9 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

11 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

17 h. ago Stocks Are Mixed in Buildup to Big Tech Earnings: Markets Wrap

European stocks rose, while US futures slipped as tariff turmoil threw up a mixed impact on company earnings and as investors looked ahead to key US economic data.

Economics

2 w. ago Steel, Aluminum Makers’ Earnings to Shed Light on Trump Tariff Impact

When the world’s biggest aluminum- and steel-makers report first-quarter earnings, investors are hoping they’ll offer a window into how President Donald Trump’s tariff measures will ripple through the industry in the coming year.

Economics

2 w. ago Bank of Canada holds interest rate steady for first time in 2025

The Bank of Canada (BoC) announced that it's holding its policy rate at 2.75 per cent on Wednesday morning.Before this, the central bank had made two 0.25 per cent cuts to its key interest rate, with the last one on March 12 bringing the rate to 2.75 per cent.On Tuesday, Statistics Canada shared March inflation data, showing that inflation slowed to 2.3 per cent following a 2.6 per cent increase in February.Last week, Ratehub.ca mortgage expert Penelope Graham told us that while Canada had largely dodged the worst of the tariff pain, the BoC's policymakers would assess the impact on our trade partners, and the effect at home, to make a decision on April 16.She said the central bank would be weighing plummeting consumer and business sentiment, based on its own quarterly survey.Upcoming Bank of Canada rate announcementsKeep an eye on the Bank of Canada website at 9:45 a.m. on the following dates:Wednesday, June 4, 2025 (rate update only)Wednesday, July 30, 2025 (rate up...

Other

2 w. ago Economist predict March inflation at 2.6 per cent, with ‘modest’ tariff impact

While trade tensions have helped put pressure on inflation in areas like a lower loonie, they've also reduced pressure in other areas, like lower economic confidence and lower commodity prices

Economics

2 w. ago CGTN: China’s silver screen pivot: Why U.S. tariff policy is to blame

CGTN published an article on how China’s new film partnership with Spain contrasts with its cuts to U.S. film imports, exposing the self-defeating impact of America’s tariff war – jeopardizing Hollywood’s most lucrative foreign market and undermining the country’s broader services trade dominance. BEIJING, April 13, 2025 (GLOBE NEWSWIRE) — During Spanish Prime Minister Pedro […]

Economics

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 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