The summer calm will have to wait a little longer as the coming week is filled with crucial events. Canada and New Zealand are geared to raise interest rates, although their currencies are ultimately at Read more…
Canada’s central bank isn’t done raising interest rates. RBC (and markets) expect a 75 basis point increase when the BoC announces its next decision on Wednesday. That would be the largest single rise since the Read more…
Tesla’s billionaire CEO loves innovation and plays leading roles with his companies in transforming transportation. Elon Musk is once again at the center of discussions in business circles after a break of almost two weeks. The Read more…
How does a wealth tax work? Does one exist in the United States? Find out what this tax consists of and how it may affect what you pay. It’s likely you’ve heard the term “wealth Read more…
Buffett’s Berkshire Hathaway now owns a 18.7% stake in Occidental. Billionaire Warren Buffett could be among a small group of bullish energy investors since the Chairman and CEO of Berkshire Hathaway ( (BRK.A) – Get Berkshire Read more…
Markets A temporary EUR-setback in early European trading disturbed an otherwise calm run-up to the June payrolls report. EUR/USD set a new intraday/cycle/two decade low around 1.0070. There was quite some buzz on details from Read more…
Payroll employment rose by 372k; labour shortages still acute, evident by low unemployment rate at 3.6% Growth in wages from pre-pandemic soon to be outpaced by inflation, lowering real spending power Slowing consumer demand and Read more…
The Canadian labour market shed 43k positions in June. Of some (cold) comfort was the fact that nearly all of the losses (39.1k) were in part-time positions, with full-time employment down a more modest 4k Read more…
USD/CAD is back above the 1.3000 line on Friday, after weak Canadian job numbers and a strong US nonfarm payroll report. US nonfarm payrolls outperforms The week is wrapping up on a busy note, as Read more…
It continues to be a miserable July for EUR/USD, which has declined 3.12%. The euro continues to deliver fresh 20-year lows, dropping to 1.0071 late in the Asian session. The euro has since recovered most Read more…