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Market minute: U.S. effective tariff rate hits 23%, creating conditions for downturn
The effective tariff rate in the United States now stands at 23% following Wednesday's announcements of new tariffs, with the trade-weighted average mean currently resting at 18%. ... READ MORE >
Main Content
Canada spared from worst of new U.S. tariffs—but economic challenges remain
The absence of new tariffs is a small consolation prize for Canada as the U.S. imposed sweeping tariffs on most countries, but economic challenges remain. … READ MORE >
Job openings and manufacturing data deepen concerns over growth and inflation
Manufacturing activity and sentiment contracted again after two months of modest expansion mostly because of the impact of anticipated tariffs on orders and prices. … READ MORE >
Market Minute: Remittances to Mexico from the U.S.
The economic interdependence between the U.S. and Mexico is significant and unwinding it will be painful on both sides of the border. … READ MORE >
Oil industry uncertainty around costs and prices risks production downturn
While oil and gas companies have voiced support and even enthusiasm for the administration’s “drill baby drill” policies, the Dallas Fed’s energy survey for the first quarter reflects a different perspective. … READ MORE >