Author: Robert Jessi

So, how do we explain this situation? The cyclical interpretation is simple: young people tend to work in sectors that are sensitive to swings in the economy, such as retail or culture and recreation. When the economy slows, unemployment tends to rise more sharply among young people compared with others. That said, the magnitude of the rise in youth unemployment suggests other factors are at work. One possible factor is demographics. Between 2022 and 2024, there was a large influx of young people from abroad. This intensified competition in Canada for lower‑skill and entry‑level jobs. Following that period of rapid…

Scotiabank strategists Shaun Osborne and Eric Theoret note USD/CAD continues its grind higher, with the Canadian Dollar (CAD) in a near straight-line decline since early May as wider US–Canada yield spreads drive weakness. Short-term technicals are described as neutral/bullish, with a break above the upper 1.41 area opening 1.43–1.45, though an extremely overbought RSI suggests any correction could be meaningful.Overbought rally eyes 1.43–1.45″The big dollar grind higher has extended a little more this morning but the CAD is one of the more resilient major currencies to the USD’s advance on the day.””It has been a straight line decline for the…

The Laval, Que.-based company, which keeps its books in U.S. dollars, says its total revenue came in at US$19.5 billion, rising year-over-year from US$16.27 billion. The company says higher average fuel selling prices helped to increase revenue during the period.  Couche-Tard says its total merchandise and service revenue came in at US$4.5 billion, rising 7.7 per cent from US$4.19 billion.  Couche-Tard CEO Alex Miller says the company’s strategy, which it unveiled in February, is driving strong momentum across its U.S. business.  Source Google BlackBerry reports Q1 profit and revenue up, raises full-year revenue guidance BlackBerry Ltd. (TSX:BB) Numbers for its…

Form 4 Immunovant Inc For: 26 June

By Robb M. Stewart OTTAWA–A further surge in Canadian gasoline prices last month drove inflation in the country to its hottest in more than two years. The consumer-price index climbed 1% in May, pushing the annual rate to 3.2%, the highest level since the end of 2023, Statistics Canada said Monday. A third straight month of increased pump prices as the conflict in the Middle East continued to restrict crude oil supplies meant Canadians were paying the most for gasoline since mid-2022, when Russia invaded Ukraine. Stripping out gasoline, annual inflation edged up 0.2 percentage point to 2.2%. The overall…

HSBC notes that Thailand’s 1Q26 growth beat expectations on the back of strong electronics exports and robust private investment and consumption, supported by AI-related activity and fiscal stimulus. However, non-AI sectors face Chinese competition, and consumption is expected to cool as subsidies fade. The bank upgrades 2026 growth but cuts its 2027 forecast and sees inflation easing below 2%.Short-term boost, medium-term headwinds”Growth in 1Q26 exceeded expectations, accelerating to 2.8% y-o-y despite the turmoil in the Middle East. Sectors and industries that are part of the data centre and AI supply chains were particularly buoyant.””Goods exports from Thailand surged 15.5% y-o-y…

OCBC’s FX strategists Sim Moh Siong and Christopher Wong highlight that USD/SGD has eased as US Dollar (USD) momentum softened on core Personal Consumption Expenditures (PCE) Price Index data, with the pair around 1.2960. Bullish daily momentum remains, but Relative Strength Index (RSI) is turning lower from overbought, and they are monitoring whether this turnaround extends or attracts dip-buying. They flag potential distortion from quarter-end flows and outline nearby support and resistance levels.Pair eases as USD momentum softens”USD/SGD found reprieve overnight as USD momentum eased on core PCE data. Pair was last at 1.2960 levels.””Bullish momentum on daily chart remains…

Tame US PCE knocks US dollar lower – Oil prices retreat despite Iran attack on Taiwan ship – US dollar opens lower against the majors. USDCAD open: 1.4185, overnight range 1.4181-1.4210, close 1.4203, …

The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The evolving conflict in the Middle East is causing heightened volatility and US trade policy continues to reshape global trade patterns. Both are ongoing sources of uncertainty. The Bank’s April outlook assumes tariffs remain unchanged and the global benchmark price of oil declines to US$75 per barrel by mid 2027.  The Iran war has led to sharply higher energy prices and transportation disruptions, diminishing growth prospects in oil-importing countries and boosting inflation worldwide. In…

USD/CAD halts its winning streak that began on June 10, trading around 1.4230 during the Asian hours on Thursday. The currency pair depreciate as the US Dollar (USD) declines despite rising market expectations of Federal Reserve (Fed) interest rate hikes later this year.Traders are positioning for tighter monetary policy after Federal Reserve Chairman Kevin Warsh signaled a firm focus on taming inflation, noting that the broader economy remains on a stable footing. Reflecting this hawkish shift, the CME FedWatch tool shows that markets are now pricing in an 83.1% probability of rate hikes by the end of December.Traders focus now…