Economy

Wells Fargo sees Canada slipping into recession as tariffs weigh on growth
April 28, 2025 11:29 PM AEST| By InvestingInvesting.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
April 26, 2025 03:01 AM AEST| By InvestingInvesting.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
April 25, 2025 11:53 PM AEST| By InvestingInvesting.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
April 25, 2025 11:49 PM AEST| By InvestingInvesting.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
April 25, 2025 10:25 PM AEST| By InvestingInvesting.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?
April 25, 2025 07:01 AM AEST| By InvestingInvesting.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
April 25, 2025 01:55 AM AEST| By InvestingInvesting.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
April 25, 2025 01:47 AM AEST| By InvestingInvesting.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
April 23, 2025 08:25 AM AEST| By InvestingInvesting.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
April 23, 2025 06:17 AM AEST| By InvestingInvesting.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
April 23, 2025 12:31 AM AEST| By InvestingInvesting.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’
April 22, 2025 02:49 AM AEST| By InvestingInvesting.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?
April 18, 2025 11:07 PM AEST| By InvestingThis article first appeared in Investing.com

U.S. Treasury bond doomsdayers need to take a step back, CIBC economist says
April 18, 2025 04:49 AM AEST| By InvestingInvesting.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
April 18, 2025 04:15 AM AEST| By InvestingInvesting.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
April 18, 2025 02:25 AM AEST| By InvestingInvesting.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
April 18, 2025 12:35 AM AEST| By InvestingInvesting.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
April 17, 2025 10:45 PM AEST| By InvestingThis article first appeared in Investing.com

Surprise! China and Japan actually raised their US treasury holdings in February
April 17, 2025 08:35 AM AEST| By InvestingInvesting.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
April 17, 2025 04:03 AM AEST| By InvestingInvesting.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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