19 h. ago Experts say Canada is now on the brink of an economic recession

Canada is headed towards a recession this year, and now is the time for Canadians to prepare for a financial downturn, according to a Wells Fargo report.In its International Economic Outlook: April 2025 report, the company highlights its economic forecast, stating that economies exposed to tariffs are expected to underperform."In that sense, we now believe Canada’s economy will enter technical recession this year," states the report. It also predicts that the Bank of Canada will likely ease interest rates due to concerns about inflation.However, tariffs aren’t the only factor that will have a direct impact on Canada's economy — the indirect effects of sentiment and confidence are also expected to contribute to the recession.And an already weak loonie is also likely to get even weaker.Wells Fargo predicts that the Canadian dollar "will be a relative underperformer.” According to currency exchange company XE, as of April 29, th...

Other

40 h. ago Sheinbaum’s Popularity Passes AMLO’s, Feeding Mexican Economic Optimism

President Claudia Sheinbaum is more admired by Mexicans than even her popular predecessor Andres Manuel Lopez Obrador, a status that is fueling economic optimism despite risks of a recession and the perils of a US trade war.

Other

42 h. ago Alleged drunk Ontario driver clocked at 200km/h says he was 'late for work'

Times have been pretty darn tough in Ontario, between the present economic recession and sky-high unemployment rates, an ongoing trade war and long-running cost of living crisis, a growing socio-political divide and general lack of faith in various levels of government — need we go on?But even if it feels like it's all been more than enough to make us all collectively lose our cool or lean into our vices, there's no excuse or explanation for what one Toronto resident was caught doing behind the wheel this weekend.Putting both themselves and the public in grave danger in the process, an unnamed 25-year-old was pulled over by Ontario Provincial Police (OPP) on Sunday morning after they were clocked going a whopping 200 km/h — which is double the posted limit — along Highway 407.Upon pulling the vehicle over, though, officers discovered that the serious speeding was only the beginning of the motorist's...

Transport

4 d. ago Canada’s Election Winner Faces Economy That’s Near Recession

Canada’s next prime minister is set to inherit a half-year of flat economic growth, economists predict, an immediate test of their governance as President Donald Trump’s trade war grinds business investment and exports lower.

Politics

4 d. ago Economists Say Trade War Makes US Recession Almost a Coin Flip

Forecasters surveyed by Bloomberg now see a 45% of a downturn in the next year, up from 30% in March.

Economics

1 week ago Pas de récession mondiale en vue malgré les tarifs, estime le FMI

Ils provoqueront tout de même un ralentissement « notable », souligne la patronne du Fonds monétaire international.

Economics

1 week ago IMF Says Global Economy Slowing on Trade ‘Reboot’ But Avoiding Recession

The head of the International Monetary Fund warned that the global economy will slow due to the US-led world trade “reboot,” but a recession isn’t in the forecast.

Economics

1 week ago Here’s what economists are saying about the Bank of Canada announcement

Inflation, trade tensions with the United States, and the threat of a recession weigh heavily on economists' minds

Other

2 w. ago Le Québec a vaincu une crise économique et cinq récessions en un siècle

En raison de la guerre tarifaire déclenchée, le monde s’apprête possiblement à entrer en récession. Peut-être même en crise économique.

Other

3 w. ago US Stock Futures Tumble With Trump Team Digging In on Tariffs

US equity futures plunged, putting the S&P 500 on track for a bear market as the Trump administration dug in on a trade war economists warn will tip the world’s largest economy into recession.

Economics

3 w. ago Avec son big bang douanier, Trump menace de faire chavirer l'économie mondiale

Il a suffi d'un discours de 50 minutes de Donald Trump pour menacer l'économie mondiale et faire monter en flèche les craintes de récession.

Other

3 w. ago US Stock Futures Tumble as Trump Upends Global Trading Order

US stock futures plunged more than 3% after President Donald Trump outlined a slate of tariffs on US trading that raises the likelihood of a full-blown trade war that could plunge the US economy into a recession.

Economics

4 w. ago US Stocks Swoon as Trump Sows Economic Fear Across Wall Street

The US stock market rout intensified on Monday on fears that President Donald Trump’s next tariff rollout will deliver a shock to the global economy, with rising recession concerns leaving the S&P 500 Index on track for its worst quarter compared to the rest of the world since the 1980s.

Economics