21 h. ago US Stocks Risk 20% Drop in High Inflation Scenario, RBC Says

The S&P 500 Index risks sinking 20% if inflation spikes on the back of higher oil prices, according to a report by RBC Capital Markets LLC strategists that laid out three possible pullbacks.

Economics

1 week ago ‘Grinding’ rise in unemployment rate means Bank of Canada will start cutting rates again

Here's what economists think the recent unemployment numbers mean for the Bank of Canada and future rate cuts

Culture

1 week ago Unemployment ‘little changed’ in May with slight rise to 7%: StatCan

Canada's job market held relatively steady in May, according to Statistics Canada, as the unemployment rate ticked up slightly to 7.0 per cent.

Other

2 w. ago ECB Set for Last Easy Rate Cut as Trade Fuels Inflation Discord

The European Central Bank is about to lower interest rates for the final time before an increasingly complicated inflation outlook risks bringing internal divisions to the fore.

Economics

2 w. ago Artificial intelligence could spark massive job loss in U.S.: Expert

Artificial intelligence could sound the death knell for entry-level white-collar jobs while causing U.S. unemployment to rise as high as 20%, the chief executive of a top Al company warned. Anthropic CEO Dario Amodei, whose firm built the “Claude” AI chatbot, warned that executives and politicians must stop “sugar-coating” the mass layoffs that could happen […]

Culture

2 w. ago Small Companies Keep Going Public Even as Russell 2000 Struggles

An increasing number of small-capitalization companies are going public this year despite the Russell 2000 Index’s underperformance, as investors shrug off trade and inflation risks in search of returns.

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 Loblaw warning Canadians that grocery prices are about to skyrocket

We hate to be the bearer of bad news, but grocery prices are expected to continue rising in Canada amid U.S. President Donald Trump's tariffs, according to the latest report by Loblaw Companies Limited.The retailer, which owns numerous major grocery chains, including Loblaws, No Frills, and Real Canadian Superstore, released its May food inflation report on Tuesday, May 27.In the report, Loblaw said that thousands of everyday items are set to rise in price. While this isn't the best news for Canadians trying to reduce their grocery bill, the grocery giant did add that it could have been a lot worse.Recently, the Government of Canada introduced a six-month reprieve on tariffs on certain U.S. imports used in Canadian food manufacturing and packaging. Loblaw stated that this, in addition to the recent stabilization of the Canadian dollar, has helped mitigate the risk of a sharp or prolonged spike in food inflation."The Government's announcement exempts 'i...

Economics