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Forex News

Tuesday May 26, 2020

Increase risk premium in some Asian currencies: BofA Securities

Adarsh Sinha of BOFA Securities discusses his top trades in Asia currency markets in an environment of rising U.S.-China tensions.

Thursday May 21, 2020

Too risky to consider shifting Hong Kong's dollar peg: UBS

UBS Global Wealth Management's Tan Teck Leng discusses the repercussions of shifting the Hong Kong dollar's peg to the greenback after Beijing signals national security legislation for Hong Kong at the Chinese parliament's annual session.

Wednesday May 20, 2020

The greenback will remain strong, despite domestic economic troubles: Maybank

Saktiandi Supaat of Maybank discusses his outlook for the U.S. dollar given the current economic environment.

Tuesday May 19, 2020

Expect continued weakness in Chinese yuan as trade tensions persist: Strategist

Rodrigo Catril, currency strategist at NAB, explains why the Chinese yuan could trade above 7.10 against the U.S. dollar as trade tensions increase.

Markets & Economics

Thursday May 21, 2020

May unemployment looks worse than expected, signaling another bad jobs report could be coming

So far, state reopenings have not helped stem the rise in unemployment, which is...

Thursday May 21, 2020

Second wave of coronavirus infections could cause a worse economic disaster, experts warn

States across the country began reopening parts of their economies as early as A...

Thursday May 21, 2020

Mitch McConnell says next coronavirus bill will not extend enhanced unemployment benefits

House Democrats passed a bill last week to extend the enhanced $600 per week une...

Thursday May 21, 2020

Home sales dropped nearly 18% in April, while decline in inventory pushed prices to a record high

The economic fallout from the coronavirus hit the housing market hard in April....

Canadian Business

Tuesday - May 26, 2020

Torstar agrees to $52M sale to NordStar Capital...

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Torstar Corp., owner of the Toronto Star and a number of other daily newspapers, says it has agreed to be sold to NordStar Capital for $52 million. 

Tuesday - May 26, 2020

Vancouver model for money laundering unprecedented...

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The so-called Vancouver model is an outlier in the history of Canadian crime, a criminologist told B.C.’s public inquiry on money laundering Tuesday.

Tuesday - May 26, 2020

CPP adds $17B to assets now worth more than $409B ...

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The Canada Pension Plan earned a return of 3.1 per cent after expenses during the financial year ended March 31, the board that manages the fund's money reported Tuesday.

Tuesday - May 26, 2020

Scotiabank profit falls 40% as bad loans more than...

Scotiabank

Scotiabank posted a profit of $1.32 billion in the three months up to the end of April, a fall of more than 40 per cent from last year's level as the bank had to set aside twice as much money for bad loans.

Tuesday - May 26, 2020

Devastated by the pandemic, Canada's hotels make p...

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Canadian hotels are tightening up their cleaning protocols and hoping to welcome some pandemic-fatigued travellers desperate to get out of the house for a few days this summer.

Monday - May 25, 2020

Malls are reopening — but will shoppers come bac...

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Malls across the country are beginning to open their doors after weeks of government-mandated shutdowns, but both operators and retail tenants are stepping into uncharted territory amid the COVID-19 pandemic.