Feb 22, 2025 | Markets
Sefcovic debriefed EU envoys on Friday after his visit to US Trump is preparing additional retaliatory tariffs, car duties The European Union estimates that the first wave of Donald Trump’s steel and aluminum tariffs will hit as much as €28 billion ($29.3 billion) of...
Feb 21, 2025 | Markets
5,400 probationary employees face dismissal starting next week Hegseth champions Trump campaign to slash federal worker ranks The Pentagon expects to fire between 5 and 8% of its civilian workforce, with the first round of layoffs targeting 5,400 probationary workers...
Feb 21, 2025 | Markets
Consumers long-run inflation views rise to highest since 1995 US business activity moderates as the service sector cools Stocks had their worst session so far in 2025 after weaker-than-expected economic data and a surge in consumers’ long-run inflation views to the...
Feb 21, 2025 | Markets
Ten-year yield declines as much as 10 basis points on Friday Traders eye weak economic data, report on a coronavirus study A late rally in the US Treasury market pushed the yield on 10-year notes lower for a sixth-straight week as traders hunt for safety amid lower...
Feb 21, 2025 | Markets
While Bank of Canada Governor Tiff Macklem insists there’s a limit to a monetary policy response to a tariff war, he has a clear view of the damage it could have on the Canadian economy. “Increased trade friction with the US is a new reality,” he said in a speech in...
