The Pituffik Space Base (formerly Thule Air Base) in Greenland Global markets faltered as fresh tariff threats from U.S. President Donald Trump reignited fears of a renewed trade clash between Washington and key European partners. The announcement targeted several EU nations and immediately sent shockwaves through equities, currencies, and commodities. European stocks opened sharply lower, with export‑heavy sectors—particularly autos, luxury goods, and industrials—bearing the brunt of the selloff. Major multinational firms saw billions wiped from their market value within hours as investors braced for potential retaliatory measures from Brussels. The proposed tariffs, set to begin at 10% and potentially rise to 25% later in the year, stem from escalating geopolitical disagreements that have st...
Canada's Economy Shows Modest Growth in Q3 2024
Canada's economy grew at an annualized rate of 1% in the third quarter of 2024, according to Statistics Canada. The growth was driven by increased consumer spending, particularly on new vehicles, and higher government expenditures.
Despite the positive growth, the figure fell short of the Bank of Canada's forecast of 1.5% annualized growth for the quarter. The slower business investment and lower exports also contributed to the modest growth rate. Additionally, real GDP per capita declined by 0.4%, marking the sixth consecutive quarter of per-capita GDP decline.
Economists are closely watching these trends as the country navigates through economic challenges and uncertainties. The government remains optimistic about the economy's resilience and is expected to introduce measures to stimulate further growth.
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