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Today: April 17, 2025
Today: April 17, 2025
Promit Mukherjee

Promit Mukherjee

Staff Writer

Latest From Promit Mukherjee

Business|Economy|Finance|Political|Stock Markets

Bank of Canada holds rates, says it will act decisively if need be

The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said it would be ready to

Bank of Canada holds rates, says it will act decisively if need be
Americas|Education|Political|US

Canadian universities report jump in US applicants as Trump cuts funding

More students living in the United States are applying to Canadian universities or expressing interest in studying north of the border as U.S

Canadian universities report jump in US applicants as Trump cuts funding
Americas|Business|Economy|Finance|Travel

Canada's inflation surprisingly slows to 2.3% in March

Canada's annual inflation surprisingly slowed in March to 2.3%, three notches below the prior month, largely helped by lower gasoline and travel tour prices, data

Canada's inflation surprisingly slows to 2.3% in March
Americas|Business|Economy|Finance|Political|Stock Markets

Bank of Canada is more likely to halt interest rate cuts after tariff pause

The Bank of Canada is likely to pause its rate-cutting cycle this week as rising inflation, weakened employment and U.S.

Bank of Canada is more likely to halt interest rate cuts after tariff pause
Americas|Business|Economy|Finance|Political

Canadian exporters inquire on trade insurance as Trump's tariffs heighten risk

A little-known insurance product is gaining traction in Canada as exporters seek to guard against losses and bankruptcies of their suppliers and customers due to

Canadian exporters inquire on trade insurance as Trump's tariffs heighten risk
Asia|Economy|Finance|Political|Stock Markets

G7 chair Canada speaks to Japan, EU about market stability

Canada, chair of the Group of Seven advanced economies, is working with Japan and the European Union to maintain global stability in

G7 chair Canada speaks to Japan, EU about market stability
Asia|Business|Economy|Europe|Political|US|World

Nowhere to hide: Trump tariffs leave trading partners cornered

U.S. trading partners have few good options in their trade war with President Donald Trump, other than to sue for

Nowhere to hide: Trump tariffs leave trading partners cornered
Americas|Business|Economy|Political

Canada loses jobs in March for first time since 2022 on tariff uncertainty

Canada's total employment fell and the unemployment rate ticked up in March, data showed on Friday, as the uncertainty around tariffs and their subsequent

Canada loses jobs in March for first time since 2022 on tariff uncertainty
Americas|Business|Economy

Canada posts surprise trade deficit in February

Canada unexpectedly swung into a trade deficit in February but both exports and imports stayed at near record levels, data showed on Thursday, as businesses built

Canada posts surprise trade deficit in February
Americas|Business|Economy|Finance|Political

Canada's GDP for January expands by 0.4% as tariff impact looms

Canada's Gross Domestic Product grew by 0.4% on a monthly basis in January as economic activity continued the momentum of the last few of months, data showed on

Canada's GDP for January expands by 0.4% as tariff impact looms
Americas|Economy|Political

Canada's prime minister says nothing off the table in response to Trump's tariffs

Canada will wait until next week to strike back against the latest U.S. threat of tariffs and nothing is off the table regarding possible

Canada's prime minister says nothing off the table in response to Trump's tariffs
Business|Economy|Election|Finance|Political

Canada cancels controversial capital gains tax increase

Canada will cancel a proposed tax increase in the capital gains inclusion rate, Prime Minister Mark Carney's office said on Friday, bringing an end to a tax

Canada cancels controversial capital gains tax increase
Americas|Business|Economy

Canada's January retail sales shrink by 0.6%, February sales likely to fall 0.4%

Canada's retail sales shrank faster than anticipated in January as car purchases and supermarket and grocery sales all fell, data showed on Friday.

Business|Economy|Finance|Political|US

Bank of Canada could change tack, give range of projections

Uncertainty over the impact of U.S. tariffs means the Bank of Canada could give a range of economic estimates rather than a single forecast

Bank of Canada could change tack, give range of projections
Americas|Economy|Political

Canada's population grew at slowest pace since pandemic in fourth quarter

Canada's population in the fourth quarter increased at the slowest pace since the pandemic, data showed on Wednesday, as a government crackdown on immigration

Canada's population grew at slowest pace since pandemic in fourth quarter
Americas|Business|Economy|Finance|Food

Canada's inflation jumps to eight-month high as sales tax break ends

Canada's annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in the middle of last month

Canada's inflation jumps to eight-month high as sales tax break ends
Business|Economy|Finance|Political

Bank of Canada considered leaving rates unchanged, governor tells Reuters

The Bank of Canada considered leaving its key policy rate at 3% ahead of a scheduled announcement before concluding it needed to cut for

Bank of Canada considered leaving rates unchanged, governor tells Reuters
Americas|Business|Economy|Finance|Political

Bank of Canada likely to cut rates 25 bps to cushion economy from tariffs

The Bank of Canada will likely cut its benchmark rate by a quarter point on Wednesday to cushion the economy against U.S. tariffs, several economists said.

Americas|Economy|Election|Political

Mark Carney wins race to replace Trudeau as Canada's prime minister

Former central banker Mark Carney won the race to become leader of Canada's ruling Liberal Party and will succeed Justin Trudeau as prime

Mark Carney wins race to replace Trudeau as Canada's prime minister
Americas|Business|Economy|Political|US

Canada commits over C$6 billion to fight impact of US tariffs, find new markets

Canada on Friday unveiled billions of dollars in aid and other forms of support to businesses and people expected to be directly affected

Canada commits over C$6 billion to fight impact of US tariffs, find new markets
Business|Economy|Political|US|World

Trudeau says US tariff war to drag on, Bessent calls him a 'numbskull'

Canada will be in a trade war with the United States for the foreseeable future, Prime Minister Justin Trudeau said on Thursday, speaking

Trudeau says US tariff war to drag on, Bessent calls him a 'numbskull'
Americas|Business|Economy|Finance|Political

Canada's January trade surplus at 32-month high as firms stockpile on tariff threat

Canada's trade surplus in January exceeded expectations by a wide margin posting a 32-month record as fears of tariffs from the U.S. pushed exports of cars and

Canada's January trade surplus at 32-month high as firms stockpile on tariff threat

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