Good evening and welcome to Markets Desk, your close of business briefing on the stories moving markets and policy tonight.
The European Union is signaling a significant geopolitical pivot, with Commission President Ursula von der Leyen floating the idea of Canada becoming the bloc's first ever associate member. That's a structural shift in transatlantic relations worth watching closely, particularly as Western alliances recalibrate in response to shifting trade and security pressures. The economic implications for Canadian exporters and European capital flows could be substantial.
Turning to domestic policy, the debate around Social Security's two thousand twenty seven cost of living adjustment is gaining traction. COLAs are calculated on third quarter inflation data, and current trends suggest the adjustment could be the largest in four years. For fixed income investors and policymakers alike, that number carries real weight on federal outlays and consumer spending power among retirees.
Meanwhile in the space economy, Rocket Lab posted second quarter revenue growth of sixty two percent year over year, hitting a record two hundred thirty four million dollars. Analysts are now projecting the company could top one point five billion in annual revenue by two thousand twenty seven, and that projection deliberately excludes any contribution from a potential Iridium contract, meaning the upside case looks even more compelling for growth investors.
That's the tape. Markets Desk, signing off the floor.
