June 19, 2026
North America:
Canada Retail Sales Up 1% in May as Gasoline Lifts Receipts
Canadian retail sales continue to rise in the second quarter, lifted by surging gasoline prices that are crowding out many other spending categories.
An advance estimate suggests receipts for retailers rose 1% in May, following a 0.5% increase the previous month, Statistics Canada reported Friday. The April figure was slightly lower than the median projection of 0.6% in a Bloomberg survey of economists.
Europe:
Russia Sells Stake in Seized Top Gold Miner for $1.3 Billion
Russia sold a top gold miner that it seized from a billionaire last year, though only after multiple attempts and for about half the price it originally sought.
Moscow-based BTS-Most Holding will acquire a 67.2% stake in Yuzhuralzoloto PJSC and its affiliated companies after winning a Dutch auction with a bid of 93 billion rubles ($1.3 billion), the state-run Tass news service reported Friday, citing auction disclosures.
Asia:
India Rate Setters See Outlook Improve as Middle East Risks Ease
India’s rate setters chose to stay growth-supportive and hold off on any policy pivot, viewing Middle East uncertainty as a reason for caution while expecting the economic outlook to improve rapidly once tensions ease.
The discussions were revealed in minutes of the Reserve Bank of India’s June 3-5 monetary policy committee meetings. The six-member panel, headed by Governor Sanjay Malhotra, had voted unanimously to keep the repurchase rate unchanged at 5.25% and retain a neutral stance for a third straight time.
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