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Forex News

Friday October 23, 2020

China, Taiwan and Hong Kong set to outperform in next few months: Credit Suisse

Even as markets get choppy, Asia will lead the way with better recovery momentum from the coronavirus pandemic, says Ray Farris of Credit Suisse.

Friday October 23, 2020

Euro-U.S. dollar to hit 1.20-1.30 range in 2021: Societe Generale

Support for the U.S. dollar has eroded over the past decade and the greenback is currently at the start of a downward adjustment, says Jason Daw of Societe Generale.

Thursday October 22, 2020

Dollar denominated Asian bonds remain attractive: Strategist

Mary Nicola of PineBridge Investments explains that the lingering uncertainty linked to virus management in Asia makes U.S. dollar denominated Asian bonds more attractive than their local currency counterparts

Thursday October 22, 2020

A Brexit trade deal will be a 'win-win' for the UK and EU: Maybank

Saktiandi Supaat of Maybank discusses the sterling's outlook in light of a possible Brexit trade deal and also outlook on the Korean won.

Markets & Economics

Thursday October 22, 2020

Unemployment claims are down. It’s not all for good reasons

About 1 million fewer workers were collecting state unemployment benefits the we...

Thursday October 22, 2020

September existing home sales jump 9.4%, but 'prices are rising too fast' as supply remains tight

The inventory of homes for sale fell 19.2% annually to just 1.47 million homes f...

Thursday October 22, 2020

Weekly jobless claims drop to nearly their lowest level since the pandemic started in March

New filings for jobless claims in the U.S. totaled 787,000 last week, nearly the...

Thursday October 22, 2020

Economic recovery could slow in Q4 after 'steroid of fiscal stimulus' fades, JPMorgan Asset Management says

JPMorgan Asset Management's David Kelly told CNBC the U.S. will get a stimulus p...

Canadian Business

Saturday - Oct 24, 2020

Hospitality workers urge Ottawa to put employees f...

hospitality worker protest

Canada’s hard-hit hospitality industry is asking for more help from government to survive the economic impact of COVID-19. But even as hotel owners are seeking more aid from Ottawa, some of their workers say they’re not making good use of relief programs already out there.

Friday - Oct 23, 2020

Le Château goes bust, becoming latest retail vict...

Le Chateau

Retailer Le Château is seeking court protection from its creditors while it winds down its operations and liquidates its assets.

Friday - Oct 23, 2020

EU shutting Canadians out a wake-up call to ramp u...

COVID Que 20200927

While Canada is still faring better than many countries, it has lost its coveted image as a nation widely recognized as having flattened the COVID-19 curve after EU removes Canadians from its list of approved travellers.

Friday - Oct 23, 2020

Mark Carney says smart money needs better tools to...

Mark Carney

The UN’s Special Envoy on Climate Action and Finance lays out “the greatest commercial opportunity of our times” and where Canada can lead.

Thursday - Oct 22, 2020

Canada officially removed from EU's permissible tr...

COVID travel

The European Union officially removed Canada from a list of countries that should not be subjected to incoming travel restrictions during the COVID-19 pandemic.

Thursday - Oct 22, 2020

U.S. oil giant Exxon set to announce layoffs in Ca...

EXXON MOBIL-SPENDING/

Exxon Mobil Corp is "very close" to completing its workforce appraisals in the United States and Canada and expects to unveil job cuts, its chief executive told employees in an email on Wednesday.