Economic News
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Trump suggests EU allowing Canada as associate member could be a 'hostile act'
President Donald Trump is suggesting that the European Union allowing Canada to become an associate member could be a “hostile act” and threatened to respond to the proposed move by imposing more tariffs on the bloc
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US stocks slip after the Fed hikes interest rates and hints more increases may be on the way
U.S. stocks slipped after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more increases may be ahead as it tries to get the nation’s high inflation under control
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Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice
The Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers
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Canada’s Carney and Britain’s Burnham take first meeting to Everton football match
Canadian Prime Minister Mark Carney met Britain’s new prime minister, Andy Burnham, for the first time at Everton’s stadium in Liverpool before the two leaders watched the soccer club they both support
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Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July
Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot
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UK inflation rises to 5-month high, further pressuring Bank of England to raise rates this year
Inflation in the United Kingdom has risen to a five-month high, an increase that will pressure the Bank of England to hike interest rates again over coming months
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US-Canada trade war further taxes small businesses as costs rise during the Iran war
Small business owners in the United States and Canada say a trade war between their countries is hurting sales while they are also dealing with rising expenses from higher fuel costs
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Japan records a trade deficit for 4th month as oil imports soar
Japan’s trade deficit totaled $7 billion last month, as surging oil prices sent the cost of imports soaring
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Maduro ally Alex Saab pleads guilty in a $195M money laundering case, agrees to cooperate
A close ally of ousted Venezuelan President Nicolás Maduro has pleaded guilty to bribing officials to secure contracts for importing food during Venezuela's crisis
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Carney says Canada can wait for the right conditions in Trump trade war and emerge stronger
Canadian Prime Minister Mark Carney says Canada intends to emerge from its trade war with U.S. President Donald Trump “stronger, more resilient, more independent,” while telling Washington that future cooperation must be based on respect for each country’s sovereignty
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