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CAD Slips as Tariff Risk Overshadows Jobs Data

Key Takeaways: *Tariff Threat Weighs on Loonie: CAD slumps as Trump threatens 35% blanket tariff, reigniting trade uncertainty. *BoC Rate Cut Bets Fade: Strong jobs report tempers July rate cut odds, but CPI and trade risks may shift outlook. *Oil and Autos Drag CAD: Weak crude and auto-sector exposure add pressure as Windsor’s jobless rateContinue Reading
Euro Steadies as EU Delays Trade Retaliation

Key Takeaways: *EU Delays Response to Tariffs: Euro steadies as Brussels postpones retaliation, opting for diplomacy over escalation. *Growth Fragility Limits ECB: Stalled industrial output and weak GDP keep further easing on hold amid inflation risk. *Tariff Deadline Looms: EUR/USD holds 1.1665 support, with August 1 set to define trade path and sentiment. Market Summary:Continue Reading
Oil Rises as Sanctions Tighten Market Supply

Key Takeaways: *Geopolitical Risk Supports Prices: U.S. and EU sanctions on Russia tighten supply outlook, lifting oil despite added OPEC+ output. *Tariff Escalation Threatens Demand: Trump’s 30% duties on EU/Mexico stoke fears of slower travel and industrial activity, pressuring long-term demand. Market Summary: Crude oil prices continued to edge higher at the start of theContinue Reading
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