Other news

Canada's Ivanhoe Mines has suspended underground operations at its Kamoa-Kakula copper mine in the Democratic Republic of Congo (DRC) following renewed seismic activity.

Adam Button, who heads Forexlive's analytical department, in an interview with BNN Bloomberg on Monday stated his opinion that the Canadian dollar will strengthen to $0.74 by the end of the year. He attributed this appreciation to the increasing uncertainty in global financial markets.

UK food inflation rose again in May, reaching its highest level in a year, according to updated official figures. The British Retail Consortium (BRC) reported that prices climbed 2.8%, up from 2.6% in April, marking the fourth consecutive monthly increase, led by fresh produce.

Bank of Japan Governor Kazuo Ueda indicated the intention to raise the interest rate if the economic environment improves in line with the regulator's forecasts.

The Canadian dollar strengthened to a seven-month high against its US rival as the American currency posted widespread declines.

After a volatile weekend, bitcoin and other cryptocurrencies jumped back up again. According to CoinDesk, these fluctuations were driven by Trump's Friday statements on the introduction of 50% tariffs for EU imports from June 1 and the subsequent pause in these measures until July 9.

The debut of the first XRP exchange-traded fund (ETF) on Nasdaq is a big deal for the crypto industry. The new instrument greatly diminishes the barriers to entry for prominent market players, thereby facilitating access to tokens via well-known financial mechanisms.

The Solana blockchain platform has introduced an updated staking system. Previously, users had to lock up their funds to earn rewards, but now they can delegate their SOL assets to validators and receive special tokens while maintaining the ability to use or trade them, CoinMarketCap notes.

According to strategists surveyed by Bloomberg, Canada’s economy is likely to be in the early stages of a recession, as unemployment rises and exports decline amid trade tensions with the United States.

A decrease of the indicator value may contribute to the fall in quotes of GBP.