Canadian Dollar Rebounds on Tuesday, Extends Choppy Trading Pattern

The Canadian Dollar (CAD) recovered ground on Tuesday after CAD traders shrugged off a slight misfire from Canadian Purchasing Managers Index (PMI) figures. Market sentiment is broadly picking up steam and carrying the Canadian Dollar into recovery mode.

FXStreet13:02 ET

Canada Insolvencies Climb 12.3% in May From Year Ago

Canadian insolvencies rose over 12% in May from a year ago, indicating households and businesses are struggling with higher interest rates.

WSJJul 2 10:57 ET

Canada July Rate Cut Remains A Strong Possibility -- Market Talk

0929 ET - Odds for a Bank of Canada rate cut in July took a hit after the May CPI report, which showed hotter-than-anticipated inflation.

WSJJul 2 09:29 ET

U.K.'s Price-Inflation Report Could Boost Hopes on Rate Cuts

U.K.'s Price-Inflation Report Could Boost Hopes on Rate Cuts 1040 GMT - NielsenIQ and the British Retail Consortium's latest report shows that U.K. shop-price inflation slowed to 0.2% in June from 0.

WSJJul 2 08:45 ET

The latest sign of inflation decline: only a 0.2% increase in shop prices in the United Kingdom in June.

Data released on Tuesday showed that the shop inflation rate in the United Kingdom in June fell to near-zero levels for the first time since October 2021, a new sign that household budget pressure is easing. According to data from the British Retail Consortium, shop prices rose only 0.2% in June, lower than 0.6% in May. This is partly due to the substantial discounts on general commodities such as television and the continued decline in food price inflation (from 3.2% in May to 2.5% in June) During the pandemic, it soared to record highs.

環球市場播報Jul 2 03:11 ET

New evidence of cooling inflation in the United Kingdom! Store prices are not rising, did the Bank of England stabilize with its first rate cut in August?

Zhixun Finance and Economics APP has learned that the inflation rate of British shops has dropped to near-zero levels for the first time since October 2021. This is a new sign that household budget pressure is easing. Data from the British Retail Association shows that shop prices only rose by 0.2% in June, lower than the 0.6% in May. This is partly due to significant discounts on commodities such as televisions and a continued slowdown in food price increases. The food price increase rate dropped from 3.2% in May to 2.5% in June. After soaring to record high levels during the pandemic, food price inflation is now at its lowest level since December 2021, thanks to yellow.

Zhitong FinanceJul 2 02:24 ET