Statistics Canada said July employment unexpectedly rose by 75.1k, pushing the unemployment rate down to 6.4% from 6.5% in June, a two-year low. The Canadian dollar rallied to an intraday high, gaining as much as 0.5%. Canadian government bonds were initially sold after the print but later reversed into gains as markets also digested an unexpected decline in US payrolls. May–July employment rose a cumulative 181.1k, the largest three-month gain since tariffs on Canadian goods were imposed, signa

KPLER said only six oil tankers transited the Strait of Hormuz this week.

The Baltic Dry Index rose on Friday to a more-than-two-month high, supported by firmer Capesize and Panamax freight. The BDI climbed 32 points (1.1%) to 3,089, its highest since June 3, and gained 13.1% for the week. The Capesize index rose 76 points (1.5%) to 5,128, its highest since June 4, up 19.4% for the week; Capesize daily earnings increased $696 to $43,009. The Panamax index rose 23 points (1.0%) to 2,298, its highest since June 3, up 10.1% for the week; Panamax daily earnings rose $211 to $20,684. The Supramax index fell 5 points (0.3%) to 1,603, its lowest since June 8, down 0.4% for the week.