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Trump Moves to Impose 10% Global Tariff After Court Setback

                                                        U.S. President Donald Trump In the wake of a major Supreme Court defeat, President Donald Trump announced that he will sign an executive order to impose a 10% global tariff on U.S. trading partners. The move comes just hours after the Court struck down his earlier sweeping tariff measures, ruling 6–3 that he had exceeded his authority under emergency powers.  Trump said the new tariff will be enacted under Section 122 of the Trade Act of 1974, which allows temporary trade measures to address balance‑of‑payments issues. He emphasized that the tariff would be added “over and above” existing duties, signaling his intent to continue pursuing aggressive trade policies despite the legal setback.  Defiant in tone, Trump insisted that the ruling would not constrain...
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Bank of Canada Poised for Another Interest Rate Cut

 

The Bank of Canada (BoC) is widely expected to announce another interest rate cut today, with forecasters leaning towards a half-percentage point reduction. This move would bring the BoC's key rate down to 3.25%, marking the fifth consecutive rate cut since June.

The decision follows the November labour force survey, which showed the unemployment rate rising to 6.8%. The central bank had previously lowered its benchmark interest rate by half a percentage point in October in response to inflation returning to its two percent target.

Governor Tiff Macklem has emphasized that the decision will be data-dependent, and the recent economic indicators have solidified expectations for another significant cut.

The BoC's efforts to manage inflation and support economic growth have been closely watched by market analysts and economists, who are keen to see how these measures will impact the Canadian economy moving forward.




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