Canada’s economic recovery stumbled in the final quarter of last year as good-producing industries struggled with supply-chain bottlenecks and the continued weight of tariffs and uncertainty.
Federal Reserve governor Christopher Waller, who had been a finalist for the Fed’s top job until President Trump nominated Kevin Warsh as chair, laid out his rationale for dissenting against the central bank’s decision to hold rates steady this week.
Inflation signals have taken on more significance as yen weakness poses a risk to the Bank of Japan’s efforts to generate healthy, demand-led price growth.
The U.K. government said it expects whisky exports to China to be worth roughly $345.2 million to the economy over the next five years as tariffs are lowered to 5% from 10%.
The Reserve Bank maintained its main repo rate at 6.75% as it weighed steady inflation, low oil prices and a stronger rand against global geopolitical uncertainty.
The number of people who filed for unemployment benefits fell to 209,000 in the week through Jan. 24, down from 210,000 a week earlier, the Labor Department said.
The U.S. trade deficit rebounded in November, the Commerce Department said Thursday, extending a turbulent stretch for international trade flows as the economy responds to the Trump administration’s tariffs and financial volatility.
Ireland’s GDP was 12.6% higher on year, the fastest expansion since 2021, even as Trump raised tariffs on imports from Europe and urged businesses to bring their production to the U.S.