Economy

Musk's Tesla, SpaceX lobby US government on Trump tariffs
March 15, 2025 08:53 AM AEDT| By InvestingInvesting.com -- Elon Musk's Tesla (NASDAQ:TSLA) and SpaceX filed letters encouraging the U.S. Trade Representative to consider the impact of the Trump administration tariffs.

Recession or boom? Morgan Stanley sees economy stuck in neutral
March 15, 2025 08:53 AM AEDT| By InvestingInvesting.com -- Real-time U.S. economic estimates are split on whether a recession or boom is on the horizon, but Morgan Stanley (NYSE:MS) believes the economy is likely stuck in neutral.

DOGE cuts appear to be weighing on spending in DC: BofA
March 14, 2025 02:39 AM AEDT| By InvestingInvesting.com -- Bank of America analysts said in a note Thursday that “DOGE cuts appear to be weighing on spending in DC” based on February BAC card data.

BofA expects further BoC rate cuts amid US trade tensions
March 14, 2025 01:41 AM AEDT| By InvestingInvesting.com -- On Thursday, BofA Securities released a report analyzing the economic situation in Canada following the Bank of Canada's (BoC) recent policy rate cut. The BoC reduced its rate by 25 b

BCA sees Canada interest rates hitting 2%, CAD stabilizing
March 14, 2025 01:29 AM AEDT| By InvestingInvesting.com -- On Thursday, BCA Research strategist Chester Ntonifor offered a report outlining expectations for the Canadian economy, including a forecast that the Bank of Canada (BoC) is likely to

Ontario suspends 25% tariff hike on power exports to US after 'productive' talks
March 12, 2025 07:55 PM AEDT| By InvestingInvesting.com - The Canadian province of Ontario on Tuesday said it would suspend its 25% hike on electricity exports to the United States after the two countries agreed to meet later this week to dis

Canada suspends 25% tariff hike on power exports to US after 'productive' talks
March 12, 2025 08:03 AM AEDT| By InvestingInvesting.com -- Canada on Tuesday said it would suspend its 25% hike on electricity exports to the United States after the two countries agreed to meet later this week to discuss a pathway to renew t

US economy set for bigger tariff-induced hit, inflation headwinds: Goldman Sachs
March 11, 2025 06:47 AM AEDT| By InvestingInvesting.com -- The U.S. economy is set for weaker growth and higher inflation as the tariff impact is likely to be greater than previously feared, economists at Goldman Sachs (NYSE:GS) said in a rec

Ontario moves ahead with 25% electricity export tariff for three U.S. states
March 11, 2025 04:09 AM AEDT| By InvestingInvesting.com -- Ontario Premier Doug Ford (NYSE:F) moved forward with a decision to implement a 25% tariff on electricity exports to Michigan, New York, and Minnesota on Monday. This move came despit

ING sees Bank of Canada cutting rates amid tariff-induced recession fears
March 11, 2025 02:19 AM AEDT| By InvestingInvesting.com -- ING Economics economist James Knightly anticipates a further rate cut from the Bank of Canada (BoC) due to the cloudy outlook caused by tariffs. The BoC is expected to implement a 25

Carney vows "Canada will win" tariff war
March 11, 2025 01:43 AM AEDT| By InvestingThis article first appeared in Investing.com

Trump put might have a lower strike than the market thought: BofA
March 11, 2025 01:41 AM AEDT| By InvestingInvesting.com -- Bank of America analysts said in a note Monday that while the market correction prompted some policy moderation, the broader capital shift away from the U.S. may continue.

BofA: Expect Bank of Canada to cut rates amid tariff uncertainty
March 11, 2025 12:37 AM AEDT| By InvestingInvesting.com -- Carlos Capistran, an economist at B of A Securities, predicts that the Bank of Canada (BoC) will cut its policy rate by 25 basis points (bp) on March 12, 2025, bringing it down to 2.7

Tariff uncertainty has likely not peaked yet, JPMorgan warns
March 10, 2025 11:17 PM AEDT| By InvestingInvesting.com -- JPMorgan analysts cautioned that ongoing tariff uncertainty remains a significant risk for markets, particularly in the Eurozone.

BCA downgrades equities to underweight as US is heading towards recession
March 10, 2025 10:55 PM AEDT| By InvestingInvesting.com -- BCA Research downgraded equities to underweight in a note Monday, warning that the U.S. economy is likely to slide into recession due to policy uncertainty and weakening consumer sent

Canada unveils measures to counter U.S. tariffs, support local businesses
March 08, 2025 06:09 AM AEDT| By InvestingInvesting.com -- In response to the recent tariffs imposed by the United States administration, the Canadian federal government has announced a series of measures aimed at supporting Canadian business

Trump could announce reciprocal tariffs on Canada for dairy, lumber soon
March 08, 2025 05:19 AM AEDT| By InvestingInvesting.com -- In remarks from the Oval Office on Friday, U.S. President Donald Trump discussed with disgust the massive tariffs Canada has on dairy and lumber and indicated that reciprocal tariffs

Canadian labor market sees minor changes in February 2025
March 08, 2025 01:29 AM AEDT| By InvestingInvesting.com -- In February 2025, Canada's employment rate remained steady, with an addition of just 1,100 jobs, according to a recent labor force survey by Statistics Canada. This figure falls signi

Trump provides Mexico, Canada with temporary tariff reprieve
March 07, 2025 08:25 AM AEDT| By InvestingInvesting.com -- President Donald Trump on Thursday signed orders that exempted tariffs on goods and services that are compliant with the United States-Mexico-Canada Agreement, or USMCA, for nearly mo

Is the U.S. economy headed for recession?
March 07, 2025 03:15 AM AEDT| By InvestingInvesting.com -- Despite its forecasted 1.9% annualized contraction in first-quarter GDP, Capital Economics does not expect the U.S. economy to enter a full-blown recession, anticipating a rebound in

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