Tariff threats, uncertainty could weigh on consumers, drag down U.S. economy: report
U.S. consumers cut back sharply on spending in January
- By: Anne D’innocenzio and Christopher Rugaber, The Associated Press
- February 28, 2025 February 28, 2025
- 09:25
U.S. consumers cut back sharply on spending in January
Real GDP rose 2.6% on an annualized basis in Q4: StatCan
Agency issues opinion indicating that crypto novelties don't fall under securities law
Move allows more time to deal with operational, regulatory issues
Consumers and businesses hold off on big spending decisions ahead of expected U.S. tariffs
China leads global drop, Canada down too, defying rich country rise
Total labour demand increased in 2024, vacancy rate rises too
U.S. President Trump has at times contradicted himself about his own tariff plans
Canadian commercial banking and wealth management business earned $591 million
The bank's wealth management business earned $980 million, up from $664 million a year earlier
TD's wealth management and insurance business earned $680 million, up from $555 million a year earlier
President says U.S. will double the existing 10% tariffs on China
The labour market remains healthy with plentiful jobs and relatively few layoffs
Chip, software companies up as 'bargain hunters' step in
Rents are still 12.9% higher than levels seen before the Covid pandemic
They rose 2.3% in 2025, while business insolvencies fell by 21.8%
Unique provision aims to balance interests, provide greater certainty
Agency seeks feedback on new due diligence standards, enforcement
Regulators flag retail investor issues, market structure, resilience for 2026
187 mutual funds, 117 ETFs and 114 seg funds were recognized
GoSmart targets newer investors, excludes mutual funds, GICs, bonds, options
Plus, GreenShield buys Kii Health's Canadian mental health services segment
Plus, moves at Our Family Office, Harvest ETFs, Manulife Wealth, Canada Life and more
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, National Bank changes diversified equity fund
Net monthly ETF inflows reach $22B in January: report
Plus, other firms launch new products, tweak their fund lineups