Economic News
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Trump says the US will investigate EU trade practices, claiming the bloc unfairly fined tech giants
President Donald Trump says the United States will open a formal investigation into the European Union’s trade practices
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American Express Q2 profit rises driven by higher spending and fewer delinquencies
American Express on Friday reported an 8% rise in second-quarter profits compared to last year
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China slaps export controls on 14 EU entities in retaliation for Russia-related sanctions
China says it's adding 14 European entities to an export control list in retaliation for the European Union penalizing 14 Chinese enterprises as part of its latest round of sanctions against Russia
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Trump imposes double-digit tariffs on dozens of countries as his 10% levies are set to expire Friday
President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court
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Prime Minister Carney says Canada is ready to respond if Trump's new tariffs go into effect
Canadian Prime Minister Mark Carney says Canada will continue to negotiate a new trade deal with the U.S., but the country is willing to respond should new threatened tariffs come into effect
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The Latest: Trump issues new double-digit tariffs on 60 countries
President Donald Trump says he is imposing new double-digit tariffs on dozens of U.S. trading partners
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Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets
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US filings for unemployment aid fall to 187,000 last week, fewest since 1969
U.S. applications for jobless benefits tumbled to the lowest level in decades last week as layoffs remain historically low despite global economic uncertainty
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Europe's central bank holds rates steady amid swings in oil prices
The European Central Bank is leaving interest rates unchanged amid uncertainty about how volatile energy prices will affect inflation
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Trump's tariff threat could impact Canadian economy but may be negotiation tactic, experts say
The U.S. threat of 50% tariffs on Canadian goods could impact the economy, but experts suggest it might be a negotiation tactic
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