Alberta’s Premier Smith is optimistic about a US-Canada trade deal possibly before the G7 summit. This could stabilize trade and strengthen the Canadian dollar by reducing tariffs on steel. – vtmarketsmy.com
Economic activity is slowing, with mixed consumer spending and steady employment amid uncertainty. Tariffs are raising prices, affecting manufacturing and investment. Companies remain cautious about hiring and market direction. – vtmarketsmy.com
Bank of America predicts 150,000 job gains in May, above expectations but below April’s numbers, amid tariff-related hiring caution. The labor market remains stable, but uncertainty looms, suggesting careful investment strategy. – vtmarketsmy.com
Saudi Arabia plans to boost oil production by 411,000 barrels daily, aiming to strengthen market share, resulting in fluctuating oil prices. Watch for demand responses that could impact future volatility. – vtmarketsmy.com
Bank of Canada Governor Tiff Macklem highlights inflation volatility, urging focus on long-term trends. With a 40% chance of a July rate cut, he emphasizes cautious policy amidst economic uncertainties, including wildfires. – vtmarketsmy.com
US oil data shows a larger-than-expected drop in crude inventories, while gasoline and distillate stocks surged. This mixed signal suggests volatility ahead, as refiners struggle with demand predictions. – vtmarketsmy.com
Conflict persists with no ceasefire in sight, creating volatile conditions for traders in metals and energy markets. Diplomacy struggles as military tension rises, demanding careful navigation of unpredictable markets. – vtmarketsmy.com
The May 2025 ISM services index fell to 49.9, signaling potential economic slowdown. While consumer spending remains stable, rising costs and mixed sector responses raise concerns about future demand and inflation. – vtmarketsmy.com
The Bank of Canada held its interest rate at 2.75%, addressing trade uncertainty and inflation pressures. Caution prevails as consumer confidence drops, hinting at sluggish economic growth ahead. – vtmarketsmy.com
Negotiations between Greer and the EU are progressing rapidly, creating optimism in trade markets. Increased cooperation could signal a favorable outcome, influencing market sentiments and trading strategies significantly. – vtmarketsmy.com
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