Powell says Fed can wait to reduce interest rates as Trump demands cuts
Central bank chair says data will drive decisions
- By: Christopher Rugaber, The Associated Press
- June 24, 2025 June 24, 2025
- 09:30
Central bank chair says data will drive decisions
Food, travel and mortgage interest costs also rose at a lower pace
With price pressures easing, Fed officials split over timing of rate cuts amid political heat
Canadian companies among those positioned to benefit from adaptation push
Trips to the U.S. down by 29.1% from a year ago, Statistics Canada says
“[M]any organizations across many industries in Canada are revisiting their disclosure”: KPMG
Statistics Canada will publish its May consumer price index on Tuesday
When the tariff pause expires next month, U.S. may be much softer on China
Report details liquidity, leverage, valuation, and contagion risks lurking in commercial real estate sector
However, initial figures for May point to a 1.1% slide: Statistics Canada
Countermeasures aim to protect domestic steel and aluminum industries from unfair trade practices
Ottawa’s defence, tax plans face scrutiny amid fiscal fog
Ontario, Nova Scotia, Montreal face biggest housing shortfalls
Bank holds rate at 4.25% amid Middle East tensions and global uncertainty
High defence spending masks deeper economic strains, economists warn at forum
U.S. central bank flags weaker growth and inflation risks amid global volatility
Credit card balances decline for the first time since late 2024, agency reports
BoC governor urges firms to look beyond U.S. as trade tensions and tariffs threaten growth
Auto exports to U.S. plunge nearly 25% as talks stall over escalating Trump tariffs
This marks the slowest increase since 2020 amid continued reductions in immigration levels
Stubborn food inflation and global uncertainty cloud outlook
Pace of hiring has slowed to 124,000 jobs a month from 168,000 last year
Economic impact of natural disasters goes beyond short-term, hurts investment, productivity, RBC economists say
Wide range of proposals, from market structure to broker conflict issues, dropped