The Daily Chase: China-U.S. trade ‘deal’ underwhelms
Here are five things you need to know this morning.
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Economics
The U.S. and China say they have agreed on a framework to resolve their trade disputes
Senior U.S. and Chinese negotiators have agreed on a framework to get their trade negotiations back on track after a series of disputes that threatened to derail them, both sides have said.
Competition Bureau seeking public input on algorithmic pricing
The Competition Bureau says it’s looking for public input as it delves deeper into the rising trend of companies using algorithms to set prices.
EU seeks to lower a price cap on Russian oil and discourage Nord Stream pipeline investors
The European Union wants to lower a cap on the price of Russian oil to deprive the Kremlin of extra profits to fund its war in Ukraine as part of a new raft of sanctions aimed at forcing Moscow to the negotiating table, senior officials said on Tuesday.
The Daily Chase: Apple underwhelms, Royal Bank share buyback
Here are five things you need to know this morning.
U.S. fed to keep rates on hold at least until September as inflation risks linger: poll
The U.S. Federal Reserve will keep interest rates on hold for at least another couple of months, according to most economists polled by Reuters, as risks linger that inflation may resurge due to U.S. President Donald Trump’s tariff policies.
Elbows-up tourism surge could see sector ‘eke out’ a gain even as Americans stay away
A groundswell of economic patriotism has stoked curiosity in Canadian destinations, fuelling a domestic bookings surge as travellers turn away from cross-border trips.
Tariffs on canola seen supercharging Canadian farmers’ shift to spring wheat
In the U.S. Great Plains, where spring wheat once dominated fields, farmers are turning away from the crop. But across the border in Canada, the pinch and prospect of Chinese and U.S. tariffs on canola have prompted farmers to pick up the slack on wheat.
Nova Scotia’s ambitious ‘Wind West’ offshore energy plan wins support with conditions
Two leading environmental groups are giving a thumbs up to Nova Scotia’s ambitious plan to dramatically expand its fledgling offshore wind energy industry.
The Week Ahead: U.S. inflation report due
Here's a look at what investors will be watching for in the week ahead.
U.S., Chinese officials to meet in London next week for new round of trade talks
Senior U.S. administration officials will meet with a Chinese delegation on Monday in London for the next round of trade negotiations between Washington and Beijing, U.S. President Donald Trump said Friday.
Canadian, European space agencies reaffirm relations amid political, economic anxiety
The Canadian and European space agencies say economic and geopolitical turmoil are forcing them to work closer together.
U.S. ambassador Pete Hoekstra says Canada’s economic hopes align with Trump’s goals
The American ambassador to Canada says U.S. President Donald Trump’s goal of enhancing American power aligns with Ottawa’s aim of becoming the fastest-growing G7 economy.
Canada’s unemployment rate in May at almost 9-year high outside pandemic years
Canada’s unemployment rate in May jumped to its highest level in almost nine years, excluding the peak of the COVID-19 pandemic, with 1.6 million jobless people in the country, data showed on Friday.
U.S. money market fund inflows surge on caution over tariffs
U.S. money market funds witnessed huge inflows in the week ended June 4 as investor caution over a rise in U.S. tariffs on steel imports, uncertainties over U.S. President Donald Trump’s trade disputes with China and a crucial employment report on Friday, boosted demand for safer investment avenues.
