Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability.
MUFG’s Lloyd Chan notes that softer US inflation data has weakened the Dollar and lowered Fed rate hike expectations, but USD/THB has still broken above 33.50. He highlights Thailand’s low carry, deteriorating terms of trade from higher Oil prices, increased growth risks from Middle East tensions, and valuation metrics indicating the Baht remains modestly overvalued,…
What’s going on with the UK economy? For the second month in a row, Inflation data has come in better than expected. Whilst the Bank of England expected a rise in inflation, the UK is seeing lower inflation, despite the Iran war and rising transport prices. For years it was the opposite, inflation higher than…
Minutes Item 1 – Introduction The Chair opened the meeting, thanking members for sending across their wildlife nominations. The Chair provided an overview of the previous meeting including reiterating the Bank’s objectives for secure banknote design and reminding members about the suggested guidance discussed at the previous meeting. The Panel discussed the response to the…
Economics Jul 17, 2026 Kai Guo Like every major economy, China uses industrial policy, and its subsidies have mattered. But subsidies are no longer the most convincing explanation for Chinese firms’ emergence as global leaders in industries that used to be the exclusive…
On July 1, 2026, trade representatives from the US, Canada, and Mexico face the first review deadline for the US-Mexico-Canada free trade agreement (USMCA), which took effect in July 2020. President Trump has said he does not intend to renew the agreement in its current form, raising the likelihood of further rounds of review and…
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $79.00 during the early European trading hours on Friday. The WTI heads for its biggest weekly advance since April as rising tensions in the Middle East raise fears of oil supply disruption. The BBC reported on Thursday that the US Central Command (CENTCOM) said that…