Economy

Canada’s economy faces the risk of shrinking significantly if the current rail stoppage continues for an extended period of time. Economists and analysts have warned that the negative effects could be substantial, leading to job losses and an increase in consumer prices. According to Pedro Antunes, Chief Economist at the Conference Board of Canada, a

Recent developments in the currency markets have seen the U.S. dollar slipping to its lowest point against the euro this year. Traders are eagerly awaiting revisions to U.S. payrolls data, anticipating significant implications for the market. Additionally, all eyes are on Federal Reserve Chair Jerome Powell’s upcoming speech later this week, which is expected to

The sinking of the British-flagged luxury yacht Bayesian off the coast of Sicily has left the world in shock. The violent storm that struck the 56-meter-long sailboat took the lives of one person on board and left six others missing, including British tech entrepreneur Mike Lynch and his daughter. The incident has not only resulted

The global equities market seems to be experiencing a period of optimism as Asian stocks were taking a breather on Monday. This sigh of relief comes after global equities enjoyed their best week in nine months on expectations the U.S. economy would dodge a recession. Moreover, there are expectations that cooling inflation would kick off

The latest economic figures coming out of China are painting a bleak picture of the country’s economic situation. From falling new home prices to slowing industrial output, it is evident that the world’s second-largest economy is facing significant challenges in maintaining its growth trajectory. While some data points exceeded expectations, they did so for reasons

Alan Taylor, a renowned economics professor specializing in international economics and financial crises, has recently been named as a member of the Bank of England’s Monetary Policy Committee. His appointment, announced by Britain’s finance ministry, highlights his impressive career in academia and his valuable experience in the financial sector. Taylor, a British-born scholar, is currently

The recent movements in U.S. Treasury yields have been a reflection of investor sentiment following the release of key economic data. The initial panic triggered by concerns of an impending recession due to a sudden increase in the unemployment rate has subsided as more positive indicators have emerged. Retail sales data, along with stable inflation

The recent economic data has put the dollar on the back foot, as the euro remains near an eight-month high. The slowing U.S. inflation has raised expectations of a potential rate cut by the Federal Reserve next month. This has led to the euro hovering close to its highest level since early January, showing a

The Brazilian real has been experiencing a rapid decline in value in recent times, with the currency weakening by nearly 12% against the U.S. dollar this year. However, despite this significant depreciation, the central bank of Brazil has refrained from intervening in the foreign exchange market. Central bank chief Roberto Campos Neto made it clear

In a recent global financial markets rout, South Korea’s retail investors stood out by defying the trend and pouring more funds into U.S. stocks. This behavior is not new and has been observed over the years, fueled by the perceived value proposition in the U.S. market compared to the domestic market. Retail investors in South