We’ve aggregated snapshots of the U.S. economy into a few simple clicks.
U.S. consumers spent less at auto dealers, gas stations and department stores in February, causing overall retail sales to slip 0.1%. It was the third consecutive month of declining retail sales, the Commerce Department said Wednesday, though retail sales are still 4% higher from a year ago. In a CIBC economics report, Royce Mendes, director […]
The consumer price index increased 0.2% last month, after a sharp 0.5% gain in January, the U.S. Labor Department said.
Last week, U.S. tariffs were announced on steel and aluminum imports—25% on steel and 10% on aluminum. Canada and Mexico are excepted, so long as NAFTA negotiations are ongoing. The exception notwithstanding, the development isn’t good news for investors. “Protectionist U.S. trade policies will do more harm than good, not just to the country’s export […]
The biggest headlines will come out of the U.S.
With markets attuned to inflation risk and with equity volatility rearing its head, President Trump’s tough talk on trade tariffs isn’t good news. The president has threatened tariffs on aluminum (10%) and steel (25%) imports, with the effect likely being sharply higher domestic metals prices. Douglas Porter, BMO chief economist, estimates in a weekly financial […]
Finance Minister Bill Morneau speaks up, while WTO is concerned
Two stock stories that illustrate where there are risks and opportunities
Don't expect big spending or a response to U.S. tax reform, economists say
The story behind global intangible low-taxed income