Economy


 Wells Fargo sees Canada slipping into recession as tariffs weigh on growth

Wells Fargo sees Canada slipping into recession as tariffs weigh on growth

April 28, 2025 11:29 PM AEST| By Investing

Investing.com -- Wells Fargo (NYSE:WFC) expects the Canadian economy to fall into a technical recession this year as new tariffs and weaker global trade dampen activity. In a note authored by economis

 Canada’s fiscal plans may shift sharply after election, warns CIBC’s Shenfeld

Canada’s fiscal plans may shift sharply after election, warns CIBC’s Shenfeld

April 26, 2025 03:01 AM AEST| By Investing

Investing.com -- With Canada’s federal election looming on April 28, voters and markets are scrutinizing campaign platforms for signals on spending and deficits. But CIBC (TSX:CM) Chief Economist Av

 Canadian retail sales dip in February, core retail sales rise

Canadian retail sales dip in February, core retail sales rise

April 25, 2025 11:53 PM AEST| By Investing

Investing.com -- Retail sales in Canada saw a minor decrease of 0.4%, amounting to $69.3 billion in February 2025, according to a report by Statistics Canada. The report indicated that sales were down

 He said, Xi said

He said, Xi said

April 25, 2025 11:49 PM AEST| By Investing

Investing.com -- There continues to be lots of confusion around trade talks between the U.S. and China. President Donald Trump said there have been talks, while China said there haven’t.

 ECB's Holzmann: U.S. tariffs seen weighing on prices - Bloomberg News

ECB's Holzmann: U.S. tariffs seen weighing on prices - Bloomberg News

April 25, 2025 10:25 PM AEST| By Investing

Investing.com - Aggressive U.S. tariff announcements could end up denting consumer prices rather than fueling inflationary pressures, European Central Bank Governing Council member Robert Holzmann tol

 U.S. is making 'lots and lots' of money on tariffs, but is it enough?

U.S. is making 'lots and lots' of money on tariffs, but is it enough?

April 25, 2025 07:01 AM AEST| By Investing

Investing.com -- Since enacting global reciprocal tariffs on April 2nd, President Trump has often commented, “we’re making lots and lots of money!” referring to the levies the U.S. Treasury is c

 A couple of Fed heads hint at rate cuts

A couple of Fed heads hint at rate cuts

April 25, 2025 01:55 AM AEST| By Investing

Investing.com -- While Federal Reserve Chairman Jerome Powell has insisted on a wait-and-see approach to additional interest rate cuts amid President Trump’s tariffs, a couple of other Fed heads wer

 Canadian small businesses face sharp downturn ahead, CFIB warns

Canadian small businesses face sharp downturn ahead, CFIB warns

April 25, 2025 01:47 AM AEST| By Investing

Investing.com -- Canada’s economy showed modest growth in the first quarter of 2025 but is expected to contract significantly in Q2, according to the latest Main Street Quarterly report by the Canad

 Trump said 'doing fine' with China, has no plans to fire Powell

Trump said 'doing fine' with China, has no plans to fire Powell

April 23, 2025 08:25 AM AEST| By Investing

Investing.com -- U.S. President Donald Trump delivered remarks on the state of trade relations with China and other countries Tuesday, emphasizing the positive impact of tariffs on the American econom

 Kashkari flags recession worries as tariffs put economy in crosshairs

Kashkari flags recession worries as tariffs put economy in crosshairs

April 23, 2025 06:17 AM AEST| By Investing

Investing.com -- Minneapolisw Federal Reserve President Neel Kashkari flagged worries about a tariff-driven recession following a sharp turn lower in economic confidence in the wake of President Donal

 IMF cuts U.S. growth forecast as tariffs and uncertainty weigh on outlook

IMF cuts U.S. growth forecast as tariffs and uncertainty weigh on outlook

April 23, 2025 12:31 AM AEST| By Investing

Investing.com -- The International Monetary Fund has sharply revised down its U.S. growth forecast, citing trade tensions, policy uncertainty, and weakening domestic demand. In its April 2025 World Ec

 Trump's call to fire Powell is ‘self-defeating’

Trump's call to fire Powell is ‘self-defeating’

April 22, 2025 02:49 AM AEST| By Investing

Investing.com -- If tariffs weren’t enough for markets to contend with, President Donald Trump has thrown another major worry into the market with the calling of the head of Federal Reserve Chairman

 Investing.com deep dive: Is Jerome Powell’s job safe amid Trump's threats?

Investing.com deep dive: Is Jerome Powell’s job safe amid Trump's threats?

April 18, 2025 11:07 PM AEST| By Investing

This article first appeared in Investing.com

 U.S. Treasury bond doomsdayers need to take a step back, CIBC economist says

U.S. Treasury bond doomsdayers need to take a step back, CIBC economist says

April 18, 2025 04:49 AM AEST| By Investing

Investing.com -- Bonds are in charge. This is the sentiment being relayed by market participants recently as they digest the impacts of President Trump's trade policy. In fact, the bond market was giv

 Canadians post record investments in US equities for February

Canadians post record investments in US equities for February

April 18, 2025 04:15 AM AEST| By Investing

Investing.com -- In February 2025, Canadian investors increased their holdings in foreign securities, with a record investment in US equity securities, according to a report by Statistics Canada. A to

 Ontario's Ford unveils plan to streamline permits for Ring of Fire

Ontario's Ford unveils plan to streamline permits for Ring of Fire

April 18, 2025 02:25 AM AEST| By Investing

Investing.com -- Ontario Premier Doug Ford announced today a comprehensive plan aimed at bolstering the province's economy and making it a more competitive place to invest within the G7. The plan targ

 With Powell's job on the line, Fed's Williams sees no need to cut rates

With Powell's job on the line, Fed's Williams sees no need to cut rates

April 18, 2025 12:35 AM AEST| By Investing

Investing.com -- Federal Reserve Bank of New York President John Williams expressed his view that the current interest rate policy is appropriate and does not require immediate adjustment.

 LVMH CEO Arnault blames Brussels for tariff stalemate

LVMH CEO Arnault blames Brussels for tariff stalemate

April 17, 2025 10:45 PM AEST| By Investing

This article first appeared in Investing.com

 Surprise! China and Japan actually raised their US treasury holdings in February

Surprise! China and Japan actually raised their US treasury holdings in February

April 17, 2025 08:35 AM AEST| By Investing

Investing.com -- Recent speculation that China and Japan were dumping U.S. Treasuries took a hit on Wednesday after a report from the U.S Treasury Department showed that foreign holdings of Treasuries

 Fitch cuts global growth outlook as trade war escalates

Fitch cuts global growth outlook as trade war escalates

April 17, 2025 04:03 AM AEST| By Investing

Investing.com -- Fitch Ratings has sharply downgraded its global growth forecast for 2025 amid mounting trade tensions. The agency cut its world growth estimate by 0.4 percentage points, trimming U.S.

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