Canada: Labour market steadying with modest improvement – RBC

The post A16z’s Marc Andreessen joins Fed task force on AI and jobs appeared on BitcoinEthereumNews.com. The Federal Reserve has named Andreessen Horowitz co-founder Marc Andreessen to help lead a task force studying artificial intelligence, productivity and employment. Summary Marc Andreessen will co-lead a Federal Reserve task force examining AI, productivity and American employment. Stanford economist Charles Jones and Microsoft executive Asha Sharma will serve alongside Andreessen on the panel. The review comes as Fed officials debate whether AI will ease inflation or raise costs. The Federal Reserve announced the appointment on July 9. The panel forms part of Fed Chair Kevin Warsh’s broader review of how the central bank makes monetary policy decisions. Andreessen will serve on the Productivity and Jobs task force with Stanford University economist Charles I. Jones and Microsoft executive Asha Sharma. NEWS: Fed Chair Kevin Warsh appoints a16z founder Marc Andreessen to co-lead the

The Federal Reserve named a16z founder Marc Andreessen to a task force studying AI’s effects on productivity, employment and monetary policy.

The post Canada: Stable card trends support cautious optimism – RBC appeared on BitcoinEthereumNews.com. Royal Bank of Canada (RBC) analysts Abbey Xu and Rachel Battaglia report that June spending by RBC Canadian cardholders remained relatively stable, with core retail sales up modestly. Discretionary goods led gains, while essential spending including gasoline also contributed. Excluding gasoline, essential spending improved, and households appear cautiously optimistic into summer despite higher energy prices and selectivity on larger discretionary purchases. Card data show steady retail momentum “Growth in RBC Canadian cardholder spending held relatively stable in June as consumers continued to balance higher costs for essentials while selectively spending on seasonal experiences such as sporting events.” “Our estimate of core retail sales from cardholder transactions (excluding purchases of gasoline and autos) edged up 0.5% in June on a three-month average, similar to May, suggestin

The post Canada Net Change in Employment came in at 18.2K, above forecasts (10K) in June appeared on BitcoinEthereumNews.com. EUR/USD struggles to gather bullish momentum on Friday and trades in a relatively tight range above 1.1400. In the absence of high-tier data releases, the uncertainty surrounding the US-Iran conflict causes investors to cling to a cautious stance and limits the pair’s upside. Later in the day, the Federal Reserve will publish its Semiannual Monetary Policy Report. Source: https://www.fxstreet.com/news/canada-net-change-in-employment-came-in-at-182k-above-forecasts-10k-in-june-202607101230

Canada's job growth and declining unemployment may delay rate cuts, impacting currency dynamics and potentially benefiting crypto markets. The post Canada adds 18,200 jobs in June as unemployment rate dips, setting stage for Bank of Canada rate decision appeared first on Crypto Briefing.

The post Canadian Dollar: Softer Canada jobs seen weigh against US Dollar – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman’s (BBH) Elias Haddad describes USD/CAD trading just below 1.4200 and broadly aligned with US-Canada two-year yield spreads ahead of June labor data. Haddad expects a sharp slowdown in job gains to 10k and sees scope for markets to pare Bank of Canada hike pricing, arguing this adjustment would leave USD/CAD biased higher in coming sessions. Labor data risk skewed to upside “USD/CAD is directionless just under 1.4200.” “Canada’s June labor force survey is the domestic highlight (1:30pm London, 8:30am New York). The economy is expected to add +10.0k jobs in June vs. +87.8k in May and the unemployment rate is forecast to remain at 6.6% for a second straight month.” “USD/CAD is trading in line with US-Canada 2-year bond yield differentials. But there is room for Bank of Canada rate hikes bets (50bps in the next twelve months) to adjust lower, leaving

The post Forex Today: US Dollar extends correction as US-Iran conflict remains under spotlight appeared on BitcoinEthereumNews.com. Here is what you need to know on Friday, July 10: The action in financial markets remain choppy heading into the weekend as participants refrain from committing to large positions due to the uncertainty surrounding the conflict between Iran and the United States (US). In the second half of the day, June labor market report from Canada will be the only data release that could trigger a market reaction. The US Dollar (USD) Index registered marginal losses on Thursday. In the absence of high-impact data releases, the risk-positive market atmosphere, as reflected by the bullish action seen in Wall Street’s main indexes, made it difficult for the USD to stay resilient against its peers. Early Friday, US stock index futures trade mixed, while the USD Index stays in the red at around 100.75. US Dollar Price This week The table below shows the percentage change of

The post [Canada unemployment expected to remain steady in June appeared on BitcoinEthereumNews.com. Markets are anticipating a fairly stable report when Statistics Canada releases its Labour Force Survey on Friday. While the Net Change in Employment is predicted to rise by 10K in June, adding to the 87.8K gain in May, the Unemployment Rate is forecast to stay at 6.6%. Despite the report’s tone, the Bank of Canada (BoC) should keep the bar pretty high for changing its policy direction. Indeed, the central bank is expected to keep its policy unchanged at its July 15 meeting, following five consecutive ‘on hold’ decisions since it last lowered rates in October 2025. The June meeting reinforced the view that the BoC is firmly in wait-and-see mode. That said, policymakers seem willing to look through temporary shocks as long as underlying price pressures remain contained, even as they continue to monitor inflation risks, especially from higher energy prices. With the economy still showing