Author: Robert Jessi

Korea’s record-low stock valuations seen as opportunity amid AI earnings boom

OTTAWA, ON, May 20, 2026 /CNW/ -It pays to file your taxes every year!Filing your taxes every year isn’t just about reporting your income — it’s the key to getting (and keeping) the benefits and credits that help you with everyday costs, including the new Canada Groceries and Essentials Benefit (CGEB). If you don’t file your taxes, you might be missing out on benefits and credits you’re entitled to receive.Why it’s important to file your taxes on timeYour benefit and credit amounts for the year are calculated after your tax return is assessed. Starting in July each year, your benefit…

The upcoming week will bring a major test for the US Dollar (USD), with investors focusing on the United States Consumer Price Index (CPI), Federal Reserve (Fed) Chair Kevin Warsh’s congressional testimony and a broad set of activity indicators. China’s second-quarter Gross Domestic Product (GDP) and the Bank of Canada’s (BoC) interest-rate decision will also attract significant attention.The US Dollar Index (DXY) trades near 101.00, recovering from a one-week low hit earlier on Friday as investors balance softer recent labor market data against renewed geopolitical uncertainty and persistent inflation concerns. Tuesday’s US CPI report will be the central event for…

Commerzbank’s report on Taiwan notes that stronger inflation, with core CPI at 2.5%, is likely to push the CBC towards a more hawkish stance, including a possible 12.5 bp hike in H2. Despite robust AI-driven exports and firm domestic demand, USD/TWD has risen to 32.19, though analysts expect a potential pullback once seasonal dividend outflows fade.Hawkish CBC and AI-led growth”Taiwan’s June inflation surprised on the upside, with headline CPI rising to 2.6% yoy from 2.2% in May. This was the fastest pace since January 2025 and well above the Central Bank of the Republic of China’s (CBC) informal 2% threshold.…

The US Dollar to Canadian Dollar (USD/CAD) exchange rate has eased back to around 1.4160 after retreating from June’s highs above 1.42, with the Canadian Dollar finding support from firmer oil prices and improving risk sentiment. Latest — Exchange Rates:Dollar to Canadian Dollar (USD/CAD): 1.41574 (-0.07%)Pound to Canadian Dollar (GBP/CAD): 1.897869 (-0.13%)Euro to Canadian Dollar (EUR/CAD): 1.616046 (-0.23%) ING believes the Canadian Dollar can remain relatively well supported in the near term, although it does not expect USD/CAD to fall back below the key 1.40 level over the next couple of months. The bank notes that higher oil prices and…

Silver price retreats on Friday during the North American session, edging down by 0.54%, weighed by high US Treasury yields and a sudden shift in market sentiment, after US President Trump revealed that the ceasefire is “over.” At the time of writing, the XAG/USD trades at $59.66.XAG/USD Price Forecast: Technical OutlookSilver is downward biased, as the market structure continues to respect the series of lower highs and lower lows. The Relative Strength Index (RSI) remains bearish, below its 50-neutral level and aiming towards oversold territory. Given the reasons mentioned above and geopolitical uncertainty, the XAG/USD’s path of least resistance is…

Claiming your cell phone as an employee Employees who are required by their employers to use their cell phone for employment purposes and who have a Form T2200 Declaration of Conditions of Employment signed by their employer may be eligible to claim a portion of their cell phone costs. This presumes they were not reimbursed by the employer. Canada Revenue Agency (CRA) guidelines are that you can deduct a portion of your cell phone service cost if all conditions below are met: The cost is reasonable You can document the cell minutes or data that were part of your employment…

Investing.com — While the United States and China remain far ahead in the global artificial intelligence race, a report from Bank of America says a handful of countries are emerging as the strongest contenders to benefit from the next phase of AI development. Track AI leaders and market movers with InvestingPro – now 60% off The brokerage said the AI landscape is becoming increasingly concentrated around the U.S. and China, with Washington retaining its lead in private investment, advanced chips and computing infrastructure, while Beijing benefits from manufacturing scale, lower energy costs and dominance in processed critical minerals. Rather than…

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…

Japanese assets are rallying after the government floated the prospect of the GPIF investing more heavily at home. While the proposal could have significant implications for global capital flows, it does not yet change the broader forces driving Japanese bond yields and .GPIF proposal sparks capital repatriation hopes Long-dated JGBs lead powerful relief rally Imported inflation strengthens BOJ normalisation case USD/JPY nears trendline support Japanese Assets Rally on GPIF ProposalJapanese assets are rallying after Finance Minister Satsuki Katayama said the government wants to encourage Japan’s GPIF, the world’s largest pension fund, to invest substantially more domestically. The reason markets are…