GBP/CAD

Over the past several years, Wall Street and Washington, D.C., have grown used to being able to reliably predict what the Federal Reserve would do at its interest-rate meeting, weeks before the gathering took place. But now we're in a new era. Instead of guiding the market toward the likely outcome of the upcoming meeting, the new Fed chair, Kevin Warsh, ...

Canada’s insurance industry is renewing calls for governments to invest in flood protection after severe storms and flooding across Canada caused more than $1.1 billion in insured damage in June. Insurers estimate the June 9 and 10 storms in Manitoba and Saskatchewan caused more than $728 million in insured losses, while flooding in Montreal and surrounding ...

Mexico’s Foreign Affairs Minister Roberto Velasco Alvarez says his government will engage in trilateral talks with the U.S. and Canada on the continental trade pact when “it’s appropriate.” The Trump administration opted not to renew the Canada-U.S.-Mexico Agreement on trade, better known as CUSMA, at the start of July. That triggered rolling annual reviews ...

This is an unusual time for markets, with a reasonable debate for both sides on whether the next move by central banks will be to hike or cut interest rates. Certainly, markets are leaning to at least one hike by the Fed and perhaps half of one by the Bank of Canada by the end of 2026, but there’s not much conviction. All it would take to wash away those ...

A Hudson Bay Capital think piece by Roubini and Miran is normally a five-alarm macro bin fire, except their latest also has the highly respected Peter Ireland as co-author. The paper, A return to monetarism?, reads very much like something Peter would write and nothing at all like anything Roubini or Miran have produced before. But if Peter has brought them ...

Moneta Markets Capital, the FCA-authorised UK subsidiary of Moneta Markets, reported turnover of £780,000 for the financial year ended 31 March 2026, up 118% from £358,425 a year earlier, according to accounts filed with Companies House. The company returned to profit, posting £77,386 against a £100,708 loss in FY2025. Operating profit reached £71,533, ...

Markets are pricing in at least one more interest-rate increase from the U.S. Federal Reserve this year following hotter inflation data and a more hawkish tone from policymakers. Consumer prices rose 3.5% in the year through June, less than markets expected and a slowdown from 4.2% in May, which was the highest annual increase in three years. Meanwhile, new ...

The World Cup is over. Well, it is for England anyway. And if, like me, you’re still coming to terms with yet another World Cup disappointment, the BBC had some advice this week: Focus on the wins! Not helpful if you’re German or Dutch (there just weren’t very many – sorry guys!). And perhaps best not to mention “there’s always next time” to the Italians – ...

A railway project has opened an unexpected window into Roman Britain after archaeologists uncovered a rare coin and other artifacts dating back nearly 2,000 years. The discoveries, made in Bedfordshire and Cambridgeshire in the United Kingdom, were announced by East West Rail on July 1. Construction workers are currently restoring and building rail links ...

This morning has brought news on an issue that is usually apart from on here hidden in the shadows. In the Covid pandemic period central banks became Lords of all they surveyed in government bond markets. Along the way they became very popular in establishment circles as these purchases drove bond yields lower and allowed governments to borrow very cheaply ...