Canada International Merchandise Trade came in at $-0.59B, above expectations ($-1.3B) in July

FXStreet (Delhi) – Josh Nye, Economist at RBC Economics notes that the yesterday’s release of Fed’s Beige Book report, added to this evidence that the US economy is continuing to grow steadily. The conclusion that can be drawn from that report is that while the economic and labour market backdrop would warrant the Fed beginning to withdraw monetary policy stimulus in September, recent turmoil in financial markets could keep the central bank on the sidelines