Author: Robert Jessi

Higher oil prices no longer offer the Canadian Dollar reliable support, with housing stress, weak growth and rate differentials now driving CAD. Canada’s Dollar used to have a fairly simple story. Oil went up, and the currency usually followed. That relationship has weakened considerably. MRB Partners says the Canadian Dollar’s historical sensitivity to crude oil has “diminished materially over the past decade”, leaving domestic housing, credit and growth risks with far more influence over the currency. “Historically, the CAD would have been a go-to currency on the back of higher oil prices,” MRB said, “but its historical beta to crude…

The Canadian dollar made little movement on Thursday.      The loonie closed at US$0.7134 or US$1=C$1.4018 on Thursday, compared to US$0.7130 or US$1=US$1.4026 on Wednesday. The United States Dollar Index increased 0.27 of a point at 99.95.      Crude oil prices were higher as optimism over a potential new deal to reopen the Strait of Hormuz turned to caution. Iran-backed Houthi rebels attacked two Saudi oil tankers on the Red Sea and the Gulf of Aden on Wednesday.      West Texas Intermediate gained US$2.52 per barrel at US$77.74. Brent crude oil rose US$3.45/barrel at US$82.90.      The TSX/S&P Composite Index…

Now, their approach appears to have shifted from education toward enforcement. The CRA may send a proposed RC243 Tax-Free Savings Account (TFSA) Return or assess tax based on information from financial institutions by issuing TFSA Notices of Assessment. What is a TFSA Return? The RC243 TFSA Return is a 2-page form to calculate the tax on excess TFSA contributions. You must generally file it and pay any tax owing by June 30 of the following calendar year. It is used to calculate tax on: Excess TFSA amounts Non-resident contributions Non-qualified investments Prohibited investments Other advantages We will focus on excess…

Why is Lasertec stock tumbling today?

The Wall Street Journal reports Scott Bessent’s Yen Trade Has Unintended Consequences for the Markets The joint U.S.-Japan support of the yen is unusual. The way it is being financed is unprecedented, and adds liquidity when the punch bowl of the U.S. economy and markets is already overflowing. So far the scale is small, but Treasury Secretary Scott Bessent wants the Fed to drop its $60 billion cap on the emergency facility being used—or abused, given there’s no emergency—to lend to Japan, and pledged to do “whatever it takes” to help. Knowing the Correct Price of Things Not Attractive Reserve…

The United States Dollar Index (DXY), which tracks the Greenback against a basket of currencies, consolidates during the Asian session on Friday as traders keenly await the release of the closely-watched US monthly jobs data. In the meantime, persistent geopolitical uncertainties and bets for at least one rate hike by the US Federal Reserve (Fed) hold the index steady around the 100.00 psychological mark.In the latest developments surrounding the Middle East crisis, a Saudi official said that some Iraqi militia factions, in coordination with Yemen’s Iran-backed Houthis, are planning to attack the kingdom in the very near future. This raises…

USD/CAD extends its gains for the second successive day, trading around 1.4020 during the Asian hours on Friday. The pair continues to gain ground as the US Dollar (USD) benefits from revived safe-haven demand.Tensions in the Strait of Hormuz have unsettled global markets and cast fresh doubt over efforts to fully reopen the vital shipping route. Market participants remain highly skeptical about the corridor’s prospective opening, especially as Iran’s parliament reviews a draft agreement. The proposed draft would bar United States (US) and Israeli vessels, impose 20% cargo penalties on hostile nations, and keep the trade route restricted until the…

Summary:USD/CAD climbed toward weekly highs as falling oil prices weakened the Canadian dollar despite strong domestic trade data. Canada’s trade surplus reached a four-year high, but the positive economic data was overshadowed by the sharp decline in crude oil prices. Markets are reassessing Federal Reserve expectations, limiting gains in the US dollar after weaker-than-expected US economic data. USD/CAD rises as oil prices pressure the Canadian dollar The USD/CAD exchange rate extended its gains on Wednesday, climbing toward the 1.4080 level as another sharp decline in oil prices continued to pressure the Canadian dollar. The move came despite encouraging economic data from Canada,…

Awareness is growing, too. Six in 10 respondents (59%) correctly identified the definition of cryptocurrency, up from 54% in 2023 and 51% in 2022. More than one third (34%) were aware of stablecoins and 24% had heard of RWA tokens. The most common reason for buying crypto among investors was to diversify their investment portfolio (28%), followed by the expectation of long-term growth in asset value (27%) and as a speculative investment (26%). For those who didn’t invest in crypto, commonly cited reasons included not understanding it well enough and fear of being defrauded (both 43%), along with the asset…

Summit Hotel Q2 2026 slides: RevPAR up 5%, guidance raised