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‘Buckle up, this ride’s far from over’: Trump’s EU tariffs delay is no guarantee trade tensions won’t escalate, market watchers say
U.S. President Donald Trump called last week for a 50% tariff on EU goods to begin on June 1, but has since delayed the roll out of the duties to […] This post is only…
Calendar: May 26 – May 30
Monday May 26U.S. markets closed (Memorial Day)(8:30 a.m. ET) Canadian construction investment for March.(8:30 a.m. ET) Canadian manufacturing sales for March.–Tuesday May 27China industrial profitsEuro zone economic and consumer confidence(8:30 […] This post is only…
Scotiabank profit misses expectations as trade uncertainty boosts loan loss provisions
Bank of Nova Scotia BNS-T +0.07%increase reported lower second-quarter profit that missed analysts’ estimates as the lender set aside more provisions for loan defaults as the U.S. trade war puts pressure on consumers […] This post is only…
U.S. Leading Economic Index Slumps More Than Expected In April
The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators slumped by more than expected in the month of April.The report said the leading […] This post is only…
Australia Cuts Key Interest Rate For Second Time This Year
Australia’s central bank lowered its benchmark rate by a quarter-point for the second time this year as risks to inflation became more balanced, while uncertainties regarding economic outlook increased due […] This post is only…
China Cuts Loan Prime Rates For First Time In 7 Months
The People’s Bank of China reduced its benchmark interest rate for the first time in seven months to stimulate consumption and support the property market amid soothing trade tensions.The central […] This post is only…
Canada’s inflation rate slows sharply to 1.7% in April as consumer carbon price ends
The end of the consumer carbon price at the start of April drove inflation down sharply, Statistics Canada said Tuesday, but there were signs of pressure building at the grocery […] This post is only…
Canada Post receives strike notice from union, workers plan to walk out Friday
Canada Post says it has received strike notices from the union representing 55,000 postal workers. The Crown corporation says the notices state that employees plan to hit the picket line starting […] This post is only…
Consumer sentiment slides to second lowest on record as inflation expectations jump after tariffs
The index of consumer sentiment dropped to 50.8, down from 52.2 in April and hitting its second-lowest reading on record. The majority of the survey was completed before the U.S. […] This post is only…