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Analysis by Oxford Economics estimated that 25% tariffs implemented across all sectors and predicted retaliatory tariffs would cause Canada's GDP to fall by 2.5% by early 2026, increase its inflation rate to 7.2% by mid-2025, and increase its unemployment rate to 7.9% by the end of 2025 due to an estimated 150,000 layoffs.
It hasn't been a great time for folks in the business of predicting recessions. The Conference Board's Leading Economic Index signaled a recession in 2022. The highly regarded inverted yield curve ...
Image source: Getty Images. Bad economy, bad stock market. At least on the surface, this is an easy question to answer. A bad economy nearly always translates to a bad stock market.
To be sure, Fed rate hikes have helped bring consumer inflation down from 9.1% in mid-2022 to just 2.9% in the latest reading, the lowest annual rate in three years. But in the process, the ...
A jumbo rate cut is unwarranted and could spark deeper recession fears, economist George Lagarias says. Those fears could turn into a "self-fulfilling prophecy" as markets panic, Lagarias says.
Recession of 1953: July 1953 July 1954 Recession of 1958: March 1957 January 1958 Recession of 1960–1961: March 1960 March 1961 1973–1975 recession: October 1974 March 1975 Early 1980s recession in the United States: June 1981 October 1982 Early 1990s recession: March 1990 May 1992 Great Recession: October 2008 May 2009 COVID-19 recession ...
Yahoo Finance's Rick Newman answers some of the biggest questions Yahoo viewers have surrounding the current state of the market and if a recession is imminent.
The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1] Many large-scale events that planned to take place in 2020 in Canada were cancelled or delayed.