US economy

• U.S. Federal Reserve joins Canada in hiking interest rates 50 basis points

  The 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.

  Economy

  May 4
  
• The U.S. economy just shrank for 1st time since the pandemic recession

  The 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.

  Economy

  Apr 28
  
• Advertisement
• U.S. consumer prices up 7% in December, setting a 40-year record

  Prices 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.

  Consumer

  Jan 12
• Advertisement
• Biden set to sign $1 trillion infrastructure bill into law

  Biden 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 ratings

  World

  Nov 15, 2021
• U.S. job growth accelerates, economy adds 850K jobs in June

  The pace of U.S. job growth accelerated in June, with employers rushing to ramp up operations to meet soaring demand.

  Money

  Jul 2, 2021
• Joe Biden’s US$6T budget driven by tax hikes on corporations

  Biden’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.

  World

  May 28, 2021
• U.S. treasury secretary calls for minimum global corporate income tax

  U.S. Treasury Secretary Janet Yellen said the Biden administration would work with other advanced economies in the Group of 20 to set a minimum.

  Economy

  Apr 5, 2021
• Biden to sign orders speeding delivery of U.S. coronavirus stimulus cheques, food aid

  The 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.

  Economy

  Jan 22, 2021
• Advertisement
• Biden says U.S. government contracts must ‘buy American’ to be approved

  Canadian officials on both sides of the border have been talking about plans to sell the U.S. on a different approach: "Buy North American."

  Economy

  Nov 16, 2020
• Advertisement
• Biden outlines plan to ease economic inequity in U.S amid coronavirus pandemic

  U.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.

  Health

  Nov 16, 2020