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Canada faces tariff-induced recession as Trump moves hit economy hard despite Carney's pledgeCanada's GDP growth forecast has been cut from 1.8 per cent to 0.9 per cent. Canada's real GDP declined by 0.4 per cent. Unemployment rate ...- Bank of Canada cuts interest rate to 2.5% as GDP shrinks, job market softensBank of Canada has reduced its key interest rate to 2.5% amidst growing economic concerns. Governor Tiff Macklem cited job losses, a GDP dr...
- Bank of Canada: AI could boost inflationary pressures in short-term"In the short run, AI could boost demand more than it adds to supply through faster productivity growth," Macklem said in Toronto at an AI ...
- Finding jobs in Canada getting harder. Youth unemployment rate rises to multi-year highsCanada's economy saw a surprising loss of 1,400 jobs in June, causing the unemployment rate to rise to 6.4%, the highest in 29 months. Anal...
- Gold Price Today: Yellow metal opens slightly higher at Rs 72,914/10 gm; silver rises by Rs 1,100Gold Price Today: In response to recent volatility in the bullion market, the August futures of gold opened 0.55% higher at Rs 72,914 per 1...
- US dollar gains after stronger-than-expected services sector dataThe Institute for Supply Management said its nonmanufacturing purchasing managers index rose to 53.8 last month from 49.4 in April. May's r...
- Oil edges higher after inflation gloom hit pricesOil prices crept higher on Friday, having been under pressure from lingering concerns that sticky inflation could prolong higher interest r...
- Dollar falls with Treasury yields on views of looming US rate cutsIn cryptocurrencies, bitcoin retreated from a record struck earlier in the week, though its 0.4% loss on the day was insignificant in compa...
- Bank of Canada holds rates, still fretting about inflation outlookThe central bank raised rates by a quarter point in both June and July to a 22-year-high and has left them on hold in the three policy-sett...
- Gold steady as markets await U.S. jobs dataGLOBAL-PRECIOUS/PRECIOUS-Gold steady as markets await U.S. jobs data
- Asian shares slide as traders fret on Fed ratesAsian shares fell after the Bank of Canada hiked interest rates to 4.75%, offering hopes that the Federal Reserve would take a hawkish appr...
- Dollar steady as traders consider Fed, global rates outlookThe US dollar was weaker due to speculation of another rate hike by the US Federal Reserve. Higher expectations of US and global interest r...
- China's largest banks show wounds from property sector crisisChina's largest banks show wounds from property sector crisis
- Monetary Conditions Index could be a lead indicator of inflation: StudyWith RBI adopting flexible inflation targeting as a formal monetary policy objective where forward guidance and assessments assume signific...
- 5 world market themes for the week aheadRussia's invasion of Ukraine has wide-ranging implications for the economy and financial markets. Oil's spike above $100 a barrel may exace...
- Euro awaits ECB, Canadian, Aussie dollars linger near 2-month lowsAustralian retail sales rose 0.1 per cent in January, less than an expected 0.3 per cent.
- Asia stocks edge up on China stimulus hopes, oil near 2-month lowsMSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.2 per cent.
- Chinese banks bear brunt of economic slowdownThe bad loan ratio at ABC came in at 2.02 per cent as of the end of September, while that of the other three lenders was around 1.45 per ce...
- R-Power to save Rs 6,500 cr by Sasan project overseas loansAnil Ambani-led Reliance Power will save about Rs 6,500 crore in interest costs on funding its Sasan power project, as it has tied up fresh...
- Bank of China books 3.8 billion dollars in investment lossesBank of China posted $3.8 bn in potential losses on assets at the end of September, partially related to US subprime mortgage-backed securi...
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