Economy

U.S. consumer spending rises for sixth straight month

U.S. consumer spending rose a solid 0.4% in July

By The Associated Press |August 30, 2018

2 min read

U.S. economy grew at a brisk 4.2% annual rate in Q2

The U.S. economy grew at a strong 4.2% annual rate in the second quarter, the best showing in nearly four years, as growth stayed on track to produce the strongest gain in more than a decade. Strength in business investment offset slightly slower consumer spending. The Commerce Department revised up its estimate of growth in […]

By The Associated Press |August 29, 2018

1 min read

U.S., Mexico reach trade ‘understanding’ to overhaul NAFTA: Trump

Editorial note: This story was updated at 2:30 pm EST to add that Canada’s foreign affairs minister will head to Washington to join NAFTA negotiations. Donald Trump said Monday that the United States and Mexico have reached a bilateral trade “understanding” that could lead to an overhaul—or perhaps the termination—of the three-country North American Free […]

By Staff, with files from The Canadian Press |August 27, 2018

3 min read

Investing outlook as U.S.-China trade tensions continue

As global trade tensions continue to take centre stage, there are three events to monitor when it comes to U.S.-China relations, in particular. In a PineBridge Investments post, economist Paul Hsiao says the first event is the comment period for U.S. tariff-related public hearings (ending Sept. 5). His base case is for the hearings to have little […]

By Staff |August 27, 2018

3 min read