Economy News

Economy

Canada Announces Six-Month Tariff Relief for US Goods to Boost Manufacturing and Healthcare

Canada introduces a six-month tariff relief for US goods used in manufacturing and essential sectors, alongside a new framework to support automakers, aiming to strengthen economic...

Economy

EIA Forecasts Brent Crude to Hit $91 per Barrel by 2050 Amid Shifting Energy Consumption Trends

The EIA predicts Brent crude prices will rise to $91 per barrel by 2050, with WTI reaching $89. US energy consumption is expected to decline before rising again in the 2040s, yet r...

Economy

EIA Forecasts Brent Crude Oil to Hit $91 per Barrel by 2050, Signaling Long-Term Energy Shifts

The EIA predicts Brent crude oil prices will rise to $91 per barrel by 2050, with WTI reaching $89. US energy consumption is expected to decline before rebounding in the 2040s, but...

Economy

German Economic Sentiment Takes a Sharp Dive in April Amid Global Trade Uncertainties

Germany's economic sentiment indicator sharply declined to negative 14 in April, influenced by global trade uncertainties and US policy changes, with the Eurozone also experiencing...

Economy

Canada's Inflation Rate Drops to 2.3% in March, Surpassing Economists' Expectations

Canada's inflation rate decreased to 2.3% in March, below February's 2.6% and economists' expectations, primarily due to lower prices for travel tours and gasoline.

Economy

Canada Announces Six-Month Tariff Relief on US Goods to Boost Manufacturing and Public Health

Canada introduces a six-month tariff relief on US goods to support manufacturing and public health sectors, alongside a new framework to incentivize automotive industry growth.

Economy

Scope Raises Alarm: US Credit at Risk Amid Escalating Trade War Tensions

Scope, a German credit rating agency, warns that the US could face a credit negative outlook due to the trade war's impact on dollar trust. Three scenarios, from light tariffs to p...

Economy

Surprising Drop in Canadian Inflation to 2.3% in March: What's Behind the Numbers?

Canada's inflation rate unexpectedly dropped to 2.3% in March, driven by decreases in travel tour and gasoline prices, according to Statistics Canada. The monthly CPI also saw a sl...