Economy
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Auto industry cries foul as Trump moves toward car tariffs
It’s provoking a backlash among members of Congress and warnings of tens of thousands of lost jobs.
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Frustrated US lawmakers threaten action on Trump’s tariffs
They’re using congressional hearings to put the spotlight on economic fallout for local farmers and businesses.
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Groundbreaking ceremony held for new Gordie Howe international bridge
Canadian-financed span over the Detroit River to provide direct connections to existing highway networks in Windsor and Detroit.
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Japan, EU sign trade deal to eliminate nearly all tariffs
Covers a third of the global economy and markets of more than 600 million people.
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Canada less competitive than US, especially when to comes to taxes: CPA survey
Optimism about the economy holds from from Q1 but plunges compared to Q2 last year.
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We don’t want to go where trade wars have taken us before
Trump is not deterred by economists’ warnings of a global trade war that could usher in a new depression.
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China files WTO challenge to US $200B tariff plan
Beijing looking to rally support from governments that criticized Trump for going outside the WTO to impose tariffs.
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World economy likely to grow 3.9% this year: IMF
But the proliferation trade conflicts has raised the risk of worse outcomes.
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Bank of Canada raises rate, predicts economic resilience despite trade risks
The rate hasn’t been this high since December 2008.
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Bank of Canada widely expected to get back on its rate hiking path
Bank of Canada governor Stephen Poloz hasn’t touched the rate since he increased it in January, a move that followed increases last year in September and July.
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US tariffs take effect, China announces retaliation
Tariffs are on affecting a $34 billion list of American goods including soybeans, pork and electric cars.
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After meeting with Ford, Trudeau decries populism in Brampton rally
Says negative campaigning coupled with nationalism and populism isn’t a positive for Canada.
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Economy adds 31,800 jobs in June, unemployment rate rises to 6%
Average hourly wage growth, closely watched by the Bank of Canada, remained strong last month at 3.6%.
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Lessons in Chinese history as America shuts off from the world
It’s now a post-American era, where the US is not falling, but other countries are closing the gap.
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Why the US and China brawl over high technology
Trump administration sees Beijing as orchestrating a brass-knuckles campaign to supplant US technological dominance.
