The American labor market rests at or near full employment. A 4.1% unemployment rate, a labor force increase of 683,000, and an advance of 162,000 in monthly hiring all point to a solid working definition of what that means in 2026. Once one adjusts for a two-month upward revision of … … READ MORE >
Economics
Canada loses jobs in August as trade tensions cloud outlook
Canada’s job losses in August undid some of the gains from July—and the outlook going forward is murky due to uncertainty caused by ongoing U.S. trade tensions. … READ MORE >
Service sector grows faster in August amid rising demand
Business activity in the U.S. service sector has been expanding in recent months, with the ISM Business Activity Index rising to 61.7 in August from 59.1 in July. … READ MORE >
India’s manufacturing cools as services gain
The HSBC India Manufacturing PMI slipped to 52.8 in August, a third straight monthly decline.
Services sector told a different story. The HSBC India Services PMI Business Activity Index rose to 54.1. … READ MORE >
Market Minute: August U.S. jobs report preview
We are forecasting a 25,000-job increase and a 4.1% unemployment rate when the August jobs data is released on Friday. … READ MORE >
Bank of Canada holds interest rate again as volatility threatens growth
The Bank of Canada held its key interest rate again as it works to show stability amid ongoing trade volatility and economic uncertainty. … READ MORE >
Market Minute: Regime change in rates rolls higher
Investors are pushing up rates as inflation rises, nations add to their debt and as geopolitical risk continues unabated. … READ MORE >
Strong manufacturing and jobs data ahead of Fed meeting
Tariff refunds, rising business and government spending on defense and AI-related products have been the main tailwinds for overall manufacturing demand. … READ MORE >
India’s GDP grew 7.8% in second quarter, defying global headwinds
We’re raising our full-year forecast toward 7% growth for fiscal 2026-27, above the RBI’s revised 6.7% projection. … READ MORE >
Market Minute: Diesel inventories near 20-year low as prices rise
Distillate inventories fell by 2.2 million barrels to 103.4 million for the week ending Aug. 26, according to the U.S. EIA. … READ MORE >