5 d. ago US Clothes, Toy Costs Show Tariff Hit Only at Margins So Far

For all the hand-wringing about tariffs, Americans are so far experiencing limited inflation from President Donald Trump’s protectionist trade policy.

Economics

5 d. ago U.S. inflation rises slightly. When will tariff impact show?

Economists expect inflation to heat up through the second half of the year. Walmart last month said it would begin raising prices in late May and June.

Economics

1 week ago Bank of Canada Holds at 2.75%, Says ‘Could Be a Need’ for Future Cut

The Bank of Canada held interest rates steady for a second consecutive meeting, but officials said there may be a need to cut borrowing costs if the economy weakens and inflation remains contained as US tariffs make an impact.

Other

1 week ago Bank of Canada holds key rate at 2.75% as tariff uncertainty persists

OTTAWA — The Bank of Canada held its benchmark interest rate steady at 2.75 per cent Wednesday as policymakers keep waiting for more clarity on how tariffs will impact the economy. “Uncertainty remains high,” Bank of Canada governor Tiff Macklem said in prepared remarks after the release of the rate decision. “At this decision, there […]

Economics

1 week ago Toy maker Spin Master cuts jobs as it contends with tariff uncertainty

Toy maker Spin Master Corp. says it has cut jobs across the company as it tries to weather the impact of global tariffs on its business. In an emailed statement, spokeswoman Tammy Smitham did not say how many employees were affected. She says the layoffs were one part of a multi-pronged plan to deal with […]

Economics

2 w. ago U.S. spending slows even as tariffs yet to show impacts so far

The figures show inflation is still declining from its post-pandemic spike, which reached the highest level in four decades in July 2022.

Economics

2 w. ago US inflation gauge cools with little sign of tariff impact, so far

WASHINGTON (AP) — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. Friday’s report from the Commerce Department showed that consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in March and the lowest […]

Economics

2 w. ago New GDP numbers set to be released to show early tariff impact

The data will give the Bank of Canada a sense of how tariffs from the United States weighed on the economy early in the year ahead of its next interest rate decision.

Economics

2 w. ago As tariffs loomed, Canada’s economy grew 2.2% in the first quarter

The data will give the Bank of Canada a sense of how tariffs from the United States weighed on the economy early in the year ahead of its next interest rate decision.

Economics

2 w. ago Fed minutes: Uncertainty ‘elevated’ as risks of higher inflation and unemployment rise

WASHINGTON (AP) — Federal Reserve officials agreed earlier this month to hold off on any interest-rate moves while they evaluated the impact of President Donald Trump’s tariffs on inflation, unemployment, and the broader economy. According to minutes from their May 6-7 meeting, released Wednesday, “almost all” of the 19 officials that participate in the Fed’s […]

Economics

2 w. ago US consumer confidence rebounds after five straight months of declines amid tariff anxiety

WASHINGTON (AP) — Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs. The Conference Board said Tuesday that its consumer confidence index rose 12.3 […]

Economics

3 w. ago Uncertainty continues in Saskatchewan around U.S. tariff impact

Although the 25 per cent automotive tariff was imposed at the start of April, one Regina auto repair shop hasn't seen much of a change in prices, but the uncertainty continues.

Economics

3 w. ago Is Canada heading for recession? One economist says it may lack ‘severity’

A TD economist says Canada is heading into a recession, including job losses, as U.S. President Donald Trump's tariff policies impact businesses, but the severity is uncertain.

Other

3 w. ago U.S. tariffs have had minimal impact on Canada Goose, company says

'Our made-in-Canada products are not currently impacted by the tariffs on imports into the U.S.,' says CEO Dani Reiss

Economics

3 w. ago Canada Goose shares soar as company sees ‘minimal’ impact from tariffs

TORONTO — Canada Goose Holdings Inc. executives say tariffs are having little impact on the business, but the uncertainty they pose is great enough that the company is withholding its outlook for this fiscal year. The Toronto-based maker of luxury parkas said Wednesday that it has so far escaped the brunt of the trade war […]

Economics

3 w. ago Target sales fall sharply in 1st quarter and retailer warns they will slip for all of 2025

NEW YORK (AP) — Sales at Target fell more than expected in the first quarter and the retailer warned they will slip this year as consumers, worried over the impact of tariffs, pull back on spending. Sales fell 2.8% to $23.85 billion, which is less than the $24.23 billion Wall Street expected, according to FactSet, […]

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