8 h. ago Tariffs to have ‘greatest negative impact’ on U.S. economy, says JPMorgan survey

Stagflation a greater worry than recession for investors

Economics

8 h. ago Tariffs to have ‘greatest negative impact’ on U.S. economy of all Trump’s actions, says JPMorgan investor survey

Stagflation a greater worry than recession

Economics

57 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

58 h. ago Trump set to give automobile industry some tariff relief: White House

WASHINGTON — White House Press Secretary Karoline Leavitt said U.S. President Donald Trump is set to sign an executive order on automobile tariffs later Tuesday which is intended to provide some relief to the industry besieged by multiple duties. Leavitt did not provide details about the action but Treasury Secretary Scott Bessent said Trump is […]

Economics

6 d. ago Canadians see U.S. relationship as just as bad as with Russia: survey

According to polling, Canadians say their relationship with the United States has sunk to levels comparable to that of Russia and China, and citing Trump's actions.

Other

2 w. ago Bank of Canada holds key rate steady amid trade war, economic uncertainty

OTTAWA — The Bank of Canada left its benchmark interest rate unchanged Wednesday as it waits to get a clearer picture of how global trade uncertainty is going to impact the Canadian economy.  The central bank held its policy rate steady at 2.75 per cent, the first time it has left the key rate unchanged […]

Economics

2 w. ago Le plan Trump: isolement, banqueroute, illégalité et médiocrité

À chaque nouvelle action de son régime incompétent et autoritaire, Donald Trump contribue à remodeler les États-Unis à son image.

Economics

2 w. ago S&P Sees High Risk of Ford, GM Ratings Downgrade on Auto Tariffs

Ford Motor Co. and General Motors Co., along with nearly a dozen car-parts suppliers, are at high risk of a negative ratings action in the coming weeks if looming tariffs from the Trump administration take effect, according to an S&P Global Ratings report.

Economics

2 w. ago Possible délit d’initié? Des sénateurs demandent une enquête sur le revirement de Donald Trump

Des sénateurs démocrates ont demandé une enquête pour déterminer si Trump avait commis une infraction en encourageant l’achat d’actions.

Other

2 w. ago Mexico Aims to Raise Auto Tariff Exemptions, Trade Official Says

Mexico wants a greater proportion of each auto built in the country to qualify for US origin status, a move that would lower the impact of President Donald Trump’s tariff policies, Deputy Economy Minister for Foreign Trade Luis Rosendo Gutierrez said.

Economics

3 w. ago Trump lets the water flow – again – as he reverses Biden rule restricting showerheads

WASHINGTON (AP) — President Donald Trump has long complained about modern rules that limit water flow for showerheads, making it harder for him to wash his “beautiful hair.” In his first term, Trump directed that restrictions on showerheads be loosened, an action that former President Joe Biden reversed. Now Trump is going to let the […]

Politics

3 w. ago Trump Signs Order to Protect Big Oil From State Emissions Fines

US President Donald Trump is ordering the Justice Department to take legal action against states that impose fines on fossil fuel companies for their greenhouse gas emissions.

Society

3 w. ago Tariffs May Not Impact Travel Economy, Global Tourism Expert Says

The World Travel & Tourism Council’s CEO says her industry is poised to grow in 2025, even in the face of a global recession.

Economics

3 w. ago Thai Parliament Holds Urgent Debate as US Tariff Takes Effect

Thailand’s parliament held an urgent debate on the fallout of the 36% US levy on the country’s exports as lawmakers expressed concern about the long-term impact of the tariff on the trade-reliant nation’s economy.

Economics

3 w. ago Trump meets with the House GOP as his ‘big’ bill of tax breaks and spending cuts teeters

WASHINGTON (AP) — House Speaker Mike Johnson found himself in a familiar jam on Tuesday: Conservative Republican holdouts are stalling action on President Donald Trump’s “big” bill of tax breaks and spending reductions, refusing to accept a Senate GOP budget framework approved over the weekend because it doesn’t cut enough. Trump summoned House Republicans to […]

Economics

3 w. ago ‘Tough days ahead’: How Canada’s leaders reacted to Trump’s market chaos

Liberal Leader Mark Carney said Trump’s trade actions have 'significantly' raised the probability of a recession in the U.S., and of 'significant effects' on Canada's economy.

Politics

3 w. ago Hundreds march around U.S. Embassy in Ottawa to protest tariffs, Trump

The "Hands Off!" rally was part of the Global Day of Action against the Trump administration. 

Economics

3 w. ago Varcoe: 'Market is fearful' — Global trade war, increased OPEC production shock oil prices, stocks

“There's a lot of uncertainty around how this is going to impact the global economy”

Economics

3 w. ago Most Republicans won’t use U.S. Congress’ power to stop Trump’s tariffs

A handful of Republicans say they support limiting the president's ability to impose tariffs, but the idea of defying Trump seemed to squelch potential for quick action.

Economics

4 w. ago Dollar Slides on Concern Trump’s Tariffs Will Batter US Economy

A gauge of the dollar slid to a five-month low as traders braced for the impact of higher US tariffs on the economy.

Economics