Statistics Canada’s July Labour Force Survey showed 75,000 new jobs and an unemployment rate of 6.4%, led by Ontario’s strongest monthly gain of the year.
Category: Economy
Posted inEconomy
US Economy Sheds 23,000 Jobs in July, First Drop in Months
American employers shed 23,000 nonfarm payroll jobs in July, the Bureau of Labor Statistics reported on August 7, 2026, sharply missing forecasts and marking the first monthly payroll decline of the year.
Posted inEconomy
Brazil Cuts Selic to 14% for Fourth Consecutive Meeting
Brazil’s Copom cut the Selic to 14% on 5 August, a fourth straight quarter-point reduction completing 100 basis points of easing since March 2026.
Posted inEconomy
US Trade Deficit Narrows to $73.3 Billion in June as Imports Slow
The US goods and services deficit fell to $73.3 billion in June 2026, down $4.4 billion from May, as import volumes contracted faster than exports, according to BEA data released August 4.
Posted inEconomy
Eurozone Inflation Climbs to 2.9% in July as Energy Prices Surge 10%
Eurostat’s flash estimate shows eurozone annual inflation edging up to 2.9% in July, driven by a 10% year-on-year jump in energy prices, complicating the ECB’s path back toward its 2% target.
Posted inEconomy
US Manufacturing PMI Reaches Four-Year High of 55.6% in July
The ISM’s July manufacturing index rose to 55.6%, a four-year high, as factory employment expanded for the first time in nearly three years.
Posted inEconomy
China’s Factory and Services Activity Both Contract in July for First Time This Year
China’s manufacturing PMI fell to 49.2 in July and non-manufacturing to 49.0, the first month this year that both measures have contracted simultaneously.
Posted inEconomy
Bank of England Holds at 3.75% as Hawkish Dissent Grows to Three MPC Members
The Bank of England kept its benchmark rate at 3.75% on July 30, but a surprise 6-3 vote split — with three MPC members pushing for a hike to 4% — signalled the committee is leaning hawkish.
Posted inEconomy
Tokyo Inflation Quickens a Second Month, Keeping the BOJ on Track for Another Hike
Tokyo’s core consumer prices rose 2.4% year-on-year in August, a second consecutive monthly acceleration driven by utility subsidy phase-outs and surging rice prices, reinforcing expectations for a BOJ rate hike.
Posted inEconomy
US Economy Grew 1.5% in Q2, Missing Forecasts as Government Spending Fell
US real GDP grew at a 1.5% annualised rate in the second quarter of 2026, the Bureau of Economic Analysis reported on July 30, missing the 2.1% consensus forecast and slowing from Q1’s matching pace, though private domestic demand accelerated sharply.