Canada's trade balance moved back into deficit in October, although the $600 million shortfall wasn't as bad as the $1.5 billion deficit expected by the consensus, said CIBC. That reflected a 3.4% month-over-month rebound in imports and a 2.1% month-over-month rise in exports, noted the bank after Thursday's data release.
* Indexes: Dow up 0.1%, S&P 500 down 0.1%, Nasdaq down 0.6% * Defense stocks surge as Trump proposes $1.5 trln 2027 budget. * Ford rises after Piper Sandler upgrades rating, raises PT. * Weekly jobless claims rise less than expected. By Purvi Agarwal and Nikhil Sharma.
Mexico's central bank governors all agreed that greater ?gradualism and caution ?should guide future interest ?rate decisions, ?minutes ?from the bank's December monetary ?policy ?meeting showed on Thursday.
U.S. wholesale inventories increased again in October, suggesting inventories could add to gross domestic product in the fourth quarter ?after being a drag for two straight quarters. Stocks ?at wholesalers rose 0.2% after increasing 0.5% ?in September, the Commerce Department's ?Census Bureau ?said on Thursday. The report was delayed by the 43-day shutdown of the ?government.
Canada's merchandise trade balance deteriorated to a $600 million deficit in October from a $200 million surplus in September, said Bank of Montreal on Thursday. While small in size, this marks the eighth deficit in the first 10 months of 2025, noted the bank. Exports increased 2.1% month over month, even after a 6.7% jump in September.
Freddie Mac issued $68 billion of multifamily securities in 2025, transferring interest rate risk, liquidity risk and credit risk away from U.S. taxpayers to private investors.
* Bloomberg Commodity Index rebalancing starts this week. * US weekly jobless claims increase marginally. * US nonfarm payrolls data due on Friday. * HSBC sees gold at $5,000/oz in first half 2026. By Anmol Choubey.
Trade data for the month of October continues to show a modest recovery in Canadian export activity, with some caveats, TD Economics said Thursday, while noting the data has been subject to pronounced volatility in both imports and exports of unwrought gold, which has muddied the overall trend in trade.
The U.S. trade deficit contracted sharply in October, hitting the lowest level since mid-2009 as imports declined, a trend that if sustained could see trade again adding to economic growth in the fourth quarter. The trade gap narrowed 39.0% ?to $29.4 billion, the lowest level since June 2009, the Commerce Department's Bureau of Economic Analysis and Census ?Bureau said on Thursday.
Gold prices weakened for a second day early on Thursday as the dollar rose after the United States reported its trade deficit narrowed to the lowest in 16 years in October. Gold for February delivery was last seen down US$29.50 to US$4.433.00 per ounce, remaining under the Dec. 26 record high of US$4,552.70, but still up 5.1% over the past month and 65% over the past 12 months.
Stephen Miran, a Federal Reserve governor whose term ends at the end of January, said Thursday that he is looking for 150 basis points of interest-rate cuts this year to boost the U.S. labor market.
Stephen Miran, a Federal Reserve governor whose term ends at the end of January, said Thursday that he is looking for 150 basis points of interest-rate cuts this year to boost ?the U.S. labor market.
Lebanon's central bank will seek the repayment of public funds embezzled by at least one former central bank official and by lawyers and commercial bankers, to help guarantee its liquidity, Central Bank Governor Karim Souaid said on Thursday.
Companies found it harder to do business in 2025 due to a deterioration in global cooperation on issues including trade, climate, technology and security, a survey published by the World Economic Forum showed on Thursday.
By Jamie McGeever. The clearest snapshot of the U.S. labor market will be released on Friday, but December's employment report likely won't provide enough clarity to bridge the deep divisions among Federal Reserve officials over the future path for interest rates. Sure, there is broad-based agreement that the labor ?market is weak.
Canada's trade balance moved back into deficit in October, although the $600 million shortfall was not as bad as the $1.5 billion deficit expected by the consensus, said CIBC after Thursday's release of the international merchandise trade data.
US initial jobless claims rose to a level of 208,000 in the week ended Jan. 3 from a upwardly revised 200,000 level in the previous week, compared with expectations for a increase to 212,000 in survey of analysts compiled by Bloomberg. The four-week moving average decreased by 7,250 to 211,750 after increasing by 2,000 to a level of 219,000 in the previous week.
Canada's merchandise trade balance with the world went from a small surplus of $243 million in September to a deficit of $583 million in October as imports increased 3.4% month over month, while exports were up 2.1%, said the country's statistical agency on Thursday. October's deficit was smaller than the $1.40 billion consensus deficit figure provided by MUFG.
The US international trade deficit narrowed to $29.4 billion in October from a $48.1 billion gap in September, compared with a $58.7 billion gap expected in a survey compiled by Bloomberg. Exports rose in the month, while imports declined, resulting in the significant narrowing in the deficit.
The number of Americans filing new applications for unemployment benefits rose moderately last week amid a relatively low number?of layoffs, though demand for labor remained sluggish, with businesses squeezing more output from their existing workforce.
The number of Americans filing new applications for unemployment benefits rose moderately last week, suggesting that layoffs were relatively low at the end of 2025, though demand for labor remained sluggish. Claims have been choppy in recent weeks amid challenges adjusting the data for seasonal fluctuations around ?the year-end holiday season.
The U.S. unemployment rate was unchanged at 4.6% in December, the Chicago Federal Reserve estimated on Thursday, a figure that suggests the labor market remained stuck in a low-hire, low-fire mode and may add ?to the case for more Fed interest rate cuts ahead.
Canada recorded a smaller-than-expected trade deficit in October and the share of exports to the United States fell to its lowest ever non-pandemic level, official data indicated on Thursday. Statistics Canada recorded a deficit ?of C$583 million as imports increased at a greater pace than exports. Analysts had expected a C$1.36 ?billion deficit.
Brazil's annual inflation rate likely slowed further in December, a Reuters poll showed, falling further below the upper limit of the central bank's target range for a second month in a row. Banco Central do Brasil's goal for the IPCA consumer price index growth is 3%, with a tolerance margin of plus or ?minus 1.5 percentage points.
The Nashville Metropolitan Airport Authority is issuing municipal bonds to finance upgrades to an airport bulging at the seams after rapid traffic growth.
The Economic Sentiment Indicator for the eurozone fell from 97.1 to 96.7 in December, said ING. Not a large move, but reflective of an economy showing modest growth without any meaningful signs of a pickup, wrote the bank in a note.
Industrial production in Brazil remained unchanged in ?November from October, government statistics agency ?IBGE said on Thursday, amid ?signs that high interest ?rates are ?slowing activity in Latin America's largest economy.
Futures tracking Canada's resources-heavy stock index were flat on Thursday, pressured by a decline in precious metal prices, while investors turned cautious ahead of a key jobs report later in the week. March ?futures on Toronto's S&P/TSX Composite index were up 0.03% as of 6:42 a.m. ?ET, after the benchmark pulled back from a record high ?on Wednesday due to cooling precious metal prices.
Toronto home sales were down 8.9% year over year in December, closing out a very subdued year, said Bank of Montreal. Those eagerly awaiting a rebound in volumes and prices on the back of the Bank of Canada rate cuts were sorely disappointed, stated BMO.
Tanger?, a leading owner and operator of outlet and open-air retail shopping destinations, announced today that its operating partnership, Tanger Properties Limited Partnership, has priced and upsized the previously announced offering of $220 million aggregate principal amount of its 2.375% Exchangeable Senior Notes due 2031 in a private placement to persons reasonably believed to be qualified ...
* * Few exporters applied for RBI's loan moratorium. * Exporters face challenges with new orders and thinner margins. By Ashwin Manikandan and Shivangi Acharya. India's central bank is considering new ways to support exporters hit by U.S. tariffs after a moratorium on loan repayments it offered last year drew few takers, two sources aware of the matter said.
Commerzbank in its "European Sunrise" note of Thursday highlighted: Markets: United States Treasuries weaken in late New York session, recover in Asia. Fed: Federal Reserve Vice Chair for Supervision Michelle Bowman says the Fed is revisiting how it issues certain bank ratings.
NEW YORK, Jan. 8, 2026 ?Compass, Inc., today announced the pricing of its offering of $850.0 million in aggregate principal amount of convertible senior notes due 2031 in a private offering, which represents a $100.0 million increase from the previously announced size of the offering.
Societe Generale in its early Thursday economic news summary pointed out: -- Brent crude defends $60/barrel, US dollar mildly bid, 10-year United States Treasury yield reverses ISM gain, declines to 4.13% on lower oil. -- Greenland: European Union ambassadors meet on Thursday in the Political and Security Committee.
* Market positioning will prevent significant dollar drop, Natixis says. * Focus on Friday's jobs report to gauge Fed's 2026 rate path. * Supreme Court decision on Trump's tariffs could hurt the greenback. * Japan-China tensions in the spotlight. By Stefano Rebaudo and Ankur Banerjee.
* Central bank expects inflation to increase in coming months. * Swiss inflation edged higher in December. * SNB sees current monetary conditions as "appropriate" By John Revill. The Swiss National Bank's policymakers expect inflation to revive gradually, the minutes of their latest rate-setting meeting showed on ?Thursday, which will help it avoid cutting or hiking interest rates.
The Swiss National Bank froze its key interest rate at ?0% in December because ?it expects the current ?low rate of ?inflation to ?rise and be within its ?0-2% target range, ?the central bank said on Thursday ?in ?the ?minutes for its latest policy decision.
* Q4 underlying sales up 2.9% vs 1.5% previous quarter. * FY underlying sales up 2.4% vs 5.5% previous year. * Sees 2026 profit flat. * Shares down 7% By Sarah Young. LONDON, Jan 8 - Greggs (GGGSF), Britain's biggest fast ?food chain, warned subdued consumer confidence meant profit would be flat this year, despite ?a pick-up in sales in its Christmas quarter, hitting its shares.
* Traders weigh wobbly labour market data, see no Fed move in January. * Focus on Friday's jobs report to gauge 2026 rate path. * Supreme court decision on Trump's tariff to bring volatility. By Ankur Banerjee.
Arrowhead Pharmaceuticals, Inc. (ARWR) today announced the pricing of its concurrent public offerings of $625,000,000 aggregate principal amount of 0.00% convertible senior notes due 2032 and 3,100,776 shares of common stock, at a public offering price of $64.50 per share.
Major stock indexes were mixed and Treasury yields rose on Thursday ahead of Friday's key U.S. jobs report, while defense company shares gained amid U.S. President Donald Trump's plans for a $1.5 trillion military budget. An aerospace and defense index rose to an all-time high, with European defense shares also hitting a new high.
The dollar gained against the euro and Swiss franc on Thursday, as investors awaited Friday's crucial nonfarm payrolls report, which could help assess the U.S. labor market and the probable path of interest rates. Data on Thursday showed that the number of Americans filing new applications for unemployment benefits increased moderately last week amid relatively low layoffs.
* Traders weigh wobbly labour market data, see no Fed move in January. * Focus on Friday's jobs report to gauge 2026 rate path. * Supreme court decision on Trump's tariff to bring volatility. By Ankur Banerjee.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, has agreed to sell $1,150,000,000 aggregate principal amount of its 5.000% Senior Notes due 2036 and $850,000,000 aggregate principal amount of its 5.850% Senior Notes due 2056 in a registered public offering.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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