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economic

Harris vows to help home buyers, ban food price gouging in sweeping cost-of-living proposals

by Walter Watson
Harris vows to help home buyers, ban food price gouging in sweeping cost-of-living proposals

U.S. Vice-President Kamala Harris announced a sweeping set of economic proposals on Friday meant to cut taxes and lower the cost of groceries, housing and other essentials for many Americans. …

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U.S. nearly doubles duty on Canadian softwood lumber

by Anas Siddiqui
U.S. nearly doubles duty on Canadian softwood lumber

The U.S. is dramatically increasing the duty it charges on softwood lumber imports from Canada, setting the rate at 14.54 per cent. The previous duty was 8.05 per cent. The new rate …

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Steel and aluminum CEOs warn of ‘existential threat’ if Canada doesn’t impose tariffs on China

by Anas Siddiqui
Steel and aluminum CEOs warn of ‘existential threat’ if Canada doesn’t impose tariffs on China

Canada’s steel and aluminum industries are warning they face an “existential threat” if the Trudeau government fails to move in lockstep with the U.S. and Mexico by introducing tariffs on …

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Quebec investing another $413M in Airbus partnership to keep assembly line in the province

by Anas Siddiqui
Quebec investing another 3M in Airbus partnership to keep assembly line in the province

Quebec is extending its partnership with Airbus Canada until 2035, the two jointly investing $1.65 billion to keep manufacturing its narrowbody A220 planes in the province. The French aerospace giant …

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The Bank of Canada’s growing list of worries

by Anas Siddiqui
The Bank of Canada’s growing list of worries

For months, the Bank of Canada has been trying to thread a needle: slow the economy just enough to get inflation back under control but not so much that it causes …

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Could EU elections save Canada’s troubled trade agreement with Europe?

by Walter Watson
Could EU elections save Canada’s troubled trade agreement with Europe?

At a summit in Brussels in 2016, Prime Minister Justin Trudeau took the stage with European leadership for what he called a “historic occasion” — the signing of the Comprehensive …

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New govt may cut FY25 fiscal deficit target amid robust growth and windfall RBI dividend

by Ron Morgan
New govt may cut FY25 fiscal deficit target amid robust growth and windfall RBI dividend

New Delhi: The new government may cut the fiscal deficit target for the current financial year when it presents the full budget in July, encouraged by a better-than-expected deficit reading …

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As Putin meets with Xi, China is forced to consider how far it will go to help a friend

by Walter Watson
As Putin meets with Xi, China is forced to consider how far it will go to help a friend

As Vladimir Putin and his large entourage touch down Thursday in Beijing for a two-day state visit, there were be plenty of public overtures about cooperation, but with China facing increasing pressure …

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‘We are getting closer’ to cutting interest rates, Bank of Canada governor tells MPs

by Anas Siddiqui
‘We are getting closer’ to cutting interest rates, Bank of Canada governor tells MPs

The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank’s governor, Tiff Macklem, told MPs Thursday. …

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U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

by Walter Watson
U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have …

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