Skip to main content

Featured

Canada's Economy Just Grew 3.3% — Here's Why That Makes a September Rate Cut Even Less Likely

  Published August 29, 2026 If you've been holding out hope that a slowing economy might finally push the Bank of Canada toward a rate cut, Friday's numbers just closed that door a little further. Statistics Canada reported that the Canadian economy grew at an annualized pace of 3.3% in the second quarter — the fastest rate since 2023 — and revised figures show the first quarter expanded 0.3% rather than shrinking as originally reported. That confirms Canada never actually slid into a technical recession this year. It's good news for the economy. It's less good news if you were counting on lower borrowing costs anytime soon. What actually drove the growth The rebound was broad-based. Exports posted their strongest performance in 39 months, business investment in factories, equipment and commercial real estate jumped, and consumer spending held up as well. On a per-person basis, output grew at a 3.8% annualized clip — the quickest pace since late 2021, even with Canada...
Post a Comment
Read more

article

Labels

Trump's Tariff Gamble: Boom or Bust?

In a bold move, former President Donald Trump has predicted that his sweeping global tariffs will lead to an economic boom for the United States. The tariffs, which impose significant taxes on imports from various countries, are aimed at boosting domestic manufacturing and creating jobs. Trump has emphasized that these measures will "bring back manufacturing jobs" and "restore America's economic glory."

However, the immediate reaction from global markets tells a different story. Financial markets worldwide have experienced sharp declines, with major indices like the S&P 500 and Nasdaq dropping significantly. Economists warn that the tariffs could lead to higher inflation and slower economic growth, potentially offsetting any benefits from increased domestic production.

While Trump remains optimistic about the long-term impact of his policies, critics argue that the tariffs could strain international relations and disrupt global supply chains. The coming months will reveal whether Trump's vision of economic prosperity will materialize or if the tariffs will trigger a recession instead.

Labels:

Comments

Post a Comment