Canada Swings to C$8.8 Billion Current-Account Surplus, First Since 2022

Energy-led goods exports pushed Canada’s merchandise balance to a C$12.2 billion surplus, helping produce the largest current-account surplus since late 2005.

Energy-led goods exports pushed Canada’s merchandise balance to a C$12.2 billion surplus, helping produce the largest current-account surplus since late 2005.

HM Treasury plans to give the Bank of England a secondary innovation objective for payment systems, extending its remit to support new digital-money infrastructure while keeping financial stability first.

INSEE said French factory-gate prices accelerated in July, led by a sharp rebound in refined petroleum products, while export and import price pressures also strengthened.

Statistics Sweden said the average floating rate on new housing-loan agreements slipped to 2.74% in July, while annual housing-loan growth accelerated to 3.4%.

Dycom posted record second-quarter revenue of $2.01 billion and a $12.24 billion backlog as fiber and data-center infrastructure demand helped lift its fiscal 2027 outlook.

U.S. durable-goods orders rose 1.1% in July as transportation equipment recovered, while orders excluding transportation also posted a smaller gain.

U.S. commercial crude inventories were nearly unchanged last week, while gasoline and distillate stocks posted sizable draws that left both fuel categories well below seasonal norms.

Abercrombie & Fitch raised its fiscal 2026 earnings and sales outlook after record second-quarter revenue, with about $100 million of tariff refunds providing a large profit benefit.

U.S. economic growth remained at a 1.5% annual rate in the second quarter, while corporate profits surged and a measure of underlying private demand was revised higher.

Photronics reported $216.0 million in fiscal Q3 revenue as high-end IC photomasks reached a record 44% of integrated-circuit sales and delayed chip designs returned.