Economy

US Port Strike Ends as Workers and Operators Reach Tentative Deal

After three days of disruption, U.S. dock workers and port operators have reached a tentative agreement, immediately halting a strike…

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US Port Strike Threatens Supply of Popular Weight-Loss Drugs Ozempic, Wegovy, Mounjaro, and Zepbound

The ongoing US port strike on the East and Gulf coasts is causing significant disruptions to pharmaceutical supply chains, particularly…

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Fed Cuts Interest Rates By Half-Point in First Rate Cut in Four Years

In a move that signals a significant pivot in monetary policy, the Federal Reserve cut its benchmark interest rate by…

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US Inflation Drops to Three-Year Low, Fed to Start Rate Cuts

US inflation reached a significant milestone in August, with the annual rate cooling to 2.5%, the lowest in three years.…

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US Jobs Report Falls Short of Expectations for Second Consecutive Month

The highly-anticipated US jobs report, released today, showed the labor market continued cooling in August, as employers added just 142,000…

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August Jobs Report Likely to Determine Size of Fed’s Rate Cut

The release of the August jobs report is set to be a pivotal moment for the U.S. economy, determining not…

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Bank of Canada Cuts Rates for Third Time in a Row, Says Larger Rate Cuts Possible

The Bank of Canada (BoC) has once again lowered its key interest rate, marking the third consecutive cut in 2024,…

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Markets Rally as Powell Signals Fed Pivot and September Rate Cut

Federal Reserve Chair Jerome Powell has set the stage for a series of interest rate cuts, with markets and analysts…

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Canada’s Inflation Slows in July, Paving Way for More Rate Cuts

Canada’s inflation rate eased to 2.5% in July, marking the slowest increase in over three years and solidifying expectations for…

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US Retail Sales Surge, Jobless Claims Fall, Alleviating Recession Fears

New economic data on retail sales and jobless claims have provided a surprising confidence boost to the US economy, dispelling…

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