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Canada enters surprise technical recession amid tariff uncertainty
Canada's economy posted a surprise contraction in the first quarter versus the year before, making it two straight quarters of annualized decline - which some economists call a technical recession - as the country struggles with U.S. tariff uncertainty. Gross domestic product declined at an annualized rate of 0.1% in the first quarter, Statistics Canada said on Friday, compared with a downwardly revised contraction of 1% in the fourth quarter of last year. Analysts polled by Reuters and the Bank of Canada had predicted first-quarter growth of a robust 1.5%. On a quarterly basis, first-quarter GDP was unchanged ... (full story)
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From @LiveSquawk|May 29, 2026|40 commentsA Political Understanding Has Been Reached Between Iran And US, But Has Not Yet Been Finalised – RTRS Citing Senior Iranian Source SENIOR SOURCE: THE DRAFT AGREEMENT BETWEEN THE UNITED STATES AND IRAN INCLUDES AN END TO THE WAR IN LEBANON SENIOR SOURCE: THE DRAFT AGREEMENT INCLUDES IRAN'S PLEDGE NOT TO POSSESS NUCLEAR WEAPONS
From exchangerates.org.uk|May 29, 2026Gold prices have staged a modest recovery after a volatile month, with spot gold (XAU/USD) climbing back above $4,500/oz. Despite recent weakness, analysts at RBC Capital Markets ...
From @financialjuice|May 29, 2026|61 commentsFars News: Informed sources have rejected Trump's new claims about a possible deal with Iran, describing his remarks as 'a mixture of truth and lies' and an attempt to portray a fake victory. Iran Denies Trump Claims On Nuclear Deal – Fars News pic.twitter.com/azKIhLPINK FARS, CITING SOURCES, SAYS TRUMP'S COMMENTS ARE AN 'ATTEMPT TO PORTRAY A FABRICATED VICTORY' FARS: IRAN HAS STRESSED THAT AFTER THE US BLOCKADE IS LIFTED, IT WILL REOPEN THE STRAIT OF HORMUZ ACCORDING TO ITS OWN PRE-DETERMINED ARRANGEMENTS FARS: IMMEDIATE PAYMENT OF $12 BILLION FROM IRAN'S FROZEN ASSETS IS INCLUDED IN MOU
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From @financialjuice|May 29, 2026|11 commentsIran's Foreign Ministry Spokesman Baghaei to state TV: At this stage, we are focused on ending the war; we are not negotiating over Iran's nuclear program. Iran's Foreign Ministry Spokesman Baghaei: No agreement has been finalised with the United States so far.
From @financialjuice|May 29, 2026|2 commentsFed's Daly: Important for the Fed to restore price stability, but not at the expense of harming the economy. Fed's Daly: Productivity growth is an important way for growth to expand, allowing companies to hire more workers.
From @financialjuice|May 29, 2026BoE Gov. Bailey: UK banks don't have access to Mythos. BoE Gov. Bailey: UK banks have access to other models. BoE Gov. Bailey: Glasswing phase 2 hasn't happened yet. BoE Gov. Bailey: There are signs of strains in private credit BoE Gov. Bailey: Stablecoin proposals before the summer.
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- May 29, 2026 11:52am Posted byFundamental Analysis169
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