US economy
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U.S. Federal Reserve joins Canada in hiking interest rates 50 basis pointsThe U.S. Federal Reserve on Wednesday joined other central banks in the world, including the Bank of Canada, in aggressively hiking interest rates to tamp down inflation.EconomyMay 4
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The U.S. economy just shrank for 1st time since the pandemic recessionThe United States economy contracted in the first quarter of the year but strong underlying consumer spending and labour market trends could keep the U.S. economic engine chugging.EconomyApr 28
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U.S. consumer prices up 7% in December, setting a 40-year recordPrices on gas and other consumer good rose at the highest rate in 40 years in the U.S. last month as increased spending from Americans compounded supply chain worries.ConsumerJan 12
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Biden set to sign $1 trillion infrastructure bill into lawBiden needs some positive momentum as he struggles to address rising inflation and high gasoline prices that have contributed to a drop in his job approval ratingsWorldNov 15, 2021
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U.S. job growth accelerates, economy adds 850K jobs in JuneThe pace of U.S. job growth accelerated in June, with employers rushing to ramp up operations to meet soaring demand.MoneyJul 2, 2021
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Joe Biden’s US$6T budget driven by tax hikes on corporationsBiden’s $6 trillion budget proposal for next year would run a $1.8 trillion federal government deficit despite a raft of new tax increases on corporations and high-income people.WorldMay 28, 2021
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U.S. treasury secretary calls for minimum global corporate income taxU.S. Treasury Secretary Janet Yellen said the Biden administration would work with other advanced economies in the Group of 20 to set a minimum.EconomyApr 5, 2021
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Biden to sign orders speeding delivery of U.S. coronavirus stimulus cheques, food aidThe president is using the two executive orders to try to ease people's burdens while Congress negotiates the fate of his proposed US$1.9 trillion stimulus package.EconomyJan 22, 2021
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Biden says U.S. government contracts must ‘buy American’ to be approvedCanadian officials on both sides of the border have been talking about plans to sell the U.S. on a different approach: "Buy North American."EconomyNov 16, 2020
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Biden outlines plan to ease economic inequity in U.S amid coronavirus pandemicU.S. President-elect Joe Biden on Monday outlined his plans to alleviate economic inequality and boost the U.S. economy but said any structural reforms depend first on reining in the coronavirus pandemic.HealthNov 16, 2020
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