Currencies

Canada's annual inflation rate increases to 2.6% in February

Canada's annual inflation rate rose to a higher than expected 2.6% in February, on broad-based increases, including the end of the GST/HST holiday on food and certain other items, Statistics Canada...

Russia's sovereign wealth fund is eyeing rare earth projects with US companies, CEO says

Russia's sovereign wealth fund is eyeing the development of rare earth deposits in the country and wants to partner with U.S. companies, Kirill Dmitriev, CEO of the Russian Direct Investment Fund ,...

Argentina's GDP seen growing in Q4 after shrinking for six quarters

Argentina's economy is expected to have registered year-on-year growth in the fourth quarter of 2024, ending six consecutive quarters of year-on-year contraction and further lifting it out of...

Fed officials prepare to lay down marker on impact of Trump policies

New economic projections from Federal Reserve officials this week will provide the most tangible evidence yet of how U.S. central bankers view the likely impact of Trump administration policies that...

Rising inflation expectations could put Fed on shallower rate-cut path

American families are growing sharply less optimistic about the economic outlook, but the Federal Reserve may be loathe to respond aggressively to a weakening economy in light of increasing worries...

With uncertainty comes growing economic risk for the Fed to weigh

WASHINGTON -Since U.S. President Donald Trump took office in January, he has imposed biting new tariffs, with more coming, begun a disruptive cull of federal jobs and spending, risked a political...

BOJ to debate economic risks from Trump trade war, rates seen steady

The Bank of Japan is set to keep interest rates steady next week and discuss just how much of a risk the escalating U.S. trade war poses to the export-reliant economy, which will be key to the timing...

Dollar holds firm, euro drifts as global trade tensions escalate

The U.S. dollar was broadly firmer on Friday with the euro pulling further away from a five-month peak as markets grappled with escalating global trade tensions and risks of a sharp economic downturn....

US stock market pushed household wealth to record high in fourth quarter

U.S. household wealth rose to a fresh record high at the end of 2024, Federal Reserve data showed on Thursday, thanks to a stock market rally that appears to have run out of steam in the past three...

Fed, breaking with practice, has yet to report 2024 financial results

The Federal Reserve has broken this year with its long-standing practice of releasing an annual preview of its finances for the preceding year. The U.S. central bank has released a...

Dax up and down - customs policy makes investors nervous

The DAX struggled to find a direction on Thursday. The leading German index fell by one percent at times to 22,440 points, although it did occasionally trade in positive territory. The...

Markets now eye government shutdown after trade row

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets From one crunch to another, markets are finding it...

Bank of Canada considered leaving rates unchanged, governor tells Reuters

The Bank of Canada considered leaving its key policy rate at 3% ahead of a scheduled announcement on Wednesday before concluding it needed to cut for the seventh consecutive time, Governor Tiff...

Bank of Canada cuts rates by 25 bps, warns of tariff crisis

OTTAWA -The Bank of Canada trimmed its key policy rate by 25 basis points on Wednesday to 2.75% and raised concerns about inflationary pressures and weaker growth stemming from trade uncertainty and...

FULL TEXT- Bank of Canada cuts rates by 25 bps

The Bank of Canada released the following statement on Wednesday: The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit...

US consumer price growth slows in February

U.S. consumer prices increased less than expected in February, but the improvement is likely temporary against the backdrop of aggressive tariffs on imports that are expected to raise the costs of...

Bank of Canada likely to cut rates 25 bps to cushion economy from tariffs

The Bank of Canada will likely cut its benchmark rate by a quarter point on Wednesday to cushion the economy against U.S. tariffs, several economists said. If the BoC delivers the...

Dollar dithers as safety bid flows to the yen

The yen was investors' safe harbour of choice on Tuesday and it traded near five-month highs as fears about a tariff-driven slowdown in U.S. growth have rattled U.S. stocks and the dollar. ...

Swiss franc and yen benefit from turbulence

Investors continue to prefer safe-haven assets in an uncertain macroeconomic environment. This is illustrated by the continued rise of the yen and the Swiss franc against the greenback . ...