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Trump Touts Economic Agenda in State of the Union as Support Shows Signs of Erosion

                         Trump touts a 'roaring economy' in his State of Union as Americans continue to struggle. President Donald Trump used his State of the Union address to spotlight what he described as a revitalized American economy, emphasizing job growth, rising wages, and renewed manufacturing activity. Speaking before a sharply divided Congress, Trump framed his economic record as evidence of strong leadership and a blueprint for continued national prosperity. Throughout the speech, he highlighted tax cuts, deregulation efforts, and trade policies that he said had strengthened the country’s global position. He also urged lawmakers to “stay the course,” arguing that reversing his policies would jeopardize economic momentum. Yet the address came at a moment when several national polls show a gradual decline in public support. Analysts point to concerns about inflation, uneven wage gains, and political p...
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Canada’s inflation rate rises in July, but food prices remain stable




According to the latest update from Statistics Canada, the country’s inflation rate accelerated in July 2023. The Consumer Price Index (CPI) rose 3.7% on a year-over-year basis in July, up from a 3.1% increase in June. The increase was mainly due to higher prices for shelter and transportation. However, food prices eased in July, with the food index rising 2.5% year over year compared with a 2.7% increase in June.

Inflation is an important economic indicator that measures the rate at which the general level of prices for goods and services is rising and, subsequently, purchasing power is falling. The rise in inflation can be attributed to various factors such as supply chain disruptions, higher demand for goods and services, and other economic factors. The easing of food prices in July is a positive sign for consumers as it means that they will have to spend less on food items than they did in June.



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