Tag: Economy
Stocks fall as fears of recession increase
The stock market took a big slide Monday following a lackluster jobs report and growing fears of a recession in the next year. Jo Ling Kent breaks down what it all means.
Wall Street, global markets tumble as fears grow of slowing U.S. economy
The tumbles were spurred by Friday’s report showing unexpectedly slower hiring among U.S. employers, raising fears of a coming recession.
Global oil prices set for 4th weekly decline amid demand concerns
Oil prices remained on course for a fourth successive weekly decline as signs of weak growth in global fuel demand outweighed fears of supply disruption in the Middle East.
Bank of England joins global easing cycle with 1st rate cut in 4 years
The bank said that by a 5-4 margin, its policymaking panel backed a quarter-point reduction in its main interest rate to five per cent, from the 16-year of 5.25 per cent.
Slowing Germany drags down Europe’s economy as U.S. tops expectations
Preliminary figures for how Canada's economy fared in the second quarter of the year are due out on Wednesday.
TC Energy’s US$15B Keystone XL claim thrown out by trade tribunal
TC Energy Corp.'s ill-fated Keystone XL pipeline has suffered a major blow after a trade tribunal decision that tossed out its claim to US$15 billion in damages.
Major elections are set for 4 G7 countries. Will economic bumps follow?
Four G7 countries are voting soon. A former U.S. Treasury official warned U.S. and France elections could result in “a very large boost in global inflation.”
What will the Canada-U.K. relationship look like under a Labour government?
The Canada-U.K. relationship, while typically strong, has faced some bumps in the road this year and analysts say those tensions may continue for the short term.
Doug Ford calls for tariffs on Chinese EVs: ‘We risk Ontario and Canadian jobs’
On Thursday, Ford released a statement warning that China was 'flooding' the country with 'artificially cheap electric vehicles' that could put auto jobs at risk in Ontario.
Airports demand millions in unpaid fees from defunct Lynx Air
Authorities for the Calgary, Vancouver, Edmonton, Halifax and Winnipeg airports are asking for an order instructing Lynx to hand over $4.1 million in unpaid fees.
Bank of Canada should consider better communication of monetary policy: IMF
In a statement, the IMF said strengthening communications could include explanations on how quickly the Bank of Canada thinks the policy rate could return to neutral.
European Central Bank lowers rates after Bank of Canada cut
Inflation in the 20 countries that share the euro has fallen from more than 10 per cent in late 2022 to just above the ECB's two per cent target in recent months.
Global debt hit record US$97T last year, 30% owed by developing nations: UN
In a report released Tuesday, the United Nations said that high interest payments are outstripping growth in essential public spending around the world.
Peloton cuts 15% of its global workforce, CEO steps down
Peloton CEO Barry McCarthy is stepping down, the company said on Thursday as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand.
Bombardier, Airbus get exemptions from Canadian sanctions on Russian titanium
Canada is the first Western government to ban Russian supplies of titanium as part of a package to mark the second anniversary of Russia's Ukraine invasion in February.
