Today: September 21, 2024
Today: September 21, 2024

Latest From Promit Mukherjee

Economy|News

Canada's 2% inflation rate in August raises hopes for large rate cut

Canada's annual inflation rate reached the central bank's 2% target in August, data showed on Tuesday, fuelling hopes for a 50-basis-point interest rate cut by

Canada's 2% inflation rate in August raises hopes for large rate cut
Economy|Finance

Canadians still feeling the economic pain despite three early rate cuts

Despite three interest rate cuts since June, Canadian consumers still appear to be feeling more stressed than their neighbors in the U.S., where the Federal

Canadians still feeling the economic pain despite three early rate cuts
Business|Economy|News

Canada's growth stronger than expected, bank still seen cutting rates

Canada's economy grew faster than expected in the second quarter, data showed on Friday, but analysts said the central bank was still on track to cut rates for a

Canada's growth stronger than expected, bank still seen cutting rates
Americas|Asia|Business|Economy|News|Technology

Canada to impose 100% tariff on Chinese EVs, including Teslas

Canada, following the lead of the United States and European Union, said on Monday it will impose a 100% tariff on imports of Chinese electric

Canada to impose 100% tariff on Chinese EVs, including Teslas
Business|Economy|News

Canada's rail shutdown could hit GDP hard, kill jobs if protracted

Canada's economy could shrink by billions of dollars this year if a rail stoppage that began on Thursday continues for weeks, and the knock-on effects would

Canada's rail shutdown could hit GDP hard, kill jobs if protracted
Business|Economy|News

Canada-wide freight rail stoppage looms this week as two firms issue lockout notices

Canada's freight rail network could come to a grinding halt this week, inflicting a huge economic toll after the country's two largest railroad operators on

Canada-wide freight rail stoppage looms this week as two firms issue lockout notices
Business|Economy|Finance|News

Canada's CPKC expands freight embargoes ahead of looming work stoppage

Canadian Pacific Kansas City said on Saturday it would halt any new rail shipments originating in Canada, and all new U.S. shipments destined for Canada starting

Canada's CPKC expands freight embargoes ahead of looming work stoppage
Economy|Finance

Bank of Canada cuts rates, sees weaker economy in 2024

The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5%, and said

Bank of Canada cuts rates, sees weaker economy in 2024
News|Political

Canada's defense spending commitment presents unsavory choices

Canada's promise this week to increase defense spending to 2% of GDP by 2032 was welcome news to the country's NATO allies, but meeting that commitment could

Canada's defense spending commitment presents unsavory choices
News|Political

Indian interference claims by Canada politically motivated, says envoy

India has said a report by Canadian legislators alleging interference by New Delhi is politically motivated and influenced by Sikh separatist campaigners.

Indian interference claims by Canada politically motivated, says envoy
Business|Economy

Bank of Canada should opt for cautious rate cuts, economists say

The Bank of Canada will need to play very safe in its easing cycle, despite widespread expectations of an immediate July rate cut, and take a much slower path

Bank of Canada should opt for cautious rate cuts, economists say
Business|Economy

Bank of Canada could tilt to July rate cut to benefit from flood of data

The Bank of Canada (BoC) may dash hopes of a June interest rate cut and instead move in July, which will give it seven more weeks of key data to confirm the

Bank of Canada could tilt to July rate cut to benefit from flood of data
Business|Economy|News

Canada retail sales miss expectations with second monthly fall

Canada's retail sales contracted for the second consecutive month in February, missing expectations, data showed on Wednesday, led by a drop in sales at gasoline

Canada retail sales miss expectations with second monthly fall

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