Ontario is projecting its budget deficit will jump to $38.5 billion this year due to COVID-19.
Federal Reserve Bank of Boston President Eric Rosengren offered a downbeat outlook for the U.S. economy, emphasizing that recovery depends on controlling the coronavirus and that many states are failing in this mission.
U.S. consumer prices rose in July by more than expected in part on costs of used cars and apparel, though inflation remained broadly subdued as the pandemic suppressed demand.
The Windsor-Essex region will join the rest of Ontario in Stage 3 of the province's reopening plan today.
President Donald Trump is tapping his presidential authority to make tax changes that Congress is refusing to do, but his limited power means he could end up over-promising and under-delivering on his pledge to slash IRS bills.
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