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The market rally finally began to broaden. And despite a brief growth scare that spooked investors in late summer , the US economy is ending 2024 on solid footing.
The market outlook for 2025 sees U.S. GDP growing at a healthy rate, the stock market gains diversifying beyond the Magnificent Seven—with health care a likely winner—and an evolution in the ...
Investors can expect fresh data on inflation, retail sales, and consumer sentiment in the coming week.
The 2000s commodities boom (caused by rising demand from emerging-market economies such as China) boosted economic activity, particularly business investment, which generated job growth in Canada. [25] During this time, significant rural-to-urban migration and immigration to Canada likely contributed to the pressure on house prices. [26]
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Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed. This includes all major sporting and artistic events. [3] Canada's tourism and air travel sectors were hit especially hard due to travel restrictions. [4] Some farmers feared a labour shortfall and bankruptcy. [5] The pandemic affected consumer ...
A longtime stock market bear is rethinking his view after this year's strong rally. In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 1.64% to $68.30 a barrel.
Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs. [32]