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

Stagflation a greater worry than recession for investors

Economics

16 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

66 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...

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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 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

3 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 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 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

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

4 w. ago A Consultant Who Beat Wall Street Stands By Bullish Euro Call

One of the few analysts to correctly predict the euro’s rise against the dollar this year is sticking to his recommendation as he awaits the impact of trade tariffs on the US economy.

Economics