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Canadian dollar will strengthen if progress made in USMCA review: Reuters poll

Canadian dollar will strengthen if progress made in USMCA review: Reuters poll

By Fergal Smith TORONTO, June 4 (Reuters) - Canada's dollar will strengthen over the coming year against its U.S. counterpart so long as the domestic economy recovers and progress is made in the review of a continental trade pact, a Reuters poll showed on Thursday.
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Reuters poll: BoC expected to hold rates through 2026, look past temporary inflation pressures

Reuters poll: BoC expected to hold rates through 2026, look past temporary inflation pressures

By Nushaiba Iqbal BENGALURU, June 5 - The Bank of Canada will hold its key overnight rate at 2.25% on June 10 and for the rest of the year, according to a majority of economists polled by Reuters, despite rising inflation risks stemming from a conflict-driven rise in energy prices.
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Canada adds 87,800 jobs, jobless rate down to 6.6%, beating May estimates

Canada adds 87,800 jobs, jobless rate down to 6.6%, beating May estimates

By Promit Mukherjee OTTAWA, June 5 (Reuters) - Canada's economy added 87,800 jobs and the unemployment rate fell back to 6.6% in May, data showed on Friday, defying widespread expectations and showing signs of some resilience despite signs of softer economic growth.
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Slower, but steady US job growth anticipated in May

Slower, but steady US job growth anticipated in May

By Lucia Mutikani WASHINGTON, June 5 (Reuters) - U.S. employment growth likely moderated in May after two straight months of strong gains, but the pace would probably remain consistent with stable labor market conditions.
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US jobs report for May will partly underpin Warsh's Fed debut

US jobs report for May will partly underpin Warsh's Fed debut

By Howard Schneider WASHINGTON, June 5 (Reuters) - Federal Reserve officials' waning concern about the job market, so intense at the start of the year that it supported calls by many of them for interest rate cuts, will be tested on Friday with new data that also frames the opening debate of Kevin
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Boston Fed Paper Highlights Shift in U.S. Economic Vulnerability to Oil Shocks

Boston Fed Paper Highlights Shift in U.S. Economic Vulnerability to Oil Shocks

Boston Fed Paper Highlights Shift in U.S. Economic Vulnerability to Oil Shocks
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Trump Administration Proposes New Tariffs Amid Global Trade Tensions

Trump Administration Proposes New Tariffs Amid Global Trade Tensions

The Trump administration has proposed new tariffs of up to 12.5% on imports from 60 economies, including Canada, citing failure to curb trade in goods made with forced labor. This move comes amid escalating global trade tensions and Middle East conflicts. The Canadian dollar has weakened to an eight-week low against the U.S. dollar, reflecting investor concerns. The proposal includes tariffs of 10% for some trading partners and 12.5% for others, such as China, Japan, and India. The plan is subject to public comment and hearings before any final decision.
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Japanese Yen Falls to 160 Level, Prompting Warnings from Officials Amid Middle East Tensions

Japanese Yen Falls to 160 Level, Prompting Warnings from Officials Amid Middle East Tensions

The Japanese yen has fallen to the critical 160 per dollar level, prompting warnings from Japanese authorities about potential intervention. This decline is attributed to the underlying strength of the U.S. dollar, which has been bolstered by recent hostilities in the Middle East. The U.S. reported that Iran launched ballistic missiles towards regional neighbors, which failed to hit targets, leading to U.S. retaliatory strikes on Qeshm Island. The yen's weakness is further exacerbated by Japan's reliance on imported energy, as rising oil prices typically weaken the yen. Despite a previous intervention by Japan involving 11.7 trillion yen ($73 billion) to support the currency, the yen has returned to this critical level. Prime Minister Sanae Takaichi has indicated that authorities are prepared to respond to exchange-rate movements as necessary. Bank of Japan Governor Ueda has also suggested that the central bank may need to consider raising interest rates if inflationary risks become more pronounced.
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Boston Fed Paper Highlights Inflation Risks Amid Middle East Conflict

Boston Fed Paper Highlights Inflation Risks Amid Middle East Conflict

Boston Fed Paper Highlights Inflation Risks Amid Middle East Conflict
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TD Securities Adjusts Gold Price Forecasts Amid Fed Rate Hike Expectations

TD Securities Adjusts Gold Price Forecasts Amid Fed Rate Hike Expectations

TD Securities Adjusts Gold Price Forecasts Amid Fed Rate Hike Expectations
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Trading Day: New high? Still a buy

Trading Day: New high? Still a buy

By Jamie McGeever ORLANDO, Florida, June 2 (Reuters) - World stocks rose to fresh peaks again on Tuesday as no major change in U.S.-Iran tensions, together with a general calm across currency and bond markets, encouraged investors to keep buying.
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Trump called Netanyahu ‘crazy’ and says Israel is complicating peace talks with Iran

Trump called Netanyahu ‘crazy’ and says Israel is complicating peace talks with Iran

President Donald Trump confirmed he called Israeli Prime Minister Benjamin Netanyahu “crazy," and that he's unhappy that Israel's fighting with Hezbollah in Lebanon is holding back peace talks with Iran