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Royal Bank of Canada (RBC) economists Abbey Xu and Nathan Janzen note that Canada’s merchandise trade surplus increased to $4.2 billion in May from $3.4 billion in April, as exports grew and imports slipped. They highlight weaker energy price support, falling export volumes, and rising industrial machinery imports as signs of shifting demand and improving business investment within an uncertain trade environment. Surplus grows as volumes soften “Canada’s merchandise trade surplus widened to $4.2 billion in May from $3.4 billion in April (revised upward from $2.7B), as exports rose 0.9% while imports declined 0.2%.” “Still, monthly trade data are heavily influenced by commodity prices and individual product categories, making it important to look beyond headline values when assessing underlying conditions.” “Export volumes excluding price effects fell 0.5% in May, providing a clearer rea
The post Canadian Dollar sees through its own record surplus appeared on BitcoinEthereumNews.com.
Canada delivered the kind of trade headline that should have put a firm bid under the Loonie, and the currency barely noticed. Statistics Canada reported the merchandise trade surplus widened to $4.2 billion in May, a four-year high built on record exports worth $77.1 billion, yet the Canadian Dollar drifted lower on the session as USD/CAD held its ground near the 1.4200 handle. A surplus with an expiry date The disconnect makes sense the moment you look at what actually built the surplus. May’s export run was the fourth straight monthly gain, but it was a price story rather than a volume story, and the price doing the heavy lifting was Crude Oil, which has since surrendered most of the war premium that inflated those shipment values. In real, price-adjusted terms, exports were essentially flat on the month, and one bank desk was blunt enough to flag the print as the likely high watermark
The post Canadian Dollar steady as trade surplus, Fed outlook cap USD/CAD appeared on BitcoinEthereumNews.com.
USD/CAD trades around 1.4205 on Tuesday at the time of writing, virtually unchanged on the day, as investors balance encouraging Canadian economic data against a US Dollar (USD) that remains supported by monetary policy expectations and ongoing geopolitical tensions. Canada released stronger-than-expected trade figures. Merchandise exports rose 0.9% in May, while imports edged down 0.2%, allowing the trade surplus to widen to CAD$4.24B from an upwardly revised CAD$3.41B in April. This marks Canada’s third consecutive monthly trade surplus. Meanwhile, the Ivey Purchasing Managers Index (PMI) eased to 59.7 from 61.3 but remained firmly in expansion territory, signalling that economic activity continues to grow. Despite the upbeat domestic data, the Canadian Dollar (CAD) struggles to gain traction, although higher Oil prices are providing some support. West Texas Intermediate (WT
The post Bank of Canada: Policy seen on hold through 2026 – RBC appeared on BitcoinEthereumNews.com.
Royal Bank of Canada (RBC) economist Claire Fan notes that the Q2 2026 Bank of Canada Business Outlook Survey showed resilient sales and investment expectations despite earlier Oil price shocks. With Canadian growth picking up and core inflation still subdued, Fan argues the Bank of Canada (BoC) has little reason to change course and is likely to keep interest rates unchanged through 2026. Rates expected to stay unchanged “With economic growth picking up in Q2 after Q4-Q1 stagnation, and core inflation pressures remaining subdued in latest May, the case for BoC to move in either direction is weak.” “We continue to expect the central bank will opt to leave interest rates unchanged through 2026.” “The Q2 Bank of Canada Business Outlook Survey was conducted in May amid high oil prices due to conflict in the Middle East.” “Against that backdrop, results reflected the expected rising price e
The widening US trade deficit may exacerbate inflationary pressures, impacting consumer prices and eroding purchasing power.
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South Korean chipmaker Samsung Electronics posted record quarterly profits Tuesday thanks to the global AI infrastructure buildout coupled with a memory chip shortage. Also in this edition, oil futures rise as tensions reignite in the Hormuz Strait and Canada commits to its biggest-ever defence contract. Finally, Cuba experiences its third nationwide blackout of the year as its fuel reserves dwindle.
Japan's rare-earth supply concerns highlight the urgent need for diversification and collaboration to mitigate geopolitical risks and economic impacts.
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The eased inflation outlook may stabilize Canada's economic environment, potentially influencing monetary policy and business investment decisions.
The post Bank of Canada survey shows eased inflation outlook as firms breathe easier after Iran ceasefire appeared first on Crypto Briefing.
The rate cut and energy price drop may stabilize inflation, influencing long-term oil price forecasts and easing monetary policy pressures.
The post Bank of Israel cuts rate 25 bps amid US-Iran ceasefire, energy price drop appeared first on Crypto Briefing.
