MNI China Daily Summary: Thursday, July 25

MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI: BELGIUM JUL BNB BUSINESS SURVEY -12.3

MNI: US Q2 GDP +2.8%

MNI: US JOBLESS CLAIMS -10K TO 235K IN JUL 20 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Rumblings Trudeau to Push Budget Deficit Much Higher

CANADA
(MNI) OTTAWA
  • Trudeau tweet late Wednesday: "Canada's economic recovery needs to be equitable, inclusive, and green - and right now, we have an opportunity to build a more resilient future, and create good jobs and a sustainable economy"
  • National Post column cites unnamed bureaucrats worried about rush of new social spending when Parliament returns later this month, says BOC Sr Deputy Wilkins may move to top job in Finance Department
  • CBC column also suggests new rush of deficit spending that undoes fiscal orthodoxy
  • Trudeau needs at least one opposition party to pass confidence vote on "Throne Speech" when Parliament re-opens, may lean on socialist NDP for support. They have said they want more social spending such as child care for working mothers
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
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MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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