Forex News
US dollar has a 'powerful set of fundamentals', says Nomura
Andrew Ticehurst of Nomura expects U.S. dollar strength to remain in the near term, and believes intervention risk is growing for the Japanese yen as it weakens against the USD.
Goldman Sachs strategist does not believe Chinese equity markets are 'uninvestable'
Caesar Maasry, Head of EM Cross-Asset Strategy at Goldman Sachs discusses how investors should find the opportunities in the Chinese equity markets.
Strategist explains what's behind the U.S. dollar's strength
Heng Koon How, head of markets strategy at UOB, says foreign exchange market moves in the past month have been mostly driven by interest rate differentials.
De-dollarization still a long way off, Indian minister says after BRICS talk of a common currency
Despite trades in the oil markets done in the yuan and rupee, the U.S. dollar will still remain the mainstay of oil trades.
Markets & Economics
Private payrolls rose 89,000 in September, far below expectations, ADP says
The total was down from an upwardly revised 180,000 in August and below the 160,...
The Fed's favorite inflation indicator rose less than expected in August
The personal consumption expenditures (PCE) price index excluding food and energ...
U.S. Latino economic output grows to $3.2 trillion, according to new study
If Latinos were an independent country their GDP would rank fifth in the world, ...
The U.S. is weaker now than when we downgraded in 2011, former S&P ratings chairman says
The U.S. is in a weaker position now than when S&P downgraded its sovereign cred...
Canadian Business
WestJet suspends flights between Toronto and Montr...
WestJet is temporarily suspending flights between Canada's two biggest cities this winter, but plans to resume service between Toronto and Montreal next spring.
Year of strikes continues as 75,000 Kaiser Permane...
The largest ever strike in the U.S. health care sector is set to start on Wednesday as 75,000 workers at Kaiser Permanente in a handful of states walk off the job demanding better wages.
CN Rail's network restored after failure halted To...
Tens of thousands of commuters in Ontario who use GO Transit faced cancellations or long delays Tuesday because of CN Rail's "network-wide system failure," which the company said was later restored.
Constant price hikes are making inflation worse, B...
Bank of Canada deputy governor Nicolas Vincent says businesses raising their prices more frequently than they did before the pandemic is contributing to higher-than-expected inflation.
TSX slumps to lowest level in more than a year as ...
The Toronto Stock Exchange's main stock index has given up all of its gains for 2023, as investors head for the exits as the realization that high interest rates are going to stick around settles in.
CRTC registration for podcasts and streaming compa...
Canada's broadcasting regulator is obligating online streamers and podcast companies to provide registration information to them. But the new requirements are also inviting speculation that heavier regulation of content from online streamers and podcast companies is coming.