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Forex News

Friday September 18, 2020

Global risk correction will drive the greenback higher: Strategist

Mark Jolley from CCB International Securities has a contrarian view of the USD, expecting it to trend higher as risk comes off in the lead up to the U.S. election, and as Europe battles a second coronavirus wave.

Wednesday September 16, 2020

U.S. real yields are 'unreasonably low', says JPMorgan strategist

Current U.S. real yields may get a "major increase" if the Fed changes its stance on them, but that shift may only happen post-U.S. elections and with a coronavirus vaccine launch, says David Kelly, chief global strategist at JPMorgan Asset Management.

Wednesday September 16, 2020

Yuan could rise to 6.4 against dollar if tariffs unwind with Biden win: Nomura

Craig Chan of Nomura says the structural changes such as bond inflows, potential tariffs unwind under a Biden presidency and yuan's internationalization process could drive the currency to 6.4 against the dollar 6 months down the road.

Wednesday September 16, 2020

Expect Jerome Powell to strike an accommodative tone at the FOMC meeting: Strategist

Mona Mahajan of Allianz Global says as we head into last FOMC meeting before the Presidential elections, Fed Chairman Jerome Powell may call on to Congress to step up its fiscal stimulus.

Markets & Economics

Friday September 18, 2020

Michael Farr: The problem with the U.S. economy is there are too many poor people

It's easy to hate the rich for all that they have and all that you don't, but th...

Friday September 18, 2020

Fed's Bullard says 'biggest growth quarter of all time' will lift inflation

Bullard also said he sees the unemployment rate falling to 6.5% by the end of th...

Thursday September 17, 2020

Jobless claims were lower than expected but employment growth is still sluggish

First-time claims for unemployment insurance beat Wall Street estimates last wee...

Thursday September 17, 2020

Climate change is fueling wildfires in the West, ravaging local economies

Wildfires, driven by climate change, are raging across the Western United States...

Canadian Business

Sunday - Sep 20, 2020

Online thieves scam Toronto couple out of more tha...

Chris Eggers

Chris Eggers says he and his wife were scammed out of nearly 600,000 PC Optimum points on Labour Day weekend after enrolling in a Shoppers Drug Mart promotion. Loblaw Companies Limited has apologized to the couple, but says the hack had no connection with the in-store promotion.

Saturday - Sep 19, 2020

Want the government to split your dinner tab? Rest...

Diners at Greek retaurant

With support from a swath of pandemic relief measures set to expire this fall, a national restaurant association wants the government to consider a new way to support its struggling industry.

Saturday - Sep 19, 2020

U.S. will delay TikTok app store ban by 1 week as ...

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The U.S. Commerce Department on Saturday announced a one-week delay until Sept. 27 in an order issued Friday that was set to require Apple Inc and Alphabet Inc's Google to remove the TikTok app for download.

Friday - Sep 18, 2020

Canadian airlines cancelling flights again as hope...

flight cancellations board

Air Canada and WestJet have cancelled 439 flights this month alone as Canadian airlines' hopes for a spike in demand fall flat due to the COVID-19 pandemic, snarling plans for the few passengers who remain.

Friday - Sep 18, 2020

CMHC is sprucing itself up with a reno and paint j...

Evan Siddall

The Canada Mortgage and Housing Corp. will be getting a new name in the coming months, part of a larger rebranding by the federal housing agency to better reflect its changing mandate.

Friday - Sep 18, 2020

Suspicious activity found on 48,000 CRA accounts a...

COVID Canada 20200406

The Treasury Board of Canada says it has uncovered suspicious activities on more than 48,000 Canada Revenue Agency accounts following cyberattacks in July and August.