U.S. Economy

• Joe Biden promises U.S. will collaborate with southeast Asian nations

  President Joe Biden promised Saturday that the United States would work with a strategically vital coalition of southeast Asian nations.

  World

  Nov 12
  
• U.S. inflation eases to 7.7% in October despite rise in energy prices

  A drop in used car prices along with clothing and medical care costs helped to ease inflation.

  Consumer

  Nov 10
  
• Advertisement
• Mortgage rates in the U.S. are now at their highest level since 2006

  Mortgage 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.

  Economy

  Oct 12
• Advertisement
• 2023 will ‘feel like a recession’ for many, IMF warns in revised global outlook

  The International Monetary Fund said its latest World Economic Outlook forecasts show that a third of the world economy will likely contract by next year.

  Economy

  Oct 11
• Could Canada follow the U.S.’s economic decline? Here’s what experts say 

  Canada'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?

  Economy

  Jul 30
• 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.

  Economy

  Jul 28
• Why U.S. inflation is so high, and how long will it last? Here’s what we know

  For the 12 months ending in June, the government's consumer price index rocketed 9.1%, the fastest year-over-year jump since 1981.

  Economy

  Jul 13
• U.S. inflation hit a new 40 year high amid rising prices of gas, food

  The 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.

  Economy

  Jun 10
• Advertisement
• U.S. added 431,000 jobs in March in sign of economic health

  The U.S. job market continues to rebound with unexpected speed from the coronavirus recession, with 431,000 new positions added in March.

  Economy

  Apr 1
• Advertisement
• Average U.S. gas price slips 6 cents over 2 weeks

  Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the decrease comes after nine straight weeks of price hikes totaling 98 cents.

  Economy

  Mar 27