Non-essential travel between the U.S. and Canada will be banned for another month despite mounting pressure from businesses to ease COVID-19 travel restrictions.
Oh, yeah, taper: Fed's stronger liftoff signal causes confusion
The Federal Reserve made some big headlines this week, but for a lot of observers they buried the news.
Most Canadians still aren't making post-COVID travel plans: Survey
Despite rising indications of a coming summer travel boom, a new survey has found nearly two thirds of Canadians are not yet ready for a post-pandemic vacation.
China growth decouples from credit, with global implications
Chinese manufacturer Lou Zhongping is being bombarded with offers of new loans from banks and government officials, attention that he says is finally coming to smaller businesses like his own.
The Daily Chase: Canadians shut out as U.S. re-opens; MSG ready to rock
Canadians may be feeling a sense of envy and confusion about reopening the economy this morning as they look across the border, where signs of life as normal abound.
U.S. Fed sees two rate hikes by end of 2023, inches towards taper
Federal Reserve officials signaled that the pace of the U.S. economic recovery from the pandemic is bringing forward their expectations for how quickly they will reduce policy support.
U.S. jobless claims rose last week for first time since April
Applications for U.S. state unemployment insurance rose slightly for the first time since late April, likely a temporary blip for a labor market that’s otherwise improving as the economy reopens.
Inflation jumps to 3.6% in Canada, highest since 2011
Inflation in Canada accelerated to its highest level in a decade, in what policy makers are saying will only be a temporary run up in prices.
Yellen says U.S. economy well on the way to post-COVID recovery
Treasury Secretary Janet Yellen said the U.S. is “well on the way” to a strong recovery from the COVID-19 pandemic, and urged lawmakers to turn to addressing long-run problems ailing the economy.
U.S. business sentiment in Canada hits record low amid restrictions: Survey
Business sentiment among leaders of American firms that operate in Canada has cratered to the lowest level on record, according to the latest AmCham Canada-Nanos Research U.S. Investment in Canada Index.