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Manufacturing
Orders for US big ticket factory goods surge 15.8 per cent in May
WASHINGTON — Orders to American factories for big-ticket goods rebounded last month from a disastrous April and March as the US…
Feds prepared to push back against any new US aluminum tariffs
OTTAWA — Treasury Board President Jean-Yves Duclos said Tuesday federal officials will push back against any new protectionist…
IMF downgrades outlook for global economy in face of virus
WASHINGTON — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far…
COVID-19 to leave some lasting economic damage: Bank of Canada chief
OTTAWA — Canada's top central banker says there will be long-term economic damage from the COVID-19 pandemic as the country charts…
Wholesale sales posted record plunge in April
OTTAWA — Wholesale sales in Canada fell by a record 21.6 per cent to $49.8 billion in April, led by a plunge in the motor vehicle…
US industrial production bounces back 1.4 per cent in May
WASHINGTON — American industry rebounded last month as factories began to reopen for the first time since being shut down by the…
As real as it gets
From the June 2020 print edition
This is the second column I have written since COVID-19 struck. Two months ago (it was late…
Manufacturing sales posted record plunge in April
OTTAWA — Statistics Canada says manufacturing sales fell by a record amount in April, the first full month of physical distancing…
Key household debt ratio rose in the first quarter: StatsCan
OTTAWA — Statistics Canada says a key measure of household debt rose in the first quarter as the COVID-19 pandemic began to take…
US wholesale prices rise 0.4 per cent in May
WASHINGTON — US wholesale prices rose 0.4 per cent in May, led by a gains in the cost of food and energy.
The Labor Department…
Honda hit by cyberattack
LONDON — Japanese carmaker Honda said that it has been hit by a cyberattack that disrupted its business in several countries,…
Virus pummels global economy, jobs even without second wave
PARIS — The virus crisis has triggered the worst global recession in nearly a century — and the pain is not over yet even if there…