Author: Robert Jessi

The Canadian dollar weakened on Friday and was on track for its sharpest weekly decline in more than two months, as a stronger U.S. dollar overshadowed surprisingly robust Canadian economic growth. The loonie traded near C$1.3900 against the U.S. dollar, falling about 0.3% to roughly 71.94 U.S. cents. USD/CAD earlier reached C$1.3908, marking the Canadian currency’s weakest level in nine days as traders increased expectations for a Federal Reserve interest rate hike in September. Pressure on the Canadian dollar intensified after Fed Chair Kevin Warsh delivered a hawkish message on inflation at the Jackson Hole economic symposium. Warsh indicated the…

The Canadian dollar remains one of the weakest-performing G10 currencies despite signs of improvemen PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a subscription? Sign in

David Boldovitch, financial adviser and group benefits broker at Bold Financial, has watched this problem play out with real families, not because they made a bad decision, but because they never made one at all. He’s seen cases where life insurance documents were locked in a safety deposit box, inaccessible for weeks after the policyholder passed away, because the family didn’t know which company held the policy or that the policy even existed. “This resulted in a significant delay of the claim ultimately being paid out,” he said. Not everything belongs in a safe For Toronto-based photographer Michael Cooper, the wake-up…

Compass Point cuts IREN stock price target on 2027 capacity ramp timing

The following is an overview of the fintech ecosystem and its relation to wider economic development of Canada in 2026.    Canada should have been an open-banking pioneer. It has one of the world’s most developed financial systems, near-universal access to banking, a highly connected population and Toronto is one of North America’s largest financial centres. The country has also produced internationally recognised technology companies and one of the world’s most successful home-grown fintechs. Yet in one important respect, Canada has been surprisingly slow. While Britain introduced open banking years ago and countries from Brazil to India developed increasingly sophisticated…

USD finished Thursday little changed, despite hawkish commentary from regional Fed presidents Schmid and Hammack, the latter arguing that “now is the time to act” on sticky inflation, keeping September hike odds alive at roughly 35%. Still, Jackson Hole remains the focus, with Chair Warsh’s first keynote at 15:00 BST today. As we have argued previously, his aversion to forward guidance means that hopes for an explicit steer on policy direction are likely to be disappointed, leaving two-way risk for the dollar. We see those risks asymmetrically, however, with downside the more probable outcome. Specifically, we suspect his comments will…

BNY’s Geoff Yu highlights that European inflation is firming, with French and Spanish data reinforcing concerns for the European Central Bank (ECB). Governing Council members Kazaks and Schnabel are framed as hawkish voices, stressing the need to prevent persistent price pressures. The report notes EUR/USD softness alongside stronger Eurozone sentiment indicators, suggesting markets are weighing higher inflation against still-fragile growth.ECB hawks eye persistent price pressures”The latest national data reinforce the concern around headline inflation: French CPI accelerated to 2.4% y/y in August from 2.1%, while Spanish CPI jumped to 4.3% from 3.6%, largely on stronger energy and fuel prices.””European inflation…

Investing.com — The Canadian dollar edged lower against the U.S. dollar on Thursday, with the loonie trading near a one-week low as a firmer greenback kept pressure on the currency ahead of closely watched Federal Reserve commentary. The loonie was last down about 0.06% at C$1.3885 per U.S. dollar, equivalent to roughly 72.02 U.S. cents. USD/CAD opened around C$1.3875 and has traded between C$1.3873 and C$1.3887 so far in the session. The move was modest, with the Canadian currency holding close to the previous session’s levels rather than extending Wednesday’s sharper decline. The loonie fell about 0.4% on Wednesday to…

EUR/USD has slid from the 1.1700 highs to the 200-period EMA, with the 50-period EMA crossing down just above near 1.1657. Source: TradingView. The euro has drifted a little bit lower, and as we head towards the Jackson Hole speeches, especially Kevin Warsh’s speech on Friday, it looks as if traders aren’t comfortable shorting the dollar. Because of this, I’ll be looking to short this market. I am looking at the 1.1650 level as resistance, though. I’m going to try to target the 1.16 level as short-term trade, and on Friday, I will probably leave this pair alone because it…

The clinical transition is often the easy part; the financial one is not. For a US physician, moving to Canada isn’t just a change of address—it’s a major cross-border tax event. And the mistakes made in year one can follow you for a career. Why American doctors are heading north This isn’t a trickle. Physician recruiting firms and Canadian provincial health authorities alike are reporting a sustained rise in American doctors inquiring about and pursuing Canadian licensing. Provinces are actively courting the talent with some running dedicated recruitment campaigns aimed squarely at US-trained physicians.  So, what is actually driving the…