Economics

The move threatens significant volatility in the coming weeks, ahead of a crucial G7 summit in Canada next month.

The European Union and Apple aren’t the only victims in this latest round of Trump’s trade war.

Prioritizing ideology, gut instincts, and upending the economic order has gone poorly for centuries.

Also: The bank is having a bond-dealing slump

We estimate the House-passed reconciliation bill increases primary deficits by $2.8 trillion over 10 years. GDP rises slightly, as labor supply and savings respond to a reduced social safety net, but the dynamic score is larger ($3.2 trillion) than the conventional.

Canada’s economy is likely in the early stages of a recession, according to forecasters, as unemployment rises and exports fall because of a trade war with the US.

The UK savings rate hit 12 per cent in late 2024, its highest since 2010. Will this caution stifle economic growth, or is there more to the story?