Economy

China cuts 1-year benchmark rate, doubles subsidies for EVs China cuts 1-year benchmark rate, doubles subsidies for EVs

Economic Indicators

China cuts 1-year benchmark rate, doubles subsidies for EVs

It's the biggest rate cut since the country was slammed by the Covid-19 pandemic in 2020

By Elaine Kurtenbach, The Associated Press |July 25, 2024

3 min read

U.S. economic growth increased last quarter U.S. economic growth increased last quarter

Economic Indicators

U.S. economic growth increased last quarter

The country's GDP picked up between April and June: report

By Paul Wiseman, The Associated Press |July 25, 2024

3 min read

Fewer Americans file for jobless claims Fewer Americans file for jobless claims

Economic Indicators

Fewer Americans file for jobless claims

Continuing claims have been on the rise in recent months

By Matt Ott, The Associated Press |July 25, 2024

2 min read

What BoC’s rate drop means for loonie Fallback Image Decorative pattern

Policy

What BoC’s rate drop means for loonie

Divergence with Federal Reserve could put pressure on Canadian dollar

By Ian Bickis, The Canadian Press |July 24, 2024

3 min read