Author: Robert Jessi

Gold is nursing losses early Thursday, looking to retest seven-month lows near $3,950, following a failed recovery attempt above the $4,000 threshold.  Gold: More downside in store?As analysed a week ago, Gold remains a lose-lose trade amid increased bets of at least two US Federal Reserve (Fed) interest rate hikes this year, with the first one as early as September.Elevated inflation levels, combined with a surprisingly hawkish-sounding new Fed Chair, Kevin Warsh, have doubled down on Fed rate hike bets, bolstering the US Dollar (USD) uptrend while spelling doom for the non-yielding Gold.The Greenback also remains underpinned by expectations of a…

If you read this column regularly you’ll know that this itself was not surprising for two reasons. First, BTC cyclical tops are often at the end of the year following the BTC halving (2024 in this case). And second, because BTC cyclical crashes have historically been much more than 50%.  However, BTC investors were buoyed by its resilience through the first month of the U.S.-Israel-Iran war when the asset performed way better than the stock market or gold. In fact, in February and March of 2026, BTC had a great run from $63,000 to $81,000. This, unfortunately, was short lived…

High Templar Tech to buy back 40.9M shares for $130.8M

The year 2026 is poised to be a breakthrough one for open banking in Canada. Bill C-15 — which would implement measures from the 2025 federal budget — is currently before Parliament. If passed, Bill C-15 will complete and modernize Canada’s Consumer-Driven Banking Act by giving the Bank of Canada oversight over a new open banking framework that lets consumers and small businesses securely share their financial data with the third parties they choose. To date, discussions about this new framework have largely focused on promoting competition and technological innovation. Equally important, however, is its potential to help women experiencing…

Calmer markets are allowing several currencies to take a breather against the strong dollar. If sentiment keeps stabilising from here, data and Fedspeak should take over as primary drivers. Today, we expect decent US spending figures, but a muted . Our baseline view is that won’t break below 1.130 USD: Core PCE May Come In Cooler Than Expected The dollar seems to have halted its run on some risk sentiment stabilisation, but it’s still early to rule out another leg higher in the greenback. Any new signs of AI jitters could be the catalyst for more safe-haven-related dollar demand. At…

The USD/JPY pair trades close to its fresh all-time high near 162.00 during the European trading session on Thursday. The pair advances as the US Dollar (USD) continues to outperform its peers due to firm speculation that the Federal Reserve (Fed) will tighten its monetary conditions this year.As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades slightly higher at around 101.56, closer to its over-a-year high of 101.80 posted on Wednesday. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies…

USD/CAD halts its winning streak that began on June 10, trading around 1.4230 during the Asian hours on Thursday. The currency pair depreciate as the US Dollar (USD) declines despite rising market expectations of Federal Reserve (Fed) interest rate hikes later this year.Traders are positioning for tighter monetary policy after Federal Reserve Chairman Kevin Warsh signaled a firm focus on taming inflation, noting that the broader economy remains on a stable footing. Reflecting this hawkish shift, the CME FedWatch tool shows that markets are now pricing in an 83.1% probability of rate hikes by the end of December.Traders focus now…

This is an account of the deliberations of the Bank of Canada’s Governing Council leading to the monetary policy decision on June 10, 2026. This summary reflects discussions and deliberations by members of Governing Council in stage three of the Bank’s monetary policy decision-making process. This stage takes place after members have received all staff briefings and recommendations. Governing Council’s policy decision-making meetings began on June 4, 2026. The Governor presided over these meetings. Members in attendance were Governor Tiff Macklem, Senior Deputy Governor Carolyn Rogers and Deputy Governors Toni Gravelle, Nicolas Vincent, Michelle Alexopoulos and Marc‑André Gosselin. International economy Governing Council began deliberations by discussing recent developments…

Gold price (XAU/USD) tumbles to around $3,995 during the early Asian session on Thursday. The precious metal extends the decline to below the $4,000 psychological level for the first time since November 2025 on the prospect of higher interest rates and a stronger US Dollar (USD). All eyes will be on the US May Personal Consumption Expenditures (PCE) data, which will be published on Thursday. Traders have ramped up bets on US interest rate hikes this year after the US Federal Reserve (Fed) delivered hawkish messages at its June policy meeting and as fears of inflationary pressures stemming from the Iran war persist. It’s worth…

A high-fee card can deliver strong rewards and perks that are valuable if you actually use them. On the flip side, a no-fee card can feel “safe” but may leave rewards on the table if your spending habits qualify you for better options. The real question isn’t just what the card costs, but whether it pays for itself based on your spending. As reward programs evolve and Canadians look for more value from everyday spending, the best credit card in 2026 is the one that matches your behaviour, not just your wishlist. What you’re really paying for Annual fees aren’t…