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The annual inflation rate dropped to 1.8%, Statistics Canada said, slightly lower than expected and a tick below the prior month's 1.9%. On a month-on-month basis the consumer price index ...
Trump’s plan for tariffs, tax cuts, reduced regulation, and a crackdown on immigration could lead to inflation rising by 2.7% by the end of 2025, JPMorgan hedged, with the Fed funds rate rising ...
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]
The tariffs Trump signed will be 25% duties on Canada and Mexico and 10% on China — as he ... President Trump's Trade agenda for 2025." ... core PCE inflation forecast this year and acceleration ...
The unemployment rate would average 4.5% this year, 0.3 percentage points higher than without the tariffs, Sweet said. Deutsche Bank has forecast a smaller hit to growth of three-tenths of a ...
Inflation is cooling to 2.4%, and interest rates are shifting, too. Which means 2025’s financial landscape is going to look different from the past few years.
A political crisis emerged in Canada after Chrystia Freeland, the minister of finance and deputy prime minister, resigned from Cabinet on 16 December 2024. [1] The events "sent shockwaves" through Canadian politics, leading to calls for Trudeau to resign. [2]
In its latest World Economic Outlook, the IMF projected global growth of 3.3% in both 2025 and 2026, and said global headline inflation was set to drop to 4.2% in 2025 and 3.5% in 2026, allowing a ...