2 h. ago With uncertainty over trade and tariffs, CPKC lowers financial forecast despite Q1 profit increase

Shifting tariffs and a risk of recession prompt more moderate earnings expectations

Economics

2 h. ago Ontario expected to fall into recession this year as a result of U.S. tariffs

There's been a lot of talk about a forthcoming recession in Canada since Wells Fargo forecasted that the nation will "enter a technical recession this year," but anyone who's been staying abreast of our languishing economic trajectory is well aware that we've already been in a per-capita recession for many months.With unemployment continuing to rise alongside the cost of living, the U.S. slapping tariffs on Canadian imports has come at possibly the worst time, and will be a key factor edging us into recession proper.Of course, some industries and geographical areas will feel the effects more than others, depending on how things end up playing out in the hands of a flip-floppy President Trump. But when it comes to Ontario specifically, one new report sheds light on what Canada's most populous province can expect economically.Coming from the desk of the Financial Accountability Office of Ontario, the docu...

Economics

7 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

5 d. ago Are we in a recession? Don’t trust lipstick and underwear sales as a gauge

As experts warn of a near-term recession brought on by U.S. President Donald Trump's tariffs, many are looking for clues that may not be the most reliable indicators.

Other

6 d. ago Younger Canadians are outsaving older ones as they enter trade war ‘survival mode’

Trump's tariffs are creating anxiety about jobs, inflation and recession, driving an increase in emergency savings

Economics

6 d. ago Most Americans expect higher prices as result of Trump’s tariffs, new AP

WASHINGTON — Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering, with a new poll showing that many people fear the country is being steered into a recession and that the president’s broad and haphazardly enforced tariffs will cause prices to rise. Roughly half of U.S. adults say that […]

Economics

2 w. ago US Firms Are Losing Their Appeal Among Europe’s Credit Investors

European credit investors are dialing back exposure to the US to recession proof their portfolios as President Donald Trump’s unpredictable tariff policy clouds the outlook for the world’s biggest economy.

Economics

2 w. ago Mexican Central Bank Says US Trade Tariffs Can Undercut Economic Growth Outlook

Mexico central bank members see odds of a weaker economy this year due in part to US tariff uncertainty, an outlook that incorporates greater chances of recession but can help tame inflation.

Economics

3 w. ago MORICI: Trump’s tariffs speeding America down the road to recession

President Donald Trump’s election last November ignited expectations for strong growth for the U.S. economy. Trump pledged to bring Americans a leaner government, less regulation and lower taxes, along with building U.S. leadership in artificial intelligence. These goals helped push the U.S. stock market higher from last November through mid-February, extending two years of impressive gains. Then came Trump’s tariffs. In March, Wells […]

Economics

3 w. ago Steep drop in global crude prices drag down Canadian energy stocks

CALGARY — Fears of a tariff-driven recession have led to a steep drop in the price of crude oil, walloping Canadian energy stocks and stoking worry about the sector’s outlook should the weakness persist. West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel on Friday, recovering some ground by […]

Economics

last month Trump tariffs not large enough to trigger recession so far in Canada: RBC

An RBC report says a "large majority" of Canadian exports to the U.S. will be exempted from Trump's tariffs so far under the free trade agreement, reducing recession risk.

Economics