Author: Robert Jessi

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance, arguing that the current world demands more flexibility. For traders, this shift is important because less guidance means greater dependence on data and, very likely, more market volatility. For over two decades, global central banks have been using forward-looking guidance on the monetary policy outlook as a tool to support households and businesses in making decisions regarding spending…

The Pound to Canadian Dollar (GBP/CAD) exchange rate climbed to its strongest level in around a decade on Monday as persistently weak oil prices continued to undermine the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8971, having eased back slightly after touching a session high of CA$1.8980. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89894 (+0.16%)Euro to Canadian Dollar (EUR/CAD): 1.623308 (-0.04%)Dollar to Canadian Dollar (USD/CAD): 1.42169 (+0.12%) DAILY RECAP: The Canadian Dollar (CAD) found itself under pressure on Monday, as weaker oil prices continued to weigh heavily on the commodity-linked currency. Crude has…

The Pound to Canadian Dollar (GBP/CAD) exchange rate climbed to its strongest level in around a decade on Monday as persistently weak oil prices continued to undermine the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8971, having eased back slightly after touching a session high of CA$1.8980. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89894 (+0.16%)Euro to Canadian Dollar (EUR/CAD): 1.623308 (-0.04%)Dollar to Canadian Dollar (USD/CAD): 1.42169 (+0.12%) DAILY RECAP: The Canadian Dollar (CAD) found itself under pressure on Monday, as weaker oil prices continued to weigh heavily on the commodity-linked currency. Crude has…

But not every ETF will survive. ETF providers are businesses, and ETFs themselves are products. The goal of launching an ETF is ultimately to gather sufficient assets under management (AUM) so that the management fees generated by the fund exceed the costs of operating it.  Like any business, however, not every product launch succeeds. Sometimes investor demand fails to materialize. Sometimes competition proves too intense. And sometimes, an issuer simply decides that its resources are better allocated elsewhere. At that point, the sponsor may choose to close the fund. The desire to avoid ETF closures is one reason investors often…

Neo Energy enables cross-border share removals via Strate

Canada’s financial services sector continues to swim on the tide of technology. While banks have long embraced digital channels, 2026 marks a turning point where two technology-driven trends are moving from pilot projects and policy discussions into large-scale implementation: Artificial intelligence (AI) and consumer-driven banking, which is often referred to as open banking. For a few years, Canada lagged behind countries such as the U.K. and Australia in implementing open banking. That is now changing as the federal government’s consumer-driven banking framework rolls out during 2026, giving Canadians greater control over their financial data and allowing them to securely share…

USD The dollar is holding firm in early European trade, supported by higher and a broader risk-off move following the Samsung-led technology selloff in Asia. The geopolitical backdrop is adding further support: attacks on shipping in the Strait of Hormuz have lifted oil prices and reinforced safe-haven demand for the greenback. Markets are also looking ahead to Wednesday’s FOMC minutes, with rate futures still pricing a meaningful probability of a US rate increase by year-end. With explicit Fed guidance fading, next week’s US CPI release is becoming the main driver for USD positioning. For now, higher yields and weaker equity…

Federal Reserve (Fed) Bank of New York President John Williams said on Tuesday that the United States (US) economy continues to show steady, trend-like growth, while the labor market remains stable. Speaking in an interview with Fox Business, Williams noted that monetary policy is well positioned to achieve the Fed’s goals, although future decisions will depend on incoming data and risks.Key takeaways:Williams said he sees steady trend-like growth for the US economy.The job market is showing stability, with risks looking pretty balanced.The retreat in energy prices is good news and should continue to cool inflation.Inflation is still quite high, but…

The Pound to Canadian Dollar (GBP/CAD) exchange rate climbed to its strongest level in around a decade on Monday as persistently weak oil prices continued to undermine the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading at CA$1.8971, having eased back slightly after touching a session high of CA$1.8980. Latest — Exchange Rates:Pound to Canadian Dollar (GBP/CAD): 1.89894 (+0.16%)Euro to Canadian Dollar (EUR/CAD): 1.623308 (-0.04%)Dollar to Canadian Dollar (USD/CAD): 1.42169 (+0.12%) DAILY RECAP: The Canadian Dollar (CAD) found itself under pressure on Monday, as weaker oil prices continued to weigh heavily on the commodity-linked currency. Crude has…

Consumers continued to cite tariffs and trade tensions as the most important factor affecting inflation (Chart 3). In follow-up interviews, one respondent said, “Where I work, a lot of raw material is used. … [Tariffs have raised] substantially the price of the item itself plus the cost to ship it, so we have to pass that cost on to our customers.” However, in the second quarter of 2026, consumers increasingly cited energy prices as a source of inflation. About 70% of consumers expect the war in the Middle East to raise inflation over the next 12 months. In follow-up interviews, several…