Canada’s Unemployment Rate Hits 7% in May 2025
Canada’s labor market showed signs of strain in May 2025, with the unemployment rate climbing to 7.0%, up from 6.9% in April. This marks the highest unemployment level since September 2021 — nearly four years ago — and exceeded economists’...
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Germany’s Trade Surplus Plummets in April 2025
Germany’s trade surplus took a sharp dive in April 2025, dropping to €14.6 billion, a significant fall from the revised €21.3 billion in March. This figure also missed market expectations of €20.2 billion — marking the lowest surplus since October...
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Canada’s Ivey PMI Dips Below 50 Again in May
Canada’s economy showed mixed signals in May, as the Ivey Purchasing Managers Index (PMI) ticked up to 48.9, up from April’s 47.9 — but still below the neutral 50 mark, indicating continued contraction for the second time since January. Interestingly,...
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Bank of Canada Holds Rate at 2.75% Amid Trade Uncertainty
The Bank of Canada (BoC) opted to keep its benchmark interest rate steady at 2.75% in its June 2025 meeting. This marks the second consecutive hold, following seven straight rate cuts totaling 225 basis points earlier this cycle. What Drove...
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ECB Kicks Off Rate Cuts with a 25 Basis Point Move
In a highly anticipated move, the European Central Bank (ECB) has lowered its key interest rates by 25 basis points, marking the first step in a cautious shift away from its long-standing tightening cycle. This decision, made during the ECB’s...
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