U.S. Economy
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Joe Biden promises U.S. will collaborate with southeast Asian nationsPresident Joe Biden promised Saturday that the United States would work with a strategically vital coalition of southeast Asian nations.WorldNov 12, 2022
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U.S. inflation eases to 7.7% in October despite rise in energy pricesA drop in used car prices along with clothing and medical care costs helped to ease inflation.ConsumerNov 10, 2022
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Mortgage rates in the U.S. are now at their highest level since 2006Mortgage rates have more than doubled since the beginning of the year as the Federal Reserve pursues an aggressive path of interest rate hikes to bring down inflation.EconomyOct 12, 2022
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2023 will ‘feel like a recession’ for many, IMF warns in revised global outlookThe International Monetary Fund said its latest World Economic Outlook forecasts show that a third of the world economy will likely contract by next year.EconomyOct 11, 2022
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Could Canada follow the U.S.’s economic decline? Here’s what experts sayCanada's economy shows signs of slowing but growing while the United States has reported two quarters of decline. What's the difference between the North American neighbours?EconomyJul 30, 2022
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U.S. economy dipped last quarter. After 2 straight declines, when is it a recession?The U.S. economy contracted 0.9 per cent in the last quarter, marking its second straight decline. But economists point to a strong labour market as one reason against recession.EconomyJul 28, 2022
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Why U.S. inflation is so high, and how long will it last? Here’s what we knowFor the 12 months ending in June, the government's consumer price index rocketed 9.1%, the fastest year-over-year jump since 1981.EconomyJul 13, 2022
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U.S. inflation hit a new 40 year high amid rising prices of gas, foodThe prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.EconomyJun 10, 2022
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U.S. added 431,000 jobs in March in sign of economic healthThe U.S. job market continues to rebound with unexpected speed from the coronavirus recession, with 431,000 new positions added in March.EconomyApr 1, 2022
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Average U.S. gas price slips 6 cents over 2 weeksIndustry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the decrease comes after nine straight weeks of price hikes totaling 98 cents.EconomyMar 27, 2022
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