The futility of restoring U.S. manufacturing
Technological innovation is a key reason for sector's declining share of nominal GDP, Fitch says
- By: James Langton
- June 4, 2025 June 4, 2025
- 15:36
The numbers are still short of pre-pandemic monthly sales of 200,000: DesRosiers
Producers warn that Canada's domestic market could be flooded by imports from other countries as U.S. tariffs double
The central bank pointed to "unexpected firmness" in inflation data, resilience of economy in decision to hold rate steady
Tensions rise over levies, trade deficits and food safety rules
Canada calls new U.S. tariffs “unlawful” as industries brace for impact
Governor Tiff Macklem signals openness to rate cuts if trade tensions hurt growth
Conference Board of Canada estimates windfall of up to $8.8B
Trade conflict is dimming growth prospects, raising inflation fears
Labour market shows resilience as vacancies hit 7.4 million
Oxford Properties takes full ownership of seven office towers in $730M deal
Analysts expect the ECB to cut rates by a quarter percentage point this week as concerns mount over U.S. tariffs
U.S. imports dropped sharply in April, likely didn't recover in May
Retaliatory tariffs on U.S. goods drive sharp revenue spike
Premiers aim to fast-track key infrastructure amid escalating U.S. trade disputes and growing regional economic challenges
Inflation looks temporary, but growth risks persist
Premiers to press PM to speed up approvals for major projects
Retaliatory measures could take effect July 14
The central bank is expected to hold rates on Wednesday, but some economists say there are "psychological" reasons for a cut
However, economists say the underlying data 'wasn’t as impressive as it looked'
That compares with $50.9B deficit in the same period of 2023-2024
CEO reports progress one year after posting a $117.5M quarterly net loss