Chinese stocks rally despite Evergrande collapse
In early 2024, the Evergrande property empire was put into liquidation and Chinese stocks plunged. On Monday, however,…
China’s industrial profits slip 1.5% in July, slowest pace of decline in five months
Robots manufacture auto parts at a factory in Ningde, China, on Oct. 17, 2024. Nurphoto | Nurphoto |…
Donald Trump’s 50% tariff on India kicks in as PM Modi urges self-reliance
Bloomberg via Getty Images Modi has urged small shop owners and businesses to put up “Made in India”…
US Commerce to publish GDP data on blockchain, says Lutnick
US Commerce Secretary Howard Lutnick said the Department of Commerce will begin publishing economic statistics, including gross domestic…
Youth unemployment in Canada at recessionary levels, CIBC finds
TORONTO — A new report says the current youth unemployment rate is at levels typically only seen during…
Energy prices expected to rise ahead of winter
Kevin Peachey Cost of living correspondent Getty Images Energy prices will be set for millions of households for…
BMO sees steadier economic outlook ahead, but trade uncertainty remains
Executives at BMO Financial Group say the economic outlook in Canada and the U.S. is becoming steadier, but…
Bessent says US tariff revenue could be well over $500 billion a year
By David Lawder (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President…
US consumer confidence tumbles as labour market slows | Business and Economy News
After a lackluster jobs report last month, Americans are less confident about short-term income and are spending less.…
More Canadians commuting as remote work declines, hybrid workers on site more often
The number of Canadians commuting to work rose for the fourth year in a row, a Statistics Canada…
Dollar weakens after Trump ‘sacks’ Fed governor Lisa Cook
The dollar weakened and government borrowing costs rose sharply after President Trump said he had taken the unprecedented…
Parliamentary Budget Officer says 3.2 million new homes needed to close housing gap
OTTAWA — Canada needs to build 3.2 million new homes in the next decade to close the housing…