U.S. applications for jobless benefits inch up for the first time in 7 weeks
Layoffs remain low as labour market shows resilience
- By: Matt Ott, The Associated Press
- July 31, 2025 July 31, 2025
- 09:37
Layoffs remain low as labour market shows resilience
Prices climb 2.6% in June amid tariff pressure
Weakness in mining, oil and gas offset gains in manufacturing
$3M drop in net income driven by investment loss, fall in fee and other income
Central bank holds key rate at 4.3% for fifth time this year
Central bank points to economic resilience but flags trade tensions
White House aims to raise tariff revenue to offset tax cuts and boost jobs
Germany and Italy see output fall as continent’s economy stalls
However, the "headline numbers are hiding the economy's true performance," analyst says
U.S. tariffs on Chinese goods remain at 30%, with China holding at 10% on American imports
Weaker labour market would give Bank of Canada room for more rate cuts
Growth expectations less negative, inflation fears ease a bit
Maintaining CUSMA exemptions is critical, says CFIB president
Decline in vacancies from 7.7 million in May signals cooling job market
However, concerns about tariffs and recession risks persist
Chair Jerome Powell faces pressure from Trump as central bank balances rate cut calls
Analysis by Washington non-profit shows key sectors are highly exposed to import taxes
Several provinces could see return to annual budget surpluses before 2030
Officials aim to extend 90-day tariff pause amid speculation over high-level talks later this year
U.S. trade deals struck so far are 'bad omens for Canada': trade lawyer
Banks ready to weather headwinds from trade, geopolitical conflict
U.S. wants Beijing to boost consumer spending and address excess production capacity
B.C. industry groups call move punitive, urge federal action