The order as written would eliminate, among others, the Bureau of African Affairs, the special envoy for climate, the Bureau of International Organizations, and the Office of Global Women’s Issues, as well as a number of other public diplomacy and public affairs bureaus.
In the US, investors will watch for any additional deterioration in consumer sentiment and inflation expectations when the University of Michigan issues revised data April data on Friday. Tariffs, and the risk they pose to both the economy and inflation, have been on the mind of survey respondents in recent months.
The largest spending promises include an income tax cut, defense spending, housing investments and a trade diversification fund to increase Canada’s ability to export to markets other than the US. The plan estimates C$20 billion in revenues from Canada’s retaliatory tariffs this fiscal year, which the Liberals say they would redistribute entirely to workers and […]
This is the second time in just over two years that she and colleagues find themselves puzzling over a rate decision in the wake of turmoil emanating from the US, but before Fed policymakers met. After the collapse of Silicon Valley Bank prompted market ructions in 2023, the ECB opted not to blink, and delivered […]
BlackRock’s Chief Executive Officer Larry Fink warned on Monday that most CEOs he talks to thinks the US is already in a recession while consumer sentiment plunged to the second-weakest reading on record. Airlines, food and drug stores and supermarkets have all seen falling sales in recent weeks, according to alternative data compiled by Bloomberg, […]
The executive, who’s led the bank since 2023, also said there’s an urgent need to renegotiate Canada’s trade agreement with the US and Mexico and to generally “get things done.” In conversations with Canada’s finance minister, he’s advised that the government “try to find a way to accelerate USMCA renegotiation,” ahead of the scheduled review […]
Breadcrumb Trail Links PMN Business US households probably experienced slightly less overall inflation last month, a reprieve that economists view as temporary in the wake of President Donald Trump’s tariff tsunami. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Apr 05, 2025 • 7 minute read 6no1)h3a(s(zhhn)gaw3{r5i_media_dl_1.png Bloomberg Economics Global Trade […]
Article content (Bloomberg) — The Canadian government issued a new warning for travelers entering the US, saying they should “expect scrutiny” at the border and that their phones and other electronic devices may be searched. Article content The updated travel advisory follows US President Donald Trump’s move to tighten border and immigration policy, which had […]
Article content (Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Article content Outgoing German Chancellor Olaf Scholz expressed solidarity with Canada to fend off President Donald Trump, who introduced tariffs against the northern neighbor and has repeatedly said it should become part of the US. “Canada is not a […]
Breadcrumb Trail Links PMN Business Conservative Party Leader Pierre Poilievre is promising to scrap capital gains taxes if the proceeds from an asset sale are reinvested in Canada. Author of the article: Bloomberg News Chunzi Xu Published Mar 30, 2025 • Last updated 1 hour ago • 1 minute read Pierre Poilievre, leader of Canada’s Conservative […]