July figures revealed that Canada's GDP remained flat, falling short of economists’ expectations for a 0.1% expansion. The most significant setback came from the manufacturing sector, which contracted by 1.5%, its largest decline in over two years.

Today, the Federal Reserve has made a resolute decision: it will maintain current interest rates and refrain from any immediate rate hikes. This announcement underscores the Fed's dedication to fostering financial stability in the face of persistent inflation concerns.

In the latest report published September 19, 2023, Canada’s Consumer Price Index (CPI) for August rose by 4.0% year over year, following a 3.3% increase in July.

Following the volatile response of the FX market after the primary elections, the Argentine economic and political landscape is in the spotlight. The FX market has remained stable, but Argentina continues to grapple with soaring inflation.

In its most recent rate announcement, the Bank of Canada opted to maintain its target for the overnight interest rate at 5%, while keeping the Bank Rate at 5¼% and the deposit rate at 5%. The bank is continuing its course of quantitative tightening, and insistent on restoring price stability in Canada.

Fitch Ratings has downgraded the U.S. Sovereign Credit Rating to 'AA+' from 'AAA', citing fiscal deterioration, a growing debt burden, and erosion of governance.