Author: Robert Jessi

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The evolving conflict in the Middle East is causing heightened volatility and US trade policy continues to reshape global trade patterns. Both are ongoing sources of uncertainty. The Bank’s April outlook assumes tariffs remain unchanged and the global benchmark price of oil declines to US$75 per barrel by mid 2027.  The Iran war has led to sharply higher energy prices and transportation disruptions, diminishing growth prospects in oil-importing countries and boosting inflation worldwide. In…

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…

Condo fees generally cover a lot of what homeowners would spend out of pocket, such as property insurance and general maintenance, said Karolina Armstrong, a real estate broker at Right At Home Realty in Toronto. “It’s what keeps the building running for all the owners,” she said. Other common items usually included in condo fees are garbage removal, elevator repairs, and security and cleaning staff. The fees also go toward the building’s reserve fund, which is money set aside for future repairs and larger maintenance projects, such as replacing windows and roofs. How much a condo owner pays depends on the…

Investing.com – H.C. Wainwright reiterated a Buy rating and $6.75 price target on Integra Resources Corp. () stock following the company’s updated feasibility study. The stock currently trades at $2.36, down 43.7% over the past six months despite posting a 55.81% gain over the past year. According to InvestingPro analysis, the stock appears undervalued at current levels. Integra Resources released an updated Feasibility Study and Life-of-Mine Plan for its Florida Canyon Mine on Wednesday. The updated study shows Florida Canyon is positioned to deliver an average of 82,000 gold ounces per year over an 8-year operating mine life. The updated…

is pressing into intervention territory just as the dollar story begins to lose some oxygen. Takeaway • The dollar has had the wind at its back, but the price is starting to say the sail is already full. • US growth is being held up by AI spending, while the consumer is quietly losing its footing. • The Fed can keep the hawkish mask on, but it still needs far more proof before it can actually pull the trigger. • USD/JPY is pressing into intervention territory just as the dollar story begins to lose some oxygen. Dollar Rally Starts To…

USD The dollar lost a little altitude on Thursday, the slipping back toward 101.40 from Wednesday’s fifteen-month high and finishing as a modest underperformer across the majors, with May core PCE doing little to move the needle. Headline PCE accelerated to 4.1% and core to 3.4%, but both printed on consensus without being hot enough to extend rate hike repricing. Final University of Michigan sentiment, particularly its inflation expectations, is today’s only data release of note. For now, though, we still judge the market’s 2026 hike conviction premature and lean towards no change; reassessing Chair Warsh will take several more…

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…

Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.

The US Dollar to Canadian Dollar (USD/CAD) exchange rate has surged to 1.4240, extending a powerful rally that has carried the pair almost 5% higher since the start of May. Scotiabank notes that the Canadian Dollar has endured a near relentless decline, losing ground against the US Dollar on around 80% of trading days since peaking near 1.3550 in early May. The bank believes widening US-Canada yield spreads have been the primary driver of the move, although those spreads are now showing signs of stabilising. According to Scotiabank, current rate differentials look increasingly stretched, with the implied US-Canada yield gap…

Debt problems rarely appear overnight. They tend to develop gradually through a series of well-intentioned decisions made while trying to stay afloat: a credit card is used to cover an unexpected expense; a savings account is tapped to make a payment; a tax refund is expected to solve the problem next month. Each decision can seem reasonable in isolation, but over time these temporary fixes can make debt harder to manage. Plus, they can limit your available options going forward.  If you’re worried about debt, recognizing the warning signs early on can help you avoid unnecessary stress, interest costs, and…