Author: Robert Jessi

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…

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. …

On Friday, the US market will remain closed to celebrate the 250th Independence Day, while the US President stuck in a peace deal with Iran as the peace accord, signed on June 17, 2026, has a catch-22 position in a clause, ensure an over stretch this probe to resolve without emphasizing most important issues like de-nuclearization of Iran and limit it’s claim over the Strait of Hormuz.Undoubtedly, the absence of direct talks has reinforced uncertainty over how quickly Washington and Tehran can resolve outstanding issues under their 60-day negotiating framework, including the future of the Strait of Hormuz.Tehran also seemed…

The US dollar fell against the Canadian dollar right away, but it is already starting to turn things around, and again, I think this is a situation where it offers you a potential trade. I like the idea of buying the dollar against the Canadian dollar, and it looks like the market is okay with that, too. If we do break out to the upside, the 1.43 level gets targeted, followed by the 1.45 level. GBP/USD Technical Analysis

The US Dollar to Canadian Dollar (USD/CAD) exchange rate remains close to multi-year highs, trading around 1.4195 after rallying almost 3% during June. Citi has upgraded its USD/CAD forecasts, raising its three-month target to 1.43 from previous estimates and lifting its six to 12-month forecast to 1.42, reflecting a more constructive outlook for the US Dollar. The bank believes policy divergence remains the key driver, arguing there is “asymmetric scope for policy divergence” as the Federal Reserve signals a willingness to tighten while the Bank of Canada remains constrained by subdued core inflation and uncertainty surrounding the USMCA trade agreement.…

Some taxpayers may not even notice this, but line 42100 on a T1 tax return is CPP Contributions Payable on Self-Employment Income and Other Earnings. Contributions are calculated on Schedule 8 or Form RC381, whichever applies. Most self-employed individuals must pay CPP contributions, but there may be alternatives. Whether or not it is worth pursuing them is another story. Opting out of CPP If you are under age 65, you must contribute to the CPP if you earn a salary or self-employment income. Once you are 65, until age 70, you can elect to stop CPP contributions.  If you are…

North Korea’s Kim oversees cruise missile launch from new naval destroyer

Tiff Macklem, governor of the Bank of Canada, speaks during a news conference in Ottawa on Wednesday, June 10, 2026, following the latest interest rate announcement. (Credit: HYUNGCHEOL PARK) The Bank of Canada held interest rates at 2.25 per cent on Wednesday as it tries to balance the risks of a slowing economy against higher inflation, but one economist thinks the central bank might be closer to ending its five-decision-long pause, with September marking a possible turning point. “In our view, the bank is getting closer to ending its pause and is waiting for the data to tell it which…

The Kiwi Dollar clears the 0.5700 figure on Friday, clings to gains of over 0.22% against the Greenback after hitting a daily low of 0.5689. At the time of writing, the NZD/USD trades at 0.5709.NZD/USD Price Forecast: Technical outlookThe NZD/USD remains technically bearish, even though interest rate probabilities suggest the Reserve Bank of New Zealand could raise rates at least twice. However, in the short term, the leg-up would test an support-trendline-turned resistance at around 0.5750.The Relative Strength Index (RSI) is rising, suggesting buyers are gaining traction, but it remains below the 50-neutral level. Hence, the overall trend is downwards.For…

The US Dollar (USD) has come under fresh downward pressure this week.