Economy

Canadian support for U.S. counter-tariffs fades as trade war drags - Bloomberg
June 13, 2025 05:57 AM AEST| By InvestingInvesting.com -- Canadian enthusiasm for retaliatory tariffs against the United States is showing signs of erosion, according to a new poll conducted by Nanos Research Group for Bloomberg News. While

Trump calls Powell a ’numbskull’ for not cutting rates
June 13, 2025 03:05 AM AEST| By InvestingInvesting.com -- U.S. President Donald Trump continues to press Jerome Powell and the Federal Reserve to cut interest rates, as inflation data remains subdued despite his aggressive tariff policy. Whi

RBA to hold in July, begin cautious easing from Aug, says Westpac
June 12, 2025 04:11 PM AEST| By InvestingInvesting.com-- The Reserve Bank of Australia (RBA) is likely to begin cutting interest rates from August, but will adopt a gradual and cautious approach to easing, Westpac Chief Economist Luci Ellis

Subdued consumer inflation in May surprises, but likely not enough for Fed
June 12, 2025 06:25 AM AEST| By InvestingInvesting.com -- With the implementation of President Trump’s aggressive tariff policy, economists were pleasantly surprised by today’s milder-than-expected CPI reading. However, overall, they don

Canada’s net foreign asset position drops $103.2 billion in Q1
June 12, 2025 05:59 AM AEST| By InvestingInvesting.com -- Canada’s net foreign asset position fell by $103.2 billion to $1,824.8 billion at the end of the first quarter of 2025, marking the first decrease since the third quarter of 2023, a

US Treasury sells $39B 10-year notes at lower-than-expected yield
June 12, 2025 04:05 AM AEST| By InvestingInvesting.com -- Yields on 10-year Treasury fell Wednesday after the U.S. government sold $39 billion of 10-year Treasuries at a lower-than-expected yield even as demand dipped.

U.S. Treasury chief Bessent urges China to honor Geneva trade deal
June 12, 2025 12:51 AM AEST| By InvestingInvesting.com -- U.S. Treasury Secretary Scott Bessent called on China Wednesday to fulfill its commitments under a trade agreement reached in Geneva last month, following new implementation framework

Lockheed’s F-35 jets to cost Canada 50% more than planned, Auditor General says
June 11, 2025 01:23 AM AEST| By InvestingInvesting.com -- Canada’s purchase of 88 Lockheed Martin (NYSE:LMT) F-35 fighter jets will cost approximately C$27.7 billion ($20.2 billion), nearly 50% more than initially estimated, according to a

2 key questions to consider as U.S.-China trade talks continue in London
June 10, 2025 10:21 PM AEST| By InvestingInvesting.com -- U.S.-China trade negotiations currently taking place in London have the potential to influence financial markets, particularly in China, according to analysts at Capital Economics.

Canada to hit NATO defense target early, Carney says
June 10, 2025 02:35 AM AEST| By InvestingInvesting.com -- Canada will reach NATO’s 2% defense spending target by the end of this fiscal year, Prime Minister Mark Carney announced Monday in a major shift that aims to reassert the country’

Muted expectations in Canadian sectors show room for positive surprises - BMO
June 10, 2025 12:27 AM AEST| By InvestingInvesting.com -- Investor sentiment surrounding Canada’s trade outlook is undergoing a noticeable shift as speculation intensifies around a potential Canada-U.S. trade deal ahead of the G7 summit in

Canada to hit NATO defense target early - The Globe and Mail
June 09, 2025 11:15 PM AEST| By InvestingInvesting.com -- Prime Minister Mark Carney is preparing to announce Canada’s largest increase in defense spending since World War II, a move that will accelerate the country’s alignment with NATO

Carney launches ‘One Canadian Economy’ Act to unify trade, approvals
June 07, 2025 06:33 AM AEST| By InvestingInvesting.com -- Prime Minister Mark Carney unveiled sweeping legislation Friday aimed at accelerating the approval of infrastructure projects and removing long-standing internal trade barriers, part

US job growth in May tops forecasts, but Macquarie warns cracks are emerging
June 07, 2025 05:49 AM AEST| By InvestingInvesting.com -- The U.S. economy created more jobs than expected last month, data showed Friday, but Macquarie economists warn that leading indicators are starting to show cracks emerging in the labo

Fed’s Harker says rate cuts this year still possible
June 07, 2025 03:15 AM AEST| By InvestingInvesting.com -- Philadelphia Federal Reserve President Patrick Harker, who is set to retire at the end of June, has stated that interest rate cuts could be a possibility this year, given the current

Fed likely unmoved despite uneven May jobs report
June 07, 2025 02:45 AM AEST| By InvestingInvesting.com -- Despite President Trump’s strong push for rate cuts, today’s jobs report suggests the labor market remains resilient, leading economists to believe the Federal Reserve and Chair J

U.S. tariffs have been implemented at a faster pace than expected - Danske Bank
June 07, 2025 12:37 AM AEST| By InvestingInvesting.com - Sweeping U.S. tariffs have been implemented at a faster rate than previously expected, potentially pushing up prices and weighing on the broader economy, according to analysts at Dansk

Canadian labor market beats expectations in May with surprise job gain
June 06, 2025 11:43 PM AEST| By InvestingInvesting.com -- According to a report from Statistics Canada, Canada’s labor market showed unexpected resilience in May, adding 8,800 jobs compared to consensus expectations for a decline of 11,900

U.S. tariffs have implemented at a faster pace than expected - Danske Bank
June 06, 2025 11:03 PM AEST| By InvestingInvesting.com - Sweeping U.S. tariffs have been implemented at a faster rate than previously expected, potentially pushing up pricees and weighing on the broader economy, according to analysts at Dans

Trump unlikely to drive down drug prices substantially: Capital Economics
June 06, 2025 04:17 AM AEST| By InvestingInvesting.com -- President Trump’s aim to slash U.S. prescription drug prices by 50% is unlikely to materialize, according to analysts at Capital Economics.

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