EUR/CAD

Euro area annual inflation is expected to be 2.8% in June 2026, down from 3.2% in May according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in June (8.7%, compared with 10.8% in May), followed by services (3.2%, ...

ECB’s Kocher: Next decisions will be either hike or hold.

ECB's Wunsch: One hike could suffice without major 2nd-round effects.

ECB's Nagel: June move never was an insurance hike. ECB's Nagel: Inflation will stay above target in 2027. ECB's Nagel: I will keep options open for july, septemer decisions. ECB’s Nagel: AI Initially A Bit More Inflationary

Germany's manufacturing sector ended the second quarter with a modest rise in output that was supported by a slight uptick in demand, the latest PMI® survey data showed. Firms were also a little more optimistic about the outlook, although expectations were still subdued by historical standards. Goods producers in the eurozone's largest economy continued to ...

French manufacturing output decreased during the final month of the second quarter, latest S&P Global PMI® survey data showed, marking back-to-back contractions after a short-lived expansion in April. New order intakes likewise fell for a second month running, with demand weakness particularly evident in export markets. The supply-side also remained ...

The Italian manufacturing sector remained supported by stockpiling efforts, according to latest PMI® data by S&P Global. However, there were signs that this boost to demand had somewhat diminished amid slower growth in both order books and production. Firms were more cautious with their hiring decisions and input purchasing. On the upside, pressures on both ...

Spain’s manufacturing sector experienced a deterioration in operating conditions during June. New orders fell to a greater and marked degree, whilst production declined for the first time in three months. Supply delays remained common, linked to the conflict in the Middle East, whilst input price inflation was again elevated – despite easing noticeably ...

On July 1, North America may enter a new era of economic relations. The United States is set to formally announce it will not renew the United States-Mexico-Canada Agreement (USMCA), beginning a potentially decade-long negotiation process over the future of the free trade agreement. That announcement will not immediately terminate the USMCA, as that would ...

ECB's Kazaks: If things improve, it is possible to not hike further. ECB's Kazaks: The urgency of consecutive hikes is significantly lower ECB's Kazaks: There is no current need for a forceful inflation response.