Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
Dollar Dips as July Jobs Report Surprises with 23,000 Payroll Loss
July's jobs report showed a surprise loss of 23,000 payrolls, sending the dollar lower and Treasury yields down. Markets now see a higher ch
Mexico's inflation cools to 3.12% but core prices stay sticky
Mexico's headline inflation cooled to 3.12% in July, the lowest since May 2020, but core inflation stayed sticky at 3.95%. The central bank
Canada's July Jobs Beat Defies Tariff Worries as Unemployment Dips
Canada's labor market surprised to the upside in July, adding 75,100 jobs and pushing unemployment down to 6.4%. Wage growth cooled to 3.0%,
Dollar Holds Breath Ahead of July Jobs Report: What to Watch
The dollar is jittery as traders await July's jobs report, with payrolls seen up 80,000 and unemployment steady at 4.2%. The data could shif
Why Canada's jobs report may take a back seat to US payrolls
Canada's July jobs report drops at the same moment as US nonfarm payrolls. ING says currency traders will likely focus on the US data, which
France's unemployment rate hits 8.3%, highest since late 2020
France's unemployment rate climbed to 8.3% in the second quarter, its highest since late 2020, as 62,000 more people lost work. The rise was
China's July trade surplus beats forecasts despite narrowing
China's July trade surplus narrowed to $112.5 billion but still beat forecasts. Exports jumped 23.9% and imports rose 27.5% year over year,
July jobs report expected to show 80,000 payroll gain, steady unemployment
Friday's jobs report is expected to show 80,000 new payrolls in July, with unemployment holding at 4.2% and wage growth steady at 3.5%. Mixe
Alberta's job growth is led by health care and government, not oil
Alberta added 79,000 jobs year-over-year in June, but the gains came from health care and government, not oil and gas. RBC says energy hirin
AI spending lifts Canada's business investment plans to 30%
Canadian businesses are increasingly planning to boost machinery and equipment spending, with the net share hitting 30% in a Bank of Canada
Workers' share of US output hits record low as productivity outpaces pay
The BLS reported labor's share of output dropped to 52.9% in Q2, the lowest since 1947. Productivity gains outpaced wage growth, shifting mo
Jobless Claims Hold Near Multi-Year Low, Easing Recession Fears
US jobless claims held near multi-year lows last week, coming in at 199,000 versus the 205,000 economists expected. Continuing claims rose t