The Canadian dollar is gaining strength again, reaching a three-week high against the U.S. dollar as global risk sentiment improves. A mix of geopolitical developments, rising oil prices, and shifting investor expectations has pushed the loonie higher, while trade-related costs remain a key concern for businesses and consumers alike. Loonie Gains Momentum as Risk Appetite Continue reading
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Strait of Hormuz Fully Open: Trump and Iranian Foreign Minister Ease Global Oil Supply Fears
Tensions surrounding the Strait of Hormuz have taken a significant turn as both Donald Trump and Iran’s foreign minister confirmed that the Strait of Hormuz is “fully open,” easing concerns about a potential disruption to global energy markets. The Strait of Hormuz fully open status comes at a critical time, as global oil supply chains Continue reading