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Economic data released on Friday showed the jobs in Canada rose by 39,800 in May, surpassing expectations. Analysts at CIBC, consider that recent economic data means that the Bank of Canada could raise its interest rates a little higher. Key Quotes: “A further solid rise in employment, decline in the …

The University of Michigan’s headline Consumer Sentiment Index slumped to 50.2 in June, its worst level since records began back in the 1970s, according to the preliminary release of the university’s widely followed monthly consumer survey. That was a large miss on the expected slight decline to 58.0 from 58.4 …

Oil prices rose on Friday and were on track to record new weekly gains, supported by strong demand for fuel in the United States, although new measures to combat Covid-19 in Shanghai and Beijing limited the gains. Brent crude rose 98 cents, or 0.8 percent, to $124.05 a barrel by …

The annual pace of inflation in the US rose to 8.6% in May according to the latest Consumer Price Index data released by the US Bureau of Labour Statistics on Friday. That was above the expected reading of 8.3%. MoM, the headline inflation rate was 1.0%, well above the expected …

The US Bureau of Labor Statistics will release the May Consumer Price Index (CPI) data on Friday, June 10 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming US inflation print. …

Turkey’s Treasury said on Friday that fighting inflation remains the top priority in its macroeconomic policies, after it, along with other state institutions, announced measures to support an economy suffering from high prices and a depreciating lira. The ministry announced that it would issue local bonds linked to government companies’ …

Japan’s Nikkei ended a 5-session winning streak on Friday, tracking Wall Street’s overnight decline as investors awaited key US inflation data that will guide the Fed’s monetary policy tightening path. The Nikkei index fell 1.49% to 27,824.29 points, falling below the key psychological level of 28000, and retreating from the …

The China Passenger Car Association (CPCA) said US electric car maker Tesla sold more than 32,000 Chinese-made cars in May, including 22,000 that were exported. The association added that the Tesla factory in Shanghai produced more than 33.5 thousand cars in May, an increase of 212% from April, and total …

The dollar fell Friday, June 10, as traders awaited the US inflation data that should provide indications of the path of monetary tightening at the Federal Reserve, and after the European Central announced the start of raising interest rates next month. The euro rose after its decline Thursday, June 9, …

Oil prices fell on Friday but remained close to three-month highs, as concerns about new anti-Covid-19 closures in Shanghai outweighed the impact of strong fuel demand in the United States, the world’s largest consumer. Brent crude futures for August delivery fell 77 cents, or 0.6 percent, to $122.30 a barrel …