4 h. ago GM Lowers Guidance as Trump Tariffs Will Cost Up to $5 Billion

General Motors Co. lowered its full-year profit outlook, just two days after suspending earnings guidance, citing exposure to as much as $5 billion in auto tariffs being levied by President Donald Trump.

Economics

4 h. ago Yellen Warns US Recession Risk Is ‘Way Up’ After Trump’s Tariffs

Janet Yellen warned that the risk of a US recession has “gone way up” after Donald Trump’s sweeping tariffs rattled financial markets, consumers and businesses.

Economics

5 h. ago Russia Triples 2025 Deficit Target With Less Energy Income Seen

The Russian Finance Ministry more than tripled its budget deficit target for this year after expectations for revenue and the price of oil were reduced amid US President Donald Trump’s tariffs.

Other

12 h. ago U.S. Senate votes against resolution to block Trump’s global tariffs amid economic turmoil

Wary of a rebuke to Trump, GOP leaders encouraged their conference not to vote for the resolution, even as many of them remain unconvinced about the tariffs

Economics

14 h. ago Trade War Leads Canadian Pacific Kansas City Railway to Lower 2025 Guidance

Canadian Pacific Kansas City Ltd. cut its financial outlook for this year due to the uncertainty caused by the US administration’s tariff and trade policy.

Economics

17 h. ago The Senate is voting on whether to block Trump’s global tariffs amid economic turmoil

WASHINGTON (AP) — Senate Democrats are forcing a vote Wednesday evening on whether to block global tariffs announced by Donald Trump earlier this month, a potentially tough vote for some Republicans who have expressed concerns about the policy but are wary of crossing the president. Trump announced the far-reaching tariffs on nearly all U.S. trading […]

Economics

20 h. ago How U.S. tariff uncertainty weighed on Bank of Canada’s latest rate move

The Bank of Canada is growing more cautious about interest rate policy as U.S. President Donald Trump's tariffs take effect on the economy, according to the latest report.

Economics

20 h. ago Bank of Canada considered cutting interest rate in April as Trump tariffs roiled markets

Summary of minutes shows some policymakers wanted more information on tariffs and their potential impact

Economics

21 h. ago Trump’s ‘Erratic’ Tariff Policy Prompted Bank of Canada Pause

Bank of Canada officials considered cutting interest rates at their April meeting before opting to wait for more information as they weighed the volatile changes in US President Donald Trump’s trade policy.

Economics

23 h. ago Ontario could be sent into ‘modest’ recession by U.S. tariffs

A new report released Wednesday examined the impacts of steel, aluminum and auto tariffs levied by U.S. President Donald Trump on Canadian exports.

Economics

23 h. ago Old wisdom of ‘sell in May’ back in focus as stock market churns

Investors use seasonality as one of many factors to assess equities' behaviour in the face of Trump tariff unpredictability

Economics

23 h. ago Brookfield Weighs US Manufacturing Investment Following Tariffs

Brookfield Infrastructure Partners LP is looking to invest in US manufacturing operations as companies plan to build new plants following President Donald Trump’s tariff plans.

Economics

23 h. ago Weak GDP report tied to tariffs has Trump trying to blame Biden on the state of the economy

WASHINGTON (AP) — President Donald Trump got worrisome news on Wednesday about how the U.S. economy is battening down for potential fallout from his tariffs — and he was quick to try to pin the blame on his Democratic predecessor, Joe Biden. The government reported that the U.S. economy shrank at an annual rate of […]

Politics

25 h. ago US inflation cools and Americans step up spending as they brace for tariff impact

WASHINGTON (AP) — A closely watched inflation gauge cooled last month in a sign that prices were steadily easing before most of President Donald Trump’s tariffs were implemented. At the same time, consumers accelerated their spending, particularly on cars, likely in an effort to get ahead of the duties. Wednesday’s report from the Commerce Department […]

Economics

25 h. ago U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt businesses

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business. First-quarter growth was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before Trump imposed massive tariffs. The January-March […]

Economics

27 h. ago Tariff impact grows as companies’ steps to soften blow fades: Deloitte

Deloitte Canada's chief economist says a modest downturn is ahead for Canada, while a loss of free-trade access to the United States would create a more permanent hit.

Economics

32 h. ago Stellantis Posts Sales Slump, Suspends 2025 Guidance on Tariffs

Stellantis NV posted weaker sales on slumping demand in North America, while suspending its financial guidance for the year on uncertainty tied to President Donald Trump’s auto tariffs.

Economics

36 h. ago Chinese Solar Losses Deepen Even Before Worst of Trump Tariffs

Chinese solar manufacturers continue to plunge deeper into the red, and the outlook is getting gloomier as sky-high tariffs on exports threaten to compound domestic oversupply.

Economics

39 h. ago Trump Bashes Powell, Touts Tariffs at 100 Day Rally in Michigan

President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during an event on Tuesday to mark his 100th day in office.

Economics

39 h. ago Trump Bashes Powell, Touts Tariffs at Rally Marking 100 Days

President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office.

Economics