Canada - Page 2
38 articles
Canadian Dollar Holds Firm as Energy Costs Push Inflation to 3.0%
Canada's inflation rate accelerated to 3.0% in July, driven by surging energy prices, but the Canadian Dollar's gains remained limited as core inflation stayed near the Bank of Canada's target, reducing pressure for an immediate rate hike
Pound Weakens Against Canadian Dollar as Tariffs and Inflation Loom
The pound-to-Canadian dollar rate has slipped below key support as Canadian inflation and a US tariff deadline approach, raising new questions about the near-term direction for GBP/CAD and the resilience of sterling.
Canadian Dollar Briefly Strengthens as July Inflation Exceeds Forecasts
Canada's dollar touched its highest level since early June after July inflation data surpassed expectations, but the gains faded as markets weighed stable core inflation and upcoming trade risks
Revolut Gains French Banking Licence as Bunq Faces US Setback
Major developments in global banking this week include Revolut's full French licence, Bunq's US charter rejection, Bank of America's $1.9bn move into India, and a $1.44bn sale of Moneris in Canada, with executive changes at NAB also in focus
World Coins in Everyday Change Reveal Global Histories
Coins from Sierra Leone, Jamaica, Colombia, Mexico, Canada, and Germany found in loose change offer a tangible link to global histories, political shifts, and cultural identities, highlighting how everyday money connects us to distant places and past events
Pound Sterling Holds Near 1.35 as UK Growth Data Fails to Convince
Sterling remains close to 1.35 against the US dollar after UK GDP growth outpaces expectations, but uneven gains and cautious market sentiment highlight ongoing risks from inflation, energy prices, and global economic uncertainty
Fintech Funding Drives Expansion in Private Credit and Payments
Recent funding rounds are reshaping fintech, with new capital supporting private credit platforms, rent-to-own vehicle solutions, and AI-driven automation for banks and businesses across multiple continents
USD/CAD Outlook: UBS Sees Room for Dollar Gains on Rate Gap
UBS expects the US dollar to strengthen against the Canadian dollar, citing interest rate differentials and a cautious stance from both central banks as key factors shaping the USD/CAD exchange rate in the coming months
National Bank of Canada Unifies Fund Services With Multifonds Platform
National Bank of Canada is overhauling its fund and ETF administration by adopting Multifonds' centralized platform, aiming to streamline operations, reduce manual processes, and strengthen oversight across multiple jurisdictions
Canadian Dollar Faces Political Risk as Quebec and Alberta Vote Looms
Upcoming votes in Quebec and Alberta are adding a political risk premium to the Canadian Dollar, with October's referendums and elections set to influence the currency's direction and volatility for international payments and business.
Canadian Dollar Holds Firm as Oil Prices and Jobs Data Support Gains
The Canadian dollar remains close to its strongest level in eight weeks against the US dollar, as rising oil prices and robust employment figures provide support amid ongoing trade discussions with the United States
Visa Moves to Acquire BioCatch as TMX Group Reshapes US Markets
Visa's planned $2.4 billion acquisition of BioCatch and TMX Group's $800 million investment in MEMX highlight a week of major fintech deals, regulatory fines, and new banking ventures with global implications for payments and compliance
Canadian Dollar Expected to Stay Stable Before Modest Strengthening
Analysts anticipate the Canadian dollar will hold its ground against the US dollar in the coming months, with only gradual appreciation forecast over the next year as economic differences between Canada and the US narrow
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