 Canadian Dollar staged an impressive rebound after June’s employment report far outpaced expectations, reviving hopes that BoC can stay on hold despite mounting trade pressures. The release comes just after US President Donald Trump announced sweeping 35% tariffs on Canadian imports, which initially drove the Loonie lower. With interest rates sitting at 2.75%—a level seen as largely neutral, today's’s data gives BoC additional justification to delay any further policy action. Policymakers are likely to wait and evaluate the full effects of the tariffs before committing to the next move. Meanwhile, in the UK, recession risks are rising after GDP contracted for a second straight month. The economic miss raises doubts about BoE’s current path of gradual, quarterly rate cuts. Market pricing now reflects over 75% odds of a 25-basis-point BoE cut in August. BoE had projected 0.25% GDP growth in Q2, but unless June’s GDP rebounds sharply, a quarterly contraction is now a real possibility. On the FX front, Aussie remains the top performer of the week. while Dollar and Swiss Franc are next in line. Yen is stuck at the bottom, with Pound and Euro also under pressure. Loonie’s rebound keeps it in the middle, alongside Kiwi...... | 
