3 d. ago Roots not seeing ‘pullback’ in consumer spending as retailer reports $7.9M Q1 loss

TORONTO — Consumers grappling with a global tariff war have yet to drop Roots Corp. from their shopping trips, the apparel retailer’s CEO said Friday, as the company reported a $7.9 million loss. “We haven’t seen any weakening and no pullback,” Meghan Roach told analysts who asked her whether consumer confidence has been lagging or […]

Economics

1 week ago Japan’s Early May Exports Drop as Tariff War Disrupts Commerce

Japan’s exports fell in the first 20 days of May as the Trump administration’s sweeping tariffs continued to disrupt trade.

Economics

1 week ago Japan’s Early May Exports Drop as Tariff War Upends Commerce

Japan’s exports fell in the first 20 days of May as the Trump administration’s sweeping tariffs continued to disrupt trade.

Economics

2 w. ago Dollar Steadies, Treasuries Drop as Trump Faces Tariff Setback

A gauge of the dollar briefly rose to a more than one-week high and Treasuries fell as investors reacted to news that the vast majority of President Donald Trump’s global tariffs were deemed illegal by the US trade court.

Economics

2 w. ago BMO reports rise in profit even as companies remain hesitant on borrowing

TORONTO — BMO Financial Group’s second-quarter profit rose from a year ago even as its Canadian banking and capital markets divisions saw income drop from tariff-related uncertainty. The bank on Wednesday reported a net income of $1.96 billion, up from $1.87 billion for the same quarter last year, with the biggest boost coming from lower […]

Economics

3 w. ago European Officials Urge ‘Calm’ Facing Trump 50% Tariff Threat

European officials sought to portray a unified calm after US President Donald Trump threatened to impose a 50% tariff on the bloc’s imports, a potential escalation that sent stocks tumbling on both sides of the Atlantic on concerns a trade war will disrupt the world’s largest commercial and investment relationship.

Economics

3 w. ago Japan’s exports slow in April as Trump’s tariffs dent shipments to the U.S.

TOKYO (AP) — Japan’s exports to the United States, its largest single trading partner, fell nearly 2% in April as tariff hikes imposed by President Donald Trump hit home. Globally, exports rose just 2% year-on-year, down from 4% in March, leaving a trade deficit for the first time in three months. Imports from the United […]

Economics