China plans to double down on economic support as Trump tariffs loom
Leaders commit to raising China’s deficit, do more to encourage consumer spending
- By: Elaine Kurtenbach, The Associated Press
- December 13, 2024 December 13, 2024
- 12:07
Leaders commit to raising China’s deficit, do more to encourage consumer spending
Wholesale sales increased in six of the seven subsectors the agency tracks
Net wealth rose 1.7% for the period
Results within the G20 mixed, with growth slowing in Canada, but rebounding elsewhere
The benchmark European rate is now 3%
OECD unemployment rate has stayed low since early 2022
Governor Tiff Macklem delivered this prepared statement
Consumer prices rose 2.7% in November from a year earlier
The key interest rate is now 3.25%
Mega forces, jumbo jets and overvaluations
Rents dropped for the second month in a row after more than three years of increases
Despite intensified uncertainty, risk landscape is largely stable
PBO has projected the government's deficit will be $46.8 billion
Some analysts say the latest setbacks are likely to be temporary
Canola is one of the big Canadian exports that would be hurt by tariffs
The Prime Minister said Canadians needs to rally together; options are being explored
Filings on pace to hit highest mark since the financial crisis
Tariff threats cloud an otherwise positive North American outlook
China's economy has underperformed the government's 5% growth target for 2024
A 50-basis-point cut would put the central bank's key interest rate at 3.25%
The policy decision will lower real GDP by $7.9B in 2025, $16.2B in 2026, Conference Board of Canada estimates
Median GDP call revised sharply higher, SIFMA reports