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European Central Bank cuts interest rates, warns of ‘deteriorated’ growth outlook on trade tensions
The European Central Bank made yet another 25-basis-point interest rate cut on Thursday as global tariff turmoil has created widespread uncertainty and spurred fears about the euro zone’s economic growth.A […] This post is only…
Apr 17/25: Gold prices retreat from record high as investors cash in
Gold prices pulled back from a record high on Thursday as investors booked profits following a rally driven by concerns around U.S. President Donald Trump’s latest wave of tariff policies.Spot […] This post is only…
Bank of Canada holds key interest rate steady at 2.75% amid U.S. trade uncertainty
The Bank of Canada held its benchmark interest rate steady at 2.75 per cent on Wednesday, hitting pause on its easing campaign after seven consecutive cuts.The bank held off publishing a […] This post is only…
Canadian inflation surprisingly eases ahead of coin-toss Bank of Canada rate decision
Canada’s inflation rate surprisingly cooled in March as travel-related prices fell during the month, coinciding with a sharp pullback in trips to the United States during the trade war.The consumer […] This post is only…
Apr 4/25: Gold Slips From Record High
Gold prices were subdued on Monday, after having touched record highs earlier in the session.Spot gold slipped 0.2 percent to $3,229.56 per ounce in European trade after hitting a new […] This post is only…
Canadian wholesale trade up 0.3% to $85.7-billion in February
Statistics Canada says wholesale trade, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.3 per cent to $85.7-billion in February.The overall increase in sales came […] This post is only…
Apr 14/25: Oil Prices Inch Higher In Cautious Trade
Oil prices traded higher on Monday, with a weaker dollar and geopolitical tensions offering some support. There was some cheer as Chinese data showed a sharp rebound in crude imports […] This post is only…
Trump says specific tariff will be placed on semiconductor industry, rate to be announced within week
While speaking with reporters on Air Force One on Sunday night, Trump said the goal behind the specific tariff is to “uncomplicate” trade in the semiconductor sector.“We wanted to uncomplicate […] This post is only…
Trump team holds ‘constructive’ face-to-face nuclear talks with Iran, will meet again next weekend
The talks took place on the outskirts of Oman’s capital, Muscat, and lasted just over two hours. Omani Foreign Minister Said Badr hosted the meeting. Iranian state TV later confirmed the […] This post is only…