Asian markets wait on US jobs data as dollar holds firm
Asian trading was subdued as investors awaited US payrolls, the dollar stayed firm, and Tokyo's core CPI hit a 10-month high.
39 min ago12 min read
Canadian Economy Flat in July, Matching Forecasts
Canada's GDP was unchanged in July, matching expectations. An August flash estimate points to a 0.2% gain.
29/09/2026 12:423 min read
- Prior month's reading was revised to +0.4% from an initial +0.3%.
- A flash estimate for August points to a +0.2% increase.
- Construction in July rose +1.3%.
- Utilities gained +1.7%.
- Manufacturing fell -0.9%, hurt by refinery outages.
- Retail trade declined -1.0%, led by a -3.5% drop at gasoline stations.
- Wholesale trade slipped -0.4%.
The flat July reading is solid given the upward revision to June and the encouraging flash estimate for August, which was underpinned by stronger mining and retail trade. USD/CAD climbed 7 pips to 1.4179.
In July, the goods-producing sector was little changed, as gains in construction and utilities offset declines elsewhere. The services-producing sector also held steady, with increases across several industries cancelling out drops in retail and wholesale trade.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Related articles
Citi Research Sees Weaker Case for Aggressive Fed Rate Hikes
Citi Research questions if the Fed needs the aggressive rate hikes markets are pricing in, despite forecasting 3.5% inflation.
1 h ago9 min read
Katayama to review 7 trillion yen idle funds; Kiuchi says no more excessive easing
Japan's finance minister Katayama pledges to review 7 trillion yen idle funds, while economy minister Kiuchi says Japan no longer needs excessively loose…
1 h ago13 min read
30-Year TIPS Yield 3.35% as Equity Premium Shrinks
30-year TIPS yield 3.35% real, cutting stock premium to 1.65 points; Siegel says Fed needs two more hikes.
1 h ago8 min read