Canada’s latest jobs report showcased the impact of U.S. tariffs as key industries saw high job losses while the overall unemployment rate rose. … READ MORE >
tariffs
The U.S.-UK trade agreement that isn’t
A trade agreement where the details are still being negotiated is not an agreement. It’s a memorandum of understanding that over time may yield a productive framework for trade or not. … READ MORE >
Fed maintains rates but signals risk of stagflation
The Federal Open Market Committee held its policy rate steady in a range between 4.25% and 4.5% on Wednesday. But the Fed updated its policy statement in which it highlighted the risk of stagflation. … READ MORE >
Market Minute: Oil prices are falling, so why not gas?
Since hitting $80 a barrel on Jan. 15, a barrel of West Texas Intermediate crude has fallen by nearly 30%, hitting $56.69 on May 5. Retail gasoline prices, meanwhile, have risen slightly. … READ MORE >
Service providers saw a jump in prices in April
The top-line ISM service sector index rose to 51.6 from 50.8, while the prices paid subindex rose to 65.1 from 60.9. … READ MORE >
Trade shocks, employment and the coming recession
Another disruption to U.S. supply chains through trade policy will mark the end of the current business cycle as the economy slips into recession. … READ MORE >
5 things to know in life sciences: Week of April 28, 2025
Each week we highlight five things affecting the life sciences industry. Here’s the latest. … READ MORE >
Last call on the current business cycle? U.S. added 177,000 jobs in April.
The labor market expanded at a solid pace in April, which should be taken as a positive given the price shock that will soon begin showing up. … READ MORE >
Canada’s weakened financial conditions point to slower growth
Canada’s financial conditions have deteriorated as the prospect of slower economic growth looms in the coming quarters amid tariff-induced uncertainty. … READ MORE >
On the knife’s edge: U.S. GDP contracted by 0.3% in the first quarter
The American economy is navigating an air-pocket that has caused it to rapidly lose altitude. It has entered a period that is best characterized as stagflation and that will in the near term limit the degrees of freedom on policy at the Federal Reserve. … READ MORE >