Canada's PM Carney: Canadian interactions with the US this week show a level of engagement and a breadth of engagement that reflects the seriousness of the trade relationship. Canada's Pm Carney: Everything Is On The Table If There Is No Deal On The Latest Tariffs Threat From The Us.

The Trump administration is exploring the removal of Federal Reserve Governor Michael Barr, Bloomberg News reported on the 22nd, citing multiple sources. The focus is an external investigation by the Fed into the spring 2023 collapse of Silicon Valley Bank (SVB), with the move seen as an effort to hold Barr accountable—he was the Fed's Vice Chair for ...

The renminbi’s future as an international currency and questions about whether it might dethrone the dollar have long captivated students of the international monetary system. But while renminbi internationalisation has advanced, the record is spotty and the gains modest. Progress towards creating a fully internationalised currency – a means of payment, a ...

The European Central Bank kept borrowing costs on hold on Thursday but left room for more tightening in the coming months as a widening conflict in the Middle East pushed up energy prices again. The ECB kept its deposit rate at 2.25% but said it was "closely monitoring the intensity and duration of the shock, as well as its indirect and second-round ...

Bond yields continued to climb on Thursday as oil prices rose amid an escalating conflict in the Middle East. The 10-year yield (^TNX), used as a benchmark for mortgage and loan rates, rose to 4.7% on Thursday, the highest level since January 2025. The 30-year yield (^TYX) climbed to 5.19%, its highest level since May. The long-dated bond notched its ...

Freeport-McMoRan beat Wall Street estimates for second-quarter profit on Thursday, as higher copper prices offset lower production at its Grasberg mine in Indonesia. Shares of the company were up 1.4% in premarket trading. Average copper prices climbed 41.5% year-on-year in the second quarter, driven by supply concerns, signs of resilient demand from top ...

Trump to Israel's Channel 12 News: I am considering a massive attack. Larger than anything that has been done before. I am close to making a decision. President Trump told Axios on Thursday that he is seriously considering restarting major combat operations in Iran including strikes that would be bigger than the ones carried out during "Operation Epic Fury." Why it matters: In a brief interview, Trump acknowledged that such a decision would have consequences and stressed he hasn't made a determination yet. Trump didn't give a deadline for his decision. Two other U.S. officials confirmed no call has been made and no new orders have been given to the military. Trump Tells Axios That Iran Is Not Ready To Make A Deal.

The United States continued to hit Iran for a 12th consecutive night early on Thursday, and Iran retaliated, striking targets across the Gulf, particularly in Kuwait and Jordan. Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Thursday that an explosion set a tanker ablaze in the Strait of Hormuz after it attempted to navigate the southern route off ...

Copper gave up early gains to trade lower on Thursday, tracking equity markets downwards after oil prices hit their highest in more than seven weeks on escalating hostilities in the Middle East. Benchmark three-month copper on the London Metal Exchange was down 0.6% at $13,725.50 a metric ton at 0930 GMT, having climbed as much as 0.5% earlier in the ...

Precious metal prices retreated Thursday following the previous session’s climb to a two-week peak. New York futures contracts declined approximately 1% to reach $4,110 per troy ounce during early market hours. The downturn followed a robust 3% gain across the prior two trading sessions. Bargain seekers entered positions even as strengthening U.S. Treasury ...

In July 2026, DG ECFIN’s flash estimate1 of the consumer confidence indicator2 continued its recovery in both the EU (up 1.9 percentage points (pps) from June, to -15.1) and the euro area (+1.7 pps, to -15.9).3 Despite three consecutive months of improvement, consumer confidence has not yet recovered the losses incurred since February and remains below its ...

Analysts at UBS remain bullish on the price of gold in 2026-2027 despite recent weakness, arguing that the latest correction offers investors an opportunity to add exposure rather than abandon the precious metal. The bank forecasts the gold price rising from around $4,000 per ounce today to $5,200 by June 2027, even as higher oil prices and expectations for ...