Category: Economy

Jun 20

IMF applauds Canada’s climate action, warns of ‘race to the bottom’ with subsidies

Breadcrumb Trail Links PMN Business Author of the article: The Canadian Press Nojoud Al Mallees Published Jun 20, 2023  •  2 minute read Join the conversation The International Monetary Fund is crediting Canada for its “multipronged” approach to addressing climate change, but is warning that its green subsidies could stoke an international race to the […]
Jun 14

U.S. Federal Reserve holds interest rate: Read the official statement

Article content Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. Article content The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh […]
Jun 14

Fed leaves interest rates on hold for first time in 15 months, signals 2 more hikes this year

Breadcrumb Trail Links News Economy Could raise again next month Author of the article: The Associated Press Christopher Rugaber Published Jun 14, 2023  •  Last updated 14 minutes ago  •  3 minute read Join the conversation U.S. Federal Reserve chair Jerome Powell. Photo by Anna Moneymaker/Getty Images Article content WASHINGTON — The United States Federal Reserve […]
Jun 12

David Rosenberg: The Bank of Canada may rue its recent interest rate hike

Breadcrumb Trail Links Economy Areas of the economy most sensitive to rates already seem to be in recession Bank of Canada governor Tiff Macklem hiked rates by 25 basis points at the June 7 meeting. Photo by Sean Kilpatrick/Canadian Press/Bloomberg Article content There are lies. There are damned lies. And then there are statistics. To […]
Jun 11

Better transit key to Toronto core recovery

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post […]
Jun 3

Pakistan would not default on any sovereign commitments: Finance Minister Dar

Debt-ridden Pakistan‘s Finance Minister Ishaq Dar on Saturday said that his country would not default on any sovereign commitments and overcome the current economic problems through long-term reforms.Speaking to a delegation of the Karachi Chamber of Commerce and Industry (KCCI), which called on him here ahead of the finalisation of budget 2023-24, Dar also said […]
Jun 3

Bank of Canada still has time to pause interest rates: Dawn Desjardins

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post […]
Jun 3

Canada’s GDP blowout and the end of the U.S. debt ceiling crisis. Here are the week’s top 7 stories

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post […]