedly on hold after the US struck Iranian military targets in retaliation for Tehran’s latest strikes on shipping vessels in the Strait…

The EUR/USD pair fell sharply for a second consecutive week, trading as low as 1.1324 before recovering towards the current 1.1410 price zone. The US Dollar Index (DXY) peaked at 101.80, its highest in little over a year, extending the positive momentum triggered by the Federal Reserve’s (Fed) hawkish hold and easing Middle East tensions. By the end of the week, the Greenback retains most of its gains, with the ongoing modest retracement seen as corrective.War progress?Over the last few days, the near-term inflationary outlook improved as progress in the Iran-United States (US) deal has sent Oil prices sharply lower.…