4 d. ago US producer prices rise modest 2.6% in May with inflationary pressures still mild

WASHINGTON (AP) — U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild. The Labor Department reported Thursday that its producer price index — which measures inflation before it its consumers _ rose 2.6% in May 2024. Producer prices rose 0.1% from April to May after dropping […]

Economics

5 d. ago US Clothes, Toy Costs Show Tariff Hit Only at Margins So Far

For all the hand-wringing about tariffs, Americans are so far experiencing limited inflation from President Donald Trump’s protectionist trade policy.

Economics

5 d. ago U.S. inflation rises slightly. When will tariff impact show?

Economists expect inflation to heat up through the second half of the year. Walmart last month said it would begin raising prices in late May and June.

Economics

2 w. ago U.S. spending slows even as tariffs yet to show impacts so far

The figures show inflation is still declining from its post-pandemic spike, which reached the highest level in four decades in July 2022.

Economics

2 w. ago US inflation gauge cools with little sign of tariff impact, so far

WASHINGTON (AP) — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. Friday’s report from the Commerce Department showed that consumer prices rose just 2.1% in April compared with a year earlier, down from 2.3% in March and the lowest […]

Economics

2 w. ago New GDP numbers set to be released to show early tariff impact

The data will give the Bank of Canada a sense of how tariffs from the United States weighed on the economy early in the year ahead of its next interest rate decision.

Economics

2 w. ago As tariffs loomed, Canada’s economy grew 2.2% in the first quarter

The data will give the Bank of Canada a sense of how tariffs from the United States weighed on the economy early in the year ahead of its next interest rate decision.

Economics

2 w. ago Fed minutes: Uncertainty ‘elevated’ as risks of higher inflation and unemployment rise

WASHINGTON (AP) — Federal Reserve officials agreed earlier this month to hold off on any interest-rate moves while they evaluated the impact of President Donald Trump’s tariffs on inflation, unemployment, and the broader economy. According to minutes from their May 6-7 meeting, released Wednesday, “almost all” of the 19 officials that participate in the Fed’s […]

Economics

3 w. ago Uncertainty continues in Saskatchewan around U.S. tariff impact

Although the 25 per cent automotive tariff was imposed at the start of April, one Regina auto repair shop hasn't seen much of a change in prices, but the uncertainty continues.

Economics

3 w. ago Is Canada heading for recession? One economist says it may lack ‘severity’

A TD economist says Canada is heading into a recession, including job losses, as U.S. President Donald Trump's tariff policies impact businesses, but the severity is uncertain.

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