Investing.com -- Canada’s merchandise trade surplus narrowed sharply in July as exports fell for the first time in six months while imports rose, signalling renewed pressure on trade as the country faces heightened tariff uncertainty with the United States.
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Inbesting.com -- Canada’s annual inflation rate accelerated less than anticipated in April as underlying price pressures showed signs of cooling. According to data from Statistics Canada, the consumer price index rose 2.8% from a year earlier, marking its fastest pace since May 2024 but falling short of the 3.1% rate economists surveyed by Bloomberg expected. Higher energy prices, particularly for gasoline, served as the primary driver behind the acceleration in the headline figure. Geopolitical
Investing.com -- A major liquidation event targeting long orders flushed massive leverage across the digital asset market overnight, forcing Bitcoin down near the $78,000 mark. The world’s leading crypto was trading at $78,030.1 as of 05:51 ET (09:51 GMT).