US Treasury Details $97 Billion Yen Rescue Mechanism to Senator Warren
Treasury Secretary Bessent denies a US loan to Japan, detailing a yen asset swap instead of debt.
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Canada's Q2 GDP annualized rate misses forecast at 3.3%
Canada's second-quarter GDP grew at a 3.3% annualized rate, below expectations of 3.4%. June monthly GDP rose 0.3%.
28/08/2026 13:123 min read
- The previous quarter, Q1, posted a gain of 0.3%.
- Canada's gross domestic product expanded at a 3.3% annualized rate in the second quarter, falling short of the 3.4% that analysts had anticipated.
- The implicit price index increased by 2.5% quarter over quarter, up from a 1.2% rise in the preceding three-month period.
- On a monthly basis, June GDP rose 0.3%, surpassing the 0.2% forecast. The previous month's reading was also 0.3%.
- A preliminary estimate for July points to flat month-over-month growth at 0.0%.
Growth remained robust. The USDCAD pair is fluctuating in a narrow band. It holds above the 200-hour moving average at 1.3838 and the 200-day moving average at 1.38422, while trading below the 100-hour moving average at 1.3856.
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