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Economists warn tax hikes are on the table in Tuesday’s budget: The Finance Minister has fuelled that speculation in large part by refusing to rule out such ...
theglobeandmail.com/politics/article-economists-warn-tax-hikes-are-on-the-table-in-tuesdays-budget/
Economists warn tax hikes are on the table in Tuesday’s budget
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States' inflation varies, in part due to domestic migration - UPI.com: While the nation's inflation rate rose to 3.5% in March, some states are seeing ...
upi.com/Top_News/US/2024/04/17/domestic-migration-inflation/8701712947063/
States' inflation varies, in part due to domestic migration - UPI.com
Quick Glance: Powell Warns of Lack of Progress on Inflation
  • Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

  • Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

  • Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

  • Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
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Montreal market powers ahead as home sales surge: What’s happening has some familiar causes: the combination in recent years of faster immigration and population ...
theglobeandmail.com/real-estate/article-montreal-market-powers-ahead-as-home-sales-surge/
Montreal market powers ahead as home sales surge
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This is the No. 1 city in the world for remote work—what it's like to live there: A new analysis from Remote.com considers factors covering quality of life ...
cnbc.com/2024/04/16/no-1-city-in-the-world-for-remote-workwhat-its-like-to-live-there.html
This is the No. 1 city in the world for remote work—what it's like to live ...
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Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Honda to set up $11 bln electric vehicle, battery plants in Canada
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
  • Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.

  • Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.

  • The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.

  • Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
Profile picture of NPR
Coming soon: Grizzly bears to the North Cascades: Grizzly bears will be reintroduced to the North Cascades, federal officials announced Thursday.
kuow.org/stories/coming-soon-grizzly-bears-in-the-north-cascades
Coming soon: Grizzly bears to the North Cascades
Profile picture of The Atlantic
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
The 3.5 Percent Inflation Plateau
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RBA to ‘increase interest rates three times’: A top forecaster issued a dire interest rate warning, predicting that the Reserve Bank will be forced to hike three ...
news.com.au/finance/economy/interest-rates/leading-forecaster-warren-hogan-predicts-rba-will-hike-cash-rate-to-51-per-cent-this-year/news-story/f6f2f084778953ccaa0538383f67449f
RBA to ‘increase interest rates three times’
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Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Fears about stagflation are mounting in the US. It’s every central ...
Quick Glance: Rising Key Fed Inflation Measure in March
  • In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.

  • The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.

  • Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.

  • Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
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Investors brace for 5% Treasury yields as US inflation worries mount: As U.S. inflation worries grow, some investors are preparing for the 10-year U.S ...
reuters.com/markets/us/investors-brace-5-treasury-yields-us-inflation-worries-mount-2024-04-26/
Investors brace for 5% Treasury yields as US inflation worries mount
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Big pension increase in the summer but was that it?: Pensions will rise more sharply in July than previously thought. But the increases could shrink ...
hna.de/wirtschaft/grosse-rentenerhoehung-im-sommer-zukunft-rente-inflation-inflationspraemie-rentner-kaufkraft-zr-93032410.html
Big pension increase in the summer but was that it?
Profile picture of The Sydney Morning Herald
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Australians flattened by biggest tax increase in world
Profile picture of Axios (website)
What's behind the unstoppable American consumer: The drivers of such robust spending — and how long they can last — are key to what's ahead for the ...
axios.com/2024/04/26/american-consumer-spending-resilience-economy
What's behind the unstoppable American consumer
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Canada to donate $3M to Ukraine drone production, buy more ammunition - National | Globalnews.ca
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Canada to donate $3M to Ukraine drone production, buy more ammunition - ...
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Canada sanctions Iran defence minister, others after missile attack on Israel: Canada is targeting Iran's defence minister as part of a new round of sanctions ...
ctvnews.ca/politics/canada-sanctions-iran-defence-minister-others-after-missile-attack-on-israel-1.6861911
Canada sanctions Iran defence minister, others after missile attack on ...
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Stock market today: Dow drops 375 points after weak GDP data: Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and ...
markets.businessinsider.com/news/stocks/stock-market-today-gdp-1q24-inflation-economy-tech-stocks-microsoft-2024-4
Stock market today: Dow drops 375 points after weak GDP data
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Canada, U.S., U.K. lay additional sanctions on Iran over attack on Israel - National | Globalnews.ca
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Canada, U.S., U.K. lay additional sanctions on Iran over attack on Israel ...
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Norad looking to NATO to help detect threats over the Arctic, chief says - National | Globalnews.ca
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Norad looking to NATO to help detect threats over the Arctic ...
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Canada recognizes housing as a human right. Few provinces have followed suit: As more Canadians find themselves struggling to afford or find housing ...
ctvnews.ca/canada/canada-recognizes-housing-as-a-human-right-few-provinces-have-followed-suit-1.6863150
Canada recognizes housing as a human right. Few provinces have followed ...
Profile picture of Bloomberg
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
bloomberg.com/news/articles/2024-04-25/chanel-ceo-says-price-hikes-driven-by-inflation-craftsmanship
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship
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Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
taiwannews.com.tw/en/news/5673279
Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
Profile picture of Reuters
BOJ keeps ultra-low rates, projects inflation near 2% for years: The Bank of Japan kept interest rates around zero on Friday and issued fresh estimates ...
reuters.com/markets/rates-bonds/bank-japan-may-signal-near-term-rate-hike-with-new-price-forecasts-2024-04-25/
BOJ keeps ultra-low rates, projects inflation near 2% for years
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LGBTQ+ rallies will be held across Canada next month. Here’s what to know - National | Globalnews.ca
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LGBTQ+ rallies will be held across Canada next month. Here’s what to know ...
Profile picture of ABC News
The US economy is cooling off. Why experts say there's no need to worry yet: The economy slowed dramatically to start 2024.
abcnews.go.com/Business/us-economy-cooling-off-experts-worry/story
The US economy is cooling off. Why experts say there's no need to worry ...
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UK joins US, Canada in imposing sanctions on Iran’s drone, missile Industries: The UK on Thursday joined the United States and Canada in announcing a fresh set ...
english.alarabiya.net/News/middle-east/2024/04/25/uk-joins-us-canada-in-imposing-sanctions-on-iran-s-drone-missile-industries
UK joins US, Canada in imposing sanctions on Iran’s drone ...
Profile picture of The Globe and Mail
When will Mark Carney run?: Some Liberals want the former central banker to bolster Justin Trudeau’s government this summer
theglobeandmail.com/politics/opinion/article-when-will-mark-carney-run/
When will Mark Carney run?
Profile picture of The Globe and Mail
Ottawa injects another $36.4-million into vaccine injury compensation fund: To date, a private firm called OXARO has received $56.2 million from Ottawa to run ...
theglobeandmail.com/canada/article-ottawa-injects-another-364-million-into-vaccine-injury-compensation/
Ottawa injects another $36.4-million into vaccine injury compensation fund
Profile picture of Bloomberg
Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year: J Sainsbury Plc expects a big jump in profit this year as the UK supermarket chain pulls in ...
bloomberg.com/news/articles/2024-04-25/sainsbury-s-expects-retail-profit-to-exceed-1-billion-this-year
Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year
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Ottawa ready for games to get 'better and better' as PWHL playoff race heats up: With three spots still to be decided in the coming days, the PWHL's ...
sportsnet.ca/pwhl/ottawa-ready-for-games-to-get-better-and-better-as-pwhl-playoff-race-heats-up/
Ottawa ready for games to get 'better and better' as PWHL playoff race ...
Profile picture of Axios (website)
U.S. economy grew at 1.6% annualized rate in first quarter: By comparison, GDP increased at 3.4% annual rate in the fourth quarter of 2023.
axios.com/2024/04/25/us-economy-gdp-report-q1-2024
U.S. economy grew at 1.6% annualized rate in first quarter
Profile picture of The Globe and Mail
Trans youth deserve better: Young Canadians questioning their gender identity are owed a careful review of best practices. Politicians and activists are both ...
theglobeandmail.com/opinion/article-canada-gender-identity-politics/
Trans youth deserve better
Profile picture of Fox Business
Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
Mortgage demand falls again as interest rates soar past 7%
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Talks on global plastic treaty under way in Canada: Negotiators from 175 countries have begun talks on a proposed global treaty to reduce plastic pollution ...
rte.ie/news/world/2024/0424/1445322-talks-plastic/
Talks on global plastic treaty under way in Canada
Profile picture of The Globe and Mail
Ukrainian politician calls for more military aid from Canada: Chair of Ukraine’s commission on arms control says Ukraine is hoping to receive shells, missiles ...
theglobeandmail.com/world/article-ukrainian-politician-calls-for-more-military-aid-from-canada/
Ukrainian politician calls for more military aid from Canada
Profile picture of Detroit Free Press
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
New I Bond rates won't be tantalizing but they could be decent
Profile picture of Montreal Gazette
Conservatives, NDP demand Ottawa protect Canadians' jobs at new EV plants: Canadian workers are being sidelined in favour of foreign workers at the NextStar ...
montrealgazette.com/news/national/conservatives-ndp-demand-ottawa-protect-canadians-jobs-at-new-ev-plants
Conservatives, NDP demand Ottawa protect Canadians' jobs at new EV plants
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Nearly 200 fossil fuel, chemical lobbyists to join plastic pollution talks in Ottawa - National | Globalnews.ca
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Nearly 200 fossil fuel, chemical lobbyists to join plastic pollution talks ...
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Hummingbird spring arrivals spark appreciation and pre-summer excitement: Whenever Nova Scotia Bird Association President Tony Millard goes on the Hummingbird ...
ctvnews.ca/climate-and-environment/hummingbird-spring-arrivals-spark-appreciation-and-pre-summer-excitement-1.6860641
Hummingbird spring arrivals spark appreciation and pre-summer excitement
Profile picture of USA Today
Fast-food businesses hiking prices because of higher minimum wage sound like Gordon Gekko
usatoday.com/story/opinion/voices/2024/04/24/california-minimum-wage-restaurants-fast-food-raise-prices/73332922007/
Fast-food businesses hiking prices because of higher minimum wage sound ...
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Cost of preparing Jollof rice up 29.3% – Report: The SBM Jollof Index tracks how much it costs to make a pot of jollof rice for a family of five
premiumtimesng.com/agriculture/689379-cost-of-preparing-jollof-rice-up-29-3-report.html
Cost of preparing Jollof rice up 29.3% – Report
Profile picture of Kent Live
Staff at Kent school face redundancies due to rising 'costs and inflation': The Duke of York's Royal Military School said it was consulting on a ...
kentlive.news/news/kent-news/staff-dover-school-face-redundancies-9248991
Staff at Kent school face redundancies due to rising 'costs and inflation'
Quick Glance: Arrest and Three Injured in Wales School Attack
  • Police urge removal of social media footage to prevent contempt of court and distressing those affected.

  • A parent expresses concern over the injured and highlights the rarity of such incidents in Ammanford.

  • Three injured and one arrested after an incident at Ysgol Dyffryn Aman in Ammanford, South-west Wales.

  • Recap of the ongoing investigation at the school as parents anxiously wait for updates on their children's safety.
Profile picture of Bloomberg
US Consumer Sentiment Falls as Inflation Expectations Climb: US consumer sentiment fell in April on dimmer views of personal finances and the economy as ...
bloomberg.com/news/articles/2024-04-26/us-consumer-sentiment-falls-as-inflation-expectations-climb
US Consumer Sentiment Falls as Inflation Expectations Climb
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Some northwestern Alberta residents forced to flee homes due to wildfire burning near Peace River | Globalnews.ca
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Some northwestern Alberta residents forced to flee homes due to wildfire ...
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Copper Hits $10,000 a Ton as BHP Bid Shows Tight Supply Pipeline: Copper hit $10,000 a ton for the first time in two years as speculation builds that the world’s ...
dailymaverick.co.za/article/2024-04-26-copper-hits-10000-a-ton-as-bhp-bid-shows-tight-supply-pipeline/
Copper Hits $10,000 a Ton as BHP Bid Shows Tight Supply Pipeline
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Stock Market This Week: S&P 500, Nasdaq Finish Higher: With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the ...
bloomberg.com/news/articles/2024-04-26/wall-street-humbled-as-rebounding-markets-weather-fed-pivot-fear
Stock Market This Week: S&P 500, Nasdaq Finish Higher
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3 UWI academics chosen for international programme on breast cancer research: KINGSTON, Jamaica — Three academics from The University of the West Indies (The ...
jamaicaobserver.com/2024/04/24/3-uwi-academics-chosen-international-programme-breast-cancer-research/
3 UWI academics chosen for international programme on breast cancer ...
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US Treasury Yields Fall After Fed’s Favored Inflation Gauge Meet Expectations: A selloff in US Treasuries paused on Friday, bringing yields down from their ...
bloomberg.com/news/articles/2024-04-26/treasury-yields-fall-after-pce-inflation-data-meet-expectations
US Treasury Yields Fall After Fed’s Favored Inflation Gauge Meet ...
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Wall St rises as Big Tech charges higher: Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from ...
reuters.com/markets/us/futures-climb-alphabet-microsoft-results-lift-megacaps-2024-04-26/
Wall St rises as Big Tech charges higher
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Inflation Data Reinforce Powell’s Shift Toward High for Longer: Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome ...
bloomberg.com/news/articles/2024-04-26/inflation-data-reinforce-powell-s-shift-toward-high-for-longer
Inflation Data Reinforce Powell’s Shift Toward High for Longer
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Does fighting inflation always lead to recession? What NZ data tells: Here is what 60 years of New Zealand data shows us.
rnz.co.nz/news/business/515288/does-fighting-inflation-always-lead-to-recession-what-nz-data-tells
Does fighting inflation always lead to recession? What NZ data tells
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Stock market today: Indexes rise to close best week since November: US stocks climbed to end the week. The tech sector rallied sharply, with the Nasdaq Composite ...
markets.businessinsider.com/news/stocks/stock-market-news-today-earnings-pce-tech-rally-nasdaq-alphabet-microsoft-2024-4
Stock market today: Indexes rise to close best week since November
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Fed’s Preferred Core Inflation Gauge Rose at Brisk Pace in March: The Federal Reserve’s preferred gauge of underlying US inflation rose at a brisk pace in March ...
bloomberg.com/news/articles/2024-04-26/fed-s-preferred-core-inflation-gauge-rose-at-brisk-pace-in-march
Fed’s Preferred Core Inflation Gauge Rose at Brisk Pace in March
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UK consumers feeling more confident about finances, says NatWest boss: For first time since August 2021 people expect position to be better in a year ...
theguardian.com/business/2024/apr/26/uk-consumers-feeling-more-confident-about-finances-says-natwest-boss
UK consumers feeling more confident about finances, says NatWest boss
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Retirees feel good about money now, but worry about inflation and Social Security
marketwatch.com/story/retirees-feel-good-about-money-and-life-but-worry-about-inflation-and-social-security-e81d453e
Retirees feel good about money now, but worry about inflation and Social ...
Quick Glance: The Illusion of the Optimal Retirement Age
  • During the Great Depression, the retirement age was set at 65, despite lower life expectancies at the time.

  • Due to increased life expectancy and a growing retiree population, the social security system is facing financial challenges.

  • The debate around raising the retirement age is controversial, considering the impact on the health and social status of older workers.

  • The discussion on the ideal retirement age also addresses social inequalities, health factors, and the diversity of individual working conditions.
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Japanese yen retreats after sudden surge: The Japanese yen slid on Friday, having briefly jumped against the dollar and other currencies ...
reuters.com/markets/currencies/yen-its-weakest-decades-boj-meets-2024-04-26/
Japanese yen retreats after sudden surge
Profile picture of Montreal Gazette
Quebec 'ghosts' reporter who asks if housing is human right : Housing Minister France-Élaine Duranceau’s representative inadvertently sent a response meant for a ...
montrealgazette.com/news/quebec/quebec-ghosts-reporter-who-asks-if-housing-is-human-right
Quebec 'ghosts' reporter who asks if housing is human right 
Profile picture of Bloomberg
Best London Nightclubs Suffer From High Property Prices, Soaring Costs: Soaring costs, safety concerns and noise complaints are strangling after-dark economies ...
bloomberg.com/news/features/2024-04-26/best-london-nightclubs-suffer-from-high-property-prices-soaring-costs
Best London Nightclubs Suffer From High Property Prices, Soaring Costs
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Ibovespa Rallies on Positive Inflation Signals: On Friday, the Ibovespa, Brazil's main stock index, soared, marking a significant upturn in its trajectory
riotimesonline.com/ibovespa-rallies-on-positive-inflation-signals/
Ibovespa Rallies on Positive Inflation Signals
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Oil Prices Rise Amid U.S. Inflation Data and Tensions in Rafah: This week, oil markets showed resilience as futures closed higher despite a strong dollar ...
riotimesonline.com/oil-prices-rise-amid-u-s-inflation-data-and-tensions-in-rafah/
Oil Prices Rise Amid U.S. Inflation Data and Tensions in Rafah
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Morning Bid: Big Tech see-saw flips positive, yen swings wildly: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-26/
Morning Bid: Big Tech see-saw flips positive, yen swings wildly
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Microsoft, Amazon, Nvidia And Alphabet Lead Tech Stock Surge To Two-Month High: The rally from Microsoft, Amazon, Nvidia and Alphabet eased anxiety over ...
forbes.com/sites/segunolakoyenikan/2024/04/26/microsoft-amazon-nvidia-and-alphabet-lead-tech-stock-surge-to-two-month-high/
Microsoft, Amazon, Nvidia And Alphabet Lead Tech Stock Surge To Two-Month ...