Daily News

Source: Financialpost March 03, 2025

Bessent Says He Sees Inflation Reaching Fed's 2% Target Quickly

Treasury Secretary Scott Bessent said he’s confident US consumer price increases will slow over the course of the year after a poll suggested Americans want President Donald Trump to focus more on bringing down inflation.(Bloomberg) — Treasury Secretary Scot...

Source: Financialpost March 02, 2025

Bessent Calls Zelenskiy's Stand at White House Unacceptable

Treasury Secretary Scott Bessent characterized the visit of Ukrainian President Volodymyr Zelenskiy to the White House on Friday as “unacceptable.”(Bloomberg) — Treasury Secretary Scott Bessent characterized the visit of Ukrainian President Volodymyr Zelensk...

Source: Financialpost March 02, 2025

Europe's Nightmare Is Here: They Have to Fight Putin Without the US

The Oval Office blow up between Zelenskiy and Trump laid bare for many Europeans that something critical has broken in their relationship with Washington(Bloomberg) — European leaders are confronting their worst-case scenario: maybe they really are going to...

Source: Financialpost March 01, 2025

Looming tariffs make U.S. steel production too expensive

Domestic hot-rolled coil, the benchmark U.S. steel product, is 23 per cent more expensive than imported suppliesUnited States President Donald Trump’s threatened steel tariffs that don’t kick in for two weeks are impacting U.S. buyers who already are seeing...

Source: Financialpost March 01, 2025

Trump, Zelenskiy fail to sign Ukraine minerals deal after outburst

Zelenskiy told Trump that Ukraine would never accept a simple ceasefire with Putin's Russia to conclude the warThe United States and Ukraine failed to sign a critical minerals agreement after a Friday meeting between Donald Trump and Volodymyr Zelenskiy devo...

Source: Financialpost March 01, 2025

‘A seismic change’: More than half of Canadian business leaders have lost confidence in the U.S. as a reliable trading partner

Polling data shows many leaders are doing more business at home and looking for alternatives to U.S. suppliersIn the face of a trade war, Canadian business leaders are making big changes in the way they conduct operations — and many are moving away from thei...

Entrepreneur Source: Financialpost March 01, 2025

Immigrant-owned businesses suffer from productivity gap

How productive immigrant-owned businesses are depends on the owner's experience before migration, says StasCan reportReviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases m...

Economy Source: Financialpost March 01, 2025

Canada's GDP gained momentum to end 2024, beating expectations

The main contributor to growth was household spending, which rose by 1.4%Canada’s economy gained momentum to finish off 2024, growing at an annualized pace of 2.6 per cent in the fourth quarter to bring full-year growth to 1.5 per cent, Statistics Canada sai...

Source: Financialpost February 28, 2025

Canada would suffer smallest hit in reciprocal tariffs scenario, Yale study suggests

Tariff rates would increase by 4.59 percentage points, the smallest among the 20 countries studiedCanada fares the best if United States President Donald Trump ends up imposing reciprocal tariffs, according to a new report by Yale University. We apologize,...

Source: Financialpost February 28, 2025

White House says March tariffs remain the plan as Trump's comments draw confusion

A White House official said the deadline for Canada and Mexico tariffs remains March 4 and Trump had not yet decided on another extensionUnited States President Donald Trump on Wednesday gave a series of apparently contradictory answers about his plans to en...