Forex News
Reflationary theme is boosting commodity currencies: BofA Securities
Claudio Piron of BofA Securities says the U.S. dollar isn't the only currency set to benefit from the reflationary theme. It's also driving strength in commodity currencies.
Strong Fed messaging helping stock market momentum: Strategist
Ben Emons from Medley Global Advisors explains why expectations for Fed tapering isn't causing concerns for the market.
Fed's tapering won't move U.S. Treasury yields, may bring selloffs in emerging markets: HSBC
Steven Major of HSBC says the market has already priced in Fed's taping sometime this year. Treasury yields could potentially fall later this year because optimism in Q1 has frontloaded the view for Q2.
UBS sees continued strengthening for the Singapore dollar
UBS Global Wealth's Dominic Schnider foresees the USD/SGD pair to trade in the range of $1.30-$1.31 later in the year.
Markets & Economics
U.S. Chamber of Commerce blames weak jobs report on enhanced unemployment benefit, kicks off lobbying effort
The U.S. Chamber of Commerce blamed a $300-per-week federal jobless benefit for ...
Labor secretary says pandemic is still weighing on economy but confidence is coming back
Labor Secretary Marty Walsh said after April's disappointing jobs report that in...
Here's where the jobs are — in one chart
U.S. firms hired far fewer workers than expected in April, as employers struggle...
April's expected hiring boom goes bust as nonfarm payroll gain falls well short of estimates
Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much l...
Canadian Business
Young people forced to get creative as COVID-19 di...
When it comes to jobs, young people have been hit hard by the pandemic. New data from Statistics Canada finds 101,000 jobs were lost for those aged 15-24 in April. That's setting up a tricky summer for many young people who typically rely on finding work in restaurants, hotels and summer camps.
Amazon postpones Prime Day in Canada due to COVID-...
Amazon's annual Prime Day marketing event in Canada has been put on hold this year amid ongoing COVID-19 outbreaks at its facilities in Ontario's Peel Region.
New COVID lockdowns took a big bite out of Canada'...
Canada's economy lost 207,000 jobs in April, as a new round of government-ordered lockdowns forced businesses to lay off workers.
Tourism in Ontario's Prince Edward County is boomi...
Small business owners in Prince Edward County are now routinely arranging or offering housing to try to secure summer staff who would otherwise be priced out of its booming housing market.
America faces employment conundrum amid COVID-19 r...
America's employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers as the economic recovery strengthens.
Canadian dollar tops 82 cents for 1st time since 2...
The Canadian dollar hit its highest level in almost four years on Thursday, buoyed by high commodity prices.