Trump threat: Tariffs on China, Canada and Mexico; Mexico warns on inflation and jobs
The dollar rose against major peers after Donald Trump threatened Canada and Mexico with a 25% tariff on all imports into the United States. Stocks were weak after strong gains globally in the previous session following hedge fund investor Scott Bessent being nominated as Treasury Secretary.
Trump's proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates
The proposed tariffs on China, Canada and Mexico could raise prices for United States consumers, according to Goldman.
How Do Tariffs Work and Will Trump's Plan Cause Inflation?
President-elect Donald Trump said he will impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office.
Trump’s Latest Tariff Plan Aims at Multiple Countries. What Does It Mean for the US?
President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States
What are tariffs and why does Trump plan to use more of them? What to know
President-elect Donald Trump has made tariffs on foreign imports the central part of his economic plan for the country. Will they work?
Trump's tariff plans shake markets: Currencies tumble
Donald Trump confirmed that his initial economic actions after the January inauguration will involve raising tariffs on products from China, Canada, and Mexico. The market has already reacted. Trump indicated that one of his first decisions would be to impose a 25% tariff on all products from Mexico and Canada.
Bank of Canada says inflation will fade into background as it settles at 2%
The Bank of Canada on Tuesday said inflation, which has been the center of attention and unhappiness for years amid rising prices, should fade into the background again as the annual rate settled back ...
Deflation No Cure for Affordability Crisis, Bank of Canada Says
A Bank of Canada official said policymakers aim to keep inflation near their 2% target, and pushed back on the idea that ...
Bank of Canada deputy warns pushing inflation below 2% comes with major risks
Mendes says in order for inflation to remain below two per cent, the central bank would have to keep the policy rate where it ...
Trudeau’s temporary GST relief, Canada’s inflation rises and AIMCo’s new board chair: Business and investing stories for Nov. 24
Trudeau’s temporary GST relief, Canada’s inflation rises and AIMCo’s new board chair: Business and investing stories for Nov.
Food Inflation in Canada Outpaces Wages, Fuels Worker Angst
Wage gains in Canada are trailing behind rising food prices, a major force driving the labor strife that has upended the ...
Canada's inflation rate jumps back to 2%, curbing large rate-cut bets
Canada's annual inflation rate rose more than expected to 2.0% in October as gas prices fell less than the previous month, ...
What To Expect From November’s CPI Inflation Report
The Consumer Price Index report for November will be released on December 11. A slight increase in headline inflation is ...
Bank of Canada says inflation will fade into background as it settles back at 2%
Bank of Canada deputy governor Rhys Mendes said this should allow consumers and businesses to spend and invest with ...
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Deflation no cure for affordability crisis, says Bank of Canada
A Bank of Canada official said policymakers aim to keep inflation near their 2% target, and pushed back on the idea that ...
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Sticking the landing: Keeping inflation at 2%
Deputy Governor Rhys Mendes discusses how monetary policy worked to bring inflation back down to target and why the Bank ...