Despite a better-than-expected first quarter for Canada’s economy, the Bank of Canada held its interest rate again as it contends with tariff uncertainty and economic volatility. … READ MORE >
tariffs
Market Minute: Mentions of tariffs soar in earnings transcripts of middle market firms
Since last August, total mentions of tariffs in earning transcripts of Russell 3000 firms have increased from 91 to 5,071 in May using a three-month moving average. … READ MORE >
Canada’s economy grows 0.5% in 1st quarter due to exports, but challenges loom
Canada’s economy grew in the first quarter largely due to pre-tariff efforts, but ongoing uncertainty means the economy is expected to contract next quarter. … READ MORE >
Market Minute: Can businesses absorb the cost of tariffs?
Wherever the effective tariff rate ends up, any reduction in margins because of the significant increase in trade taxes will result in reduced growth, higher inflation and rising unemployment. … READ MORE >
Market Minute: Why global bond yields are rising
Unfunded tax cuts, outlays on defense and infrastructure as well as rising inflation expectations are pushing global bond yields higher, which will put at risk private sector investment. … READ MORE >
Market Minute: Estimating tariff revenues on EU exports to the U.S.
Using Penn-Wharton’s tariff simulator one can estimate the revenue generation linked to a large tariff on all imports to the U.S. from the EU. … READ MORE >
Inflation falls in Canada as end of consumer carbon tax offsets other increases
Canada’s consumer price index (CPI) fell to 1.7% in April thanks to the removal of the consumer carbon price and lower crude oil prices. For now, price increases associated with U.S. tariffs seem to have been kept at bay. The end of the consumer carbon tax should continue to apply … … READ MORE >
Market Minute: Something’s got to give in financial markets
Now, as the impact of tariffs begins to hit consumers, it would not be surprising if investors push yields higher and the dollar lower. … READ MORE >
Market Minute: Strategic autonomy, India and the U.S. trade relationship
While there is ample room for India to lower its tariffs, it is doubtful that India will give much on its oil imports or any framework that restricts efforts to move up the value chain in the global economy. … READ MORE >
Cracks in spending and manufacturing begin to form
April retail sales showed a sharp turn in consumer spending at retail stores and restaurants, following months of stockpiling ahead of tariffs. … READ MORE >