The Dow Jones U.S. Trucking Index has declined 24% from its peak on Nov. 11 and is down 21.5% since its recent high on Feb. 18. … READ MORE >
tariffs
Market minute: Drill, baby, drill and the 25% tariffs on steel and aluminum
The spot price of 5.5-inch diameter North American steel pipe, used by drillers to extract oil, has soared more than 20% over the past month. … READ MORE >
Bank of Canada cuts interest rate to 2.75% as tariffs cloud outlook
The Bank of Canada reduced its key interest rate to 2.75 per cent on Wednesday amid tariffs and ongoing trade tensions. Rising uncertainty clouds Canada’s economic outlook as U.S. tariffs threaten to raise prices while thwarting growth. If further trade measures are introduced next month, expect the Bank of Canada … … READ MORE >
Another delay in U.S. tariffs—what does this mean for Canada?
U.S. tariffs on some Canadian goods were delayed, again, in a familiar-yet-concerning development in the ongoing trade dispute. This latest pause, which is in place until April 2, applies to tariffs on goods covered under the Canada-United States-Mexico Agreement (CUSMA). Canada’s economic outlook remains clouded as tariff threats hang over … … READ MORE >
U.S. tariffs and their impact on growth and inflation
While it is too early to quantify the tariffs’ overall impact, a rough estimate implies between a 0.5% and 0.75% drag on growth this year and a one-time 0.6% increase in prices. … READ MORE >
U.S. tariffs promise volatility, recession for Canada
Canada’s economic landscape is set to change dramatically as U.S. tariffs take effect. A recession is anticipated this year if all measures remain in place. … READ MORE >
Defense buildup in Europe points to a broader fiscal realignment
The financial implications of higher European defense spending implies that a broader fiscal realignment could take place. That is what is behind the rising equity valuations and the rise in the benchmark German 10-year yield. … READ MORE >
Manufacturing prices rise in February amid higher tariffs
The prices paid subindex in the ISM manufacturing report rose to 62.4 in February, the highest level since June 2022, from 54.9 in January. … READ MORE >
Canada’s economy surged last quarter, but U.S. tariff threats cloud 2025 forecast
Canada’s economy showed promising growth in the last quarter of 2024 and is poised to have a robust 2025—provided U.S. tariffs don’t take effect. … READ MORE >
Market minute: Soft economic landing at risk
Businesses, and the economy overall, face uncertainty amid the regime change in the global economy. … READ MORE >