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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 ...
- Canada to cut down on low-wage, foreign workforce: Prime Minister Justin TrudeauCanadian Prime Minister Justin Trudeau announced a reduction in low-wage, foreign workers, urging businesses to invest in Canadian workers ...
- 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...
- Canada's May job gains exceed forecasts; wage growth acceleratesThe unemployment rate ticked up to a 28-month high of 6.2% from 6.1% in April, matching forecasts. The jobless rate, on an uptrend over the...
- 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...
- 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...
- Rupee rises on Fed pivot hopes, but ends well off day's highsOn Wednesday, the Bank of Canada increased rates by 50 bps against 75 bps expected. Earlier this month, the Reserve Bank of Australia dlive...
- Expert take: How you should trade base metals next weekThe recent inflation data unexpectedly beat market expectations and renewed fears that the markets could witness a hefty rate hike in Septe...
- China's largest banks show wounds from property sector crisisChina's largest banks show wounds from property sector crisis
- 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...
- Dollar teeters as inflation test loomsInvestors have piled up bets against the dollar, but are growing nervous about whether the beginning of the end of enormous monetary stimul...
- 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.
- Dollar hovers near 2-week high, Aussie skids as economic growth disappointsThe Aussie was last down 0.3 per cent at $0.7062.
- I&B Ministry hikes advertisement rates for pvt TV channelsThe move comes just days after the government hiked by 25 per cent the rates at which the Bureau of Outreach and Communication releases its...
- Hold on to 3M, BOC India: Gaurang ShahGaurang Shah, Asst VP, Geojit BNP Paribas Financial Services in an interview with ET Now talks about 3M, BOC India.
- 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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