U.S. Federal Reserve Chair Jerome Powell, in his most hawkish remarks to date, said the U.S. central bank will keep raising interest rates until there is “clear and convincing” evidence that inflation is in retreat.
Global markets are rallying this morning on no obvious single specific catalyst, and the newest global fund manager survey from Bank of America offers plenty of reasons to be cautious.
Elon Musk said that the U.S. economy was “probably” in a recession -- a judgment at odds with economists and available data -- and cautioned companies to watch costs and cash flows.
Canadian manufacturing sales and wholesale trade figures climbed higher in March, but the gains came due to higher prices.
The bizarre case of a restaurant so popular it needs to close early underscores a pervasive issue facing restaurants in Canada: A labour crunch.
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