AGP Executive Report
Last update: 7 hours agoTariff Costs: Ottawa’s counter-tariffs on U.S. goods are adding an estimated $100 million a week to Canadian consumer costs and about 0.25% to prices, an economist told MPs. Brazil’s Direction: Luiz Inácio Lula da Silva won reelection with 51.7% of the vote, keeping Latin America’s largest economy under a leader who has resisted U.S. tariff pressure. Rates and Energy: Economists expect the Fed to hold rates this week, with a December increase widely anticipated. Brent crude has topped $117 a barrel, adding to inflation risks; Israel’s gasoline could exceed NIS 9 a liter when a temporary tax cut expires. Trade and Industry: South Korea posted the world’s second-largest current-account surplus among major economies in the second quarter, at $116.6 billion. AI Investment: With data-center spending surging, state and local election results may shape where facilities and energy infrastructure get built—and influence the next phase of U.S. growth.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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