Economy

Feds unveil final list of retaliatory tariffs

The federal government takes cross-border trade dispute up a notch

By The Canadian Press |June 29, 2018

4 min read

Despite weak Q1, sizzling U.S. GDP forecasted for Q2

U.S. economic growth in the first quarter was revised down to a lacklustre 2%

June 28, 2018

2 min read

Credit delinquency rates forecasted to rise: Equifax

Credit delinquency rates for Canadians fell in Q1 2018, but slowing credit growth and interest rate hikes are likely to stop that trend, says Equifax Canada. Still, for the first quarter, the company’s national consumer credit trends report finds consumer debt, including mortgages, was $1.8 trillion in Q1—a rise of 5.7% year-over-year. Loans and mortgages […]

By Staff |June 28, 2018

2 min read

Orders for U.S. durable goods drop for second straight month

Orders for long-lasting U.S. factory goods declined for the second straight month in May, as demand for cars, metal products and aircraft fell. The Commerce Department said Wednesday durable goods orders—items meant to last at least three years, from washing machines to tractors—dropped 0.6% last month. That followed a steeper drop of 1% in April. […]

By Staff, with files from The Associated Press |June 27, 2018

2 min read