CANADA DATA: Jobless Benefits +13% YOY In June
Aug-21 12:40
- Canadians receiving regular jobless benefits also +11% (54K) over the first half of this year compared with 2024.
- Increase in tandem with the unemployment rate up 0.5pp to 6.9% over the previous year.
- StatsCan says Thurs the June increase was led by a fifth consecutive increase in sales and service occupations, followed by manufacturing and utilities.
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MNI: US JUL PHILADELPHIA FED NONMFG INDEX -10.3
Jul-22 12:30
- MNI: US JUL PHILADELPHIA FED NONMFG INDEX -10.3
PIPELINE: Corporate Bond Roundup: Wells Fargo on Tap
Jul-22 12:28
- Date $MM Issuer (Priced *, Launch #)
- 07/22 $Benchmark JFM (Japan Finance Org for Munis) 5Y SOFR+68a
- 07/22 $Benchmark Wells Fargo 2031-tap +95a
- $14.4B Priced Monday
US: MNI POLITICAL RISK - Senate Faces Key FY26 Funding Vote Today
Jul-22 12:20
Download Full Report Here
- President Donald Trump will meet with Philippine President Ferdinand Marcos Jr. at the White House for a bilateral meeting and working lunch. In the evening, Trump will meet with Republican members of Congress.
- Treasury Secretary Scott Bessent said the White House is “about to announce a rash of trade deals in coming days.”
- Commerce Secretary Howard Lutnick had “frank" discussions yesterday with Japan’s chief trade negotiator Ryosei Akazawa. Bessent said he will not be “surprised if we can iron out something [with Japan] quickly.”
- A bipartisan delegation of US Senators met with Canadian Prime Minister Mark Carney yesterday to discuss lumber, metals, and a digital services tax.
- The White House claims that data on business equipment production signals a surge in business investment.
- The CBO published its final score for the GOP’s One Big Beautiful Bill.
- A procedural vote in the Senate today will provide a temperature check on whether the government is likely to shut down on October 1.
- Bessent called for a “exhaustive internal review” of the Fed's “non-monetary policy operations.”
- A group of European countries, Australia, Canada, New Zealand, and Japan, issued a joint statement saying the war in Gaza “must end now”.
- Ukraine and Russia will hold another round of peace talks in Istanbul on Wednesday. The Kremlin cautioned against expecting "miraculous breakthroughs".
- Poll of the Day: Consumer sentiment is increasing amongst high earners, but stagnating at lower levels.
Full Article: US DAILY BRIEF
