Market News

Market Update – U.S. Jobs Report & Global Developments U.S. Labor Market – April 2025 Wage Growth: Average hourly earnings rose 0.2% month-over-month, below expectations of 0.3%. Job Creation: The U.S. economy added 177,000 nonfarm payroll jobs in April, beating expectations of 135,000. While slightly slower than March’s revised 185,000 gain, it outpaces the three-month

“145% is too high. It will come down substantially.” Trump’s newest take on tariffs suggest the White House is weighing a significant reduction in tariffs on Chinese imports—from the current 145% down to 50–65%. A tiered structure is also under consideration, where goods deemed “strategic to American interests” could face tariffs of up to 100%,

The Bank of Canada held its benchmark interest rate steady at 2.75% this morning. While the decision was widely expected following recent tariff-related uncertainty, yesterday’s softer-than-anticipated inflation data—CPI rose just 0.3% month-over-month versus the 0.7% forecast—had sparked some speculation that the bank might consider a rate cut. The shift in U.S. trade policy, marked by

The U.S. dollar took another sharp hit today, sliding to a decade-low against the Swiss franc and a three-year low versus the euro. The drop comes amid intensifying trade tensions, particularly with China. After the U.S. confirmed a 145% tariff on Chinese goods yesterday, Beijing retaliated by raising its own tariffs on U.S. imports to

U.S. inflation cooled in March, signaling a potential easing of price pressures despite ongoing trade policy volatility. Consumer prices rose 2.4% year-over-year, down from 2.8% in February—the slowest pace since September—driven by declines in gasoline, airfare, and hotel costs. Softer inflation data may give the Federal Reserve room to cut interest rates, which could allow

Market Update: Week in Review Monday US: The economy showed mixed signals as a resilient services sector offset renewed weakness in manufacturing. Flash Manufacturing PMI slipped into contraction at 49.8 (vs. 51.9 expected), while Flash Services PMI surged to 54.3 (vs. 51.2), marking its strongest expansion in months. The data underscores ongoing concerns about uneven

The Fed met expectations this afternoon by holding its interest rate at 4.5%, unchanged since December. President Trump’s tariffs, along with retaliatory measures from U.S. trading partners, have weighed on consumer sentiment and have been major contributors to inflationary pressures. The Fed acknowledged rising economic uncertainty, and are seemingly in sit-and-wait mode. In response, officials

The Bank of Canada announced its 7th consecutive rate cut this morning, bringing its overnight rate down to 2.75% from 3.00%. The bank is concerned with the ongoing crisis of President Trump’s tariff threats and the potential damage they would have on the economy. Following Ontario’s Premier Doug Ford’s implementation of 25% tariff on electricity,

Celebrating Women at BendixFX this International Women’s Day 💜🌍📈 At BendixFX, we’re proud to have an incredible team where over 70% of team members are women, driving innovation, excellence, and success in the FX industry. Since 1982, their dedication and expertise have shaped our company’s journey. Today, we celebrate the women of BendixFX and beyond—the

After a rollercoaster week of tariff developments, President Trump announced yesterday another pause on tariffs for Canadian goods, pushing the effective date to April 2nd. This decision followed the brief implementation earlier in the week of a 25% fee on Canadian exports, which was swiftly met with retaliatory measures on tens of billions of dollars