Canada Capacity Utilization remains unchanged at 78.5% in 1Q

Jun 12, 2026

Mexican Peso: Steady outlook faces USMCA risks – Societe Generale

Societe Generale strategists note Mexico still appears steady even as conditions become more challenging. Inflation has cooled to 3.94% in May, while Banxico has signalled an end to its easing cycle, leading markets to price potential hikes.

Copper: Tariff risks keep spreads elevated – ING

ING’s Commodities Strategist Ewa Manthey notes that LME copper is trading near record highs, supported by supply tightness, US tariff-driven stockpiling and AI-related power demand. The market is already pricing US tariff risk, with the COMEX-LME spread around $400/t.