By Fergal Smith TORONTO (Reuters) – Canadian home sales and house prices declined in March, while the outlook for the full year turned less rosy, as U.S.-led global trade tensions threatened to upend the domestic economy, data from the Canadian Real Estate Association (CREA) showed. Home sales fell 4.8% in March from February, and together …
Canadian home sales post weakest March since 2009 on tariff uncertainty Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s annual inflation surprisingly slowed in March to 2.3%, three notches below the prior month, largely helped by lower gasoline and travel tour prices, data showed on Tuesday. The lower than expected number on inflation slightly increased the chances of a rate cut on Wednesday, although the majority in the …
Canada’s inflation surprisingly slows to 2.3% in March Read More »
TORONTO (Reuters) – Canada’s annual inflation rate fell to 2.3% in March from 2.6% in February, helped by lower gasoline and travel tour prices. Analysts had expected inflation to remain at 2.6% Market reaction: [CAD/] Link: COMMENTARY KATHERINE JUDGE, SENIOR ECONOMIST AT CIBC CAPITAL MARKETS “The easing in price pressures is consistent with the Bank …
Instant View: Canada’s annual inflation eases to 2.3% in March Read More »
TORONTO (Reuters) – Canadian housing starts declined 3.3% in March compared with the previous month, data from the national housing agency showed on Tuesday. The seasonally adjusted annualized rate of housing starts fell to 214,155 units from a revised 221,405 units in February, the Canadian Mortgage and Housing Corporation said. Economists had expected starts to …
Canadian housing starts post surprise decline in March Read More »
By Maria Martinez BERLIN (Reuters) – German investor morale in April posted its strongest decline since Russia invaded Ukraine in 2022 due to uncertainty unleashed by U.S. tariffs. The economic sentiment indicator fell to -14.0 points from 51.6 points in March, the ZEW economic research institute said on Tuesday. Analysts polled by Reuters had pointed …
German investor morale plunges to lowest level since start of Ukraine war Read More »
(The opinions expressed here are those of the author, a columnist for Reuters.) What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets The combination of an electronics tariff reprieve and dovish noises from the Federal Reserve have created a semblance of calm in financial markets, though the …
By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -Japan will seek full removal of additional tariffs imposed by U.S. President Donald Trump, its top negotiator Ryosei Akazawa said on Tuesday, ahead of his scheduled three-day visit to Washington. Japan, a long-time U.S. ally, has been hit with 24% levies on its exports to the United …
Japan seeks full removal of US tariffs ahead of trade talks Read More »
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said he met with Argentine President Javier Milei on Monday to underscore the Trump administration’s full support for economic reforms that were bringing the Latin American country “back from the precipice.” Bessent also commended Milei for working to reduce barriers towards reciprocal trade with the …
US Treasury’s Bessent backs Argentina’s economic reforms with eye on China Read More »
By Liz Lee and Kevin Yao BEIJING (Reuters) – UBS has downgraded its China GDP growth forecast to 3.4% for 2025, on the assumption that tariff hikes between it and the United States will remain in place and that Beijing will roll out additional stimulus, it said in a report on Tuesday. The Swiss investment …
UBS lowers forecast for China 2025 GDP growth to 3.4% on tariff hikes Read More »
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic said on Monday the uncertainty surrounding the Trump administration’s tariff and other policies has put the economy into a “big pause,” and he suggested the U.S. central bank should stay on hold until there is more clarity. “The specific place that the economy will land depends …
Fed’s Bostic: Bold moves ‘in any direction’ wouldn’t be prudent Read More »
