AGP Executive Report
Last update: an hour agoTrade: Canada and the UAE signed a free trade agreement that will cut or eliminate tariffs on more than 99% of current Canadian exports once it takes effect in 2027; the deal builds on a UAE pledge to invest C$70 billion in Canada. Interest Rates: The Federal Reserve held its benchmark rate at 3.75%–4%, but two officials dissented in favor of a hike. Mortgage rates remain high: the average 30-year loan stood at 7.32%, while homebuilder confidence hit a 14-year low. Pakistan: The central bank chief says growth recovered to 3.7% in fiscal 2026, with the current-account deficit expected to stay below 1% of GDP, though inflation has ticked up. Iran: War and inflation are squeezing household budgets, with families cutting spending on food, housing and education. Treasury Secretary Scott Bessent says U.S. sanctions have sharply weakened Iran’s economy, a claim Tehran disputes. Digital Economy: Kazakhstan’s president is pressing for wider AI adoption across industry, agriculture and mining, while warning that technology investment must deliver practical economic gains.
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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