Author: Robert Jessi

UK to commit £500 million to high-speed boats and drones for Commando Force

HSBC portrays Vietnam as one of Asia’s fastest-growing economies, supported by booming electronics exports and import-intensive manufacturing. However, a widening trade deficit and elevated Oil prices are eroding the current account surplus and pushing inflation above the State Bank of Vietnam’s ceiling. The bank trims its external surplus forecast and raises its 2026 inflation projection.Fast expansion with external and price pressures”Despite moderating from last year’s 8%, the country saw rather decent growth of 7.8% y-o-y in 1Q26. This easily made Vietnam sustain its position asone of Asia’s fast-growing economies.””Nevertheless, a detailed look at trade data shows Vietnam’s trade resilience. Exports…

Risk sentiment remains shaky, but the US dollar hasn’t taken advantage of the latest correction in Asian equities. That may fit our view that USD is pricing in quite a lot of positives and faces downside risks, especially beyond the very near term. Elsewhere, markets may be growing some conviction that 162.0 is the new line in the sand for intervention USD: Testing Rally Resilience The mix of risk sentiment and data inputs for the dollar has remained mildly USD-positive in the past 24 hours, but the dollar has inched lower – a potential sign that some bullish momentum is…

Tame US PCE knocks US dollar lower – Oil prices retreat despite Iran attack on Taiwan ship – US dollar opens lower against the majors. USDCAD open: 1.4185, overnight range 1.4181-1.4210, close 1.4203, …

The Board of Directors of the Bank of Canada today announced the appointment of Marc-André Gosselin and Nicolas Vincent as Deputy Governors, effective May 25 and August 3, 2026, respectively. As Deputy Governor, Mr. Gosselin will join the Bank’s Governing Council which is responsible for decisions related to monetary policy and financial stability. In this role, Mr. Gosselin will oversee the Bank’s analysis of domestic economic developments. Born in Montréal, Quebec, Mr. Gosselin holds a master’s degree in applied economics from HEC Montréal. He joined the Bank in 1999 and has since held progressively senior roles. As Managing Director of the Bank’s…

USD/CAD climbs to fresh highs since April 2025 on Wednesday as the Canadian Dollar (CAD) faces a double blow from a stronger US Dollar (USD) and weaker Oil prices. At the time of writing, the pair trades around 1.4235. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 101.64, a level last seen in May 2025.The US Dollar is drawing support from rising expectations that the Federal Reserve (Fed) could raise interest rates later this year after Chair Kevin Warsh struck a hawkish tone at last week’s monetary…

Understanding your options now can help you graduate with a much stronger financial foundation. Student loans in Canada In Canada, you generally have two paths for borrowing: government programs or private financial institutions. According to RBC’s survey, 62% of students say they rely on two or more sources to pay for school—including government loans, scholarships, family support, credit cards and student lines of credit. But only 30% say they understand the differences between the options. The government route: Canada Student Financial Assistance Program With the Canada Student Financial Assistance Program, the federal government partners with provinces and territories to provide…

Citi says these beaten-down China internet stocks are worth buying on the dip

Canada’s financial services sector, long characterised by stability and concentration among a handful of large banks, is undergoing a decisive digital transformation. Over the past 18 months, a confluence of regulatory reform, infrastructure modernisation and fintech innovation has begun to reshape how money moves, how data is shared and how consumers interact with financial institutions. The result is not merely incremental change, but the foundations of a more open, competitive and technology-driven system. The most significant shift has been the long-awaited arrival of consumer-driven banking, more commonly known as open banking. After years of consultation, the federal government confirmed in…

Sterling is fighting a losing battle on two fronts, and the chart shows it. trades near 1.3195 in Friday dealing, holding modest gains above 1.32 after bouncing off a seven-month low near 1.3147 earlier in the week. The pair has slid from its January 28 high of 1.3824 — down more than 4.5% — and sits below every meaningful moving average, with the technical signals flashing outright sell. The bounce off the lows is real but fragile, and the reason cable can’t find a floor is that it’s being squeezed from both ends at once. That two-sided pressure is the…