U.S. President Donald Trump abruptly cut off all trade negotiations with Canada on Friday, citing Ottawa’s Digital Services Tax (DST) for the decision. The tax, enacted last June, targets U.S. technology companies that operate in Canada […]
Author: Consultant
Canada responds after Trump halts trade talks over digital services tax
OTTAWA – Canada will proceed with a digital services tax (DST) on technology companies, which President Donald Trump called “a direct and blatant attack on our country” in a Truth Social post […]
Calendar: What investors need to know for the week ahead
Monday June 30China PMIJapan industrial productionECB forum on central banking in Sintra, Portugal (through Wednesday)–Tuesday July 1Canadian markets closedJapan manufacturing PMIEuro zone CPI and manufacturing PMIGermany unemployment(9:30 a.m. ET) U.S. […]
Eurozone Economic Sentiment Falls Unexpectedly
Eurozone economic sentiment weakened unexpectedly in June primarily driven by reduced confidence in industry and retail trade, a monthly survey data from the European Commission showed on Friday.The economic confidence […]
Japan Retail Sales Growth Eases; Jobless Rate Stable At 2.5%
Japan’s retail sales growth eased to a three-month low in May and the unemployment remained stable, official data revealed on Friday.Retail sales grew 2.2 percent on a yearly basis, slower […]
China Industrial Profits Fall
China industrial profits declined notably in May as tariff tensions damped activity, figures from the National Bureau of Statistics showed Friday.Industrial profits decreased 9.1 percent in May from a year […]
June 27: Crude Oil Edges Higher With Approaching High Summer Demand
Despite the truce in the Middle East, crude oil posted gains on Friday in the wake of the US confirming readiness to sign trade deals with China and multiple other […]
June 27: Gold Pulls Back Sharply As Safe Haven Demand Subsides
Gold fell sharply on Friday, slipping to a nearly one-month low as investors move to riskier assets amid a backdrop of easing geopolitical tensions.Front Month Comex Gold for July plunged […]
Canada’s annual inflation rate unchanged at 1.7% in May, core measures slightly ease
Canada’s annual inflation rate in May was unchanged from the previous month at 1.7 per cent as drop in gasoline costs continued to keep the overall index stable while prices of shelter, food and […]