News
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FACTBOX-What are the key races in Canada's federal election?
OTTAWA, April 22 (Reuters) - As Canada holds an election on Monday, Prime Minister Mark Carney's Liberals are ahead of Pierre Poilievre's Conservatives in national opinion polls. The New Democratic Party led by Jagmeet Singh is in a distant third place, while the separatist Bloc Quebecois, w...Reuters
Tue, Apr 22
What to Watch in the Day Ahead - Wednesday, April 23
Boeing is set to release its first-quarter results, with investors, suppliers and customers closely monitoring the production of the Boeing 737. The company is working to increase production of its flagship aircraft, which is a key source of revenue. Boeing executives have previously indicated that ...Reuters
Tue, Apr 22
Fed’s Kashkari: Can’t allow inflation expectations to get unanchored
Minneapolis Fed President Neel Kashkari warned that US tariffs act as a drag on economic growth and emphasised the central bank’s responsibility to prevent those trade measures from fuelling longer-term inflation.Fxstreet
Tue, Apr 22
Fed's independence 'foundational' to better economic outcomes, Kashkari says
April 22 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari, asked about President Donald Trump's vocal attacks on Fed Chair Jerome Powell for not cutting interest rates, said on Tuesday the Fed's monetary policy independence is foundational and the key to better economic o...Reuters
Tue, Apr 22
US, Japan move closer to outline of trade deal, source says
By Trevor HunnicuttApril 22 (Reuters) - The United States and Japan are moving closer to an interim arrangement on trade, but many of the biggest issues are being put off, according to a person familiar with the matter.Such an interim framework will not tackle the thorniest issues facing the two cou...Reuters
Tue, Apr 22
Mexico's president counters IMF forecast of economic contraction
By Ana Isabel Martinez and Natalia Siniawski MEXICO CITY, April 22 (Reuters) - Mexican President Claudia Sheinbaum on Tuesday pushed back against the International Monetary Fund's new forecast of a contraction in GDP this year, saying public spending would help shield Latin America's no. ...Reuters
Tue, Apr 22
Carney appeals for support in Quebec, promises protection from Trump
Carney says he will protect Quebec from Trump threatsLiberals lead Conservatives in polls ahead of electionBloc Quebecois supporters may switch to Liberals for stronger stance against TrumpBy Promit Mukherjee TROIS-RIVIERES, Quebec, April 22 (Reuters) - Canadian Prime Minister Mark Carney took hi...Reuters
Tue, Apr 22
Israel optimistic on reaching trade deal with US, economy minister says
By Federico Maccioni ABU DHABI, April 22 (Reuters) - Israel is hopeful that it will reach a trade agreement with the United States before a pause to a barrage of U.S. tariffs on global imports expires on July 9, Israeli Economy Minister Nir Barkat told Reuters on Tuesday."There are a number o...Reuters
Tue, Apr 22
Carney says if all goes to plan, he could balance Canada budget in 4 or 5 years
TROIS-RIVIERES, Quebec, April 22 (Reuters) - Canada Prime Minister Mark Carney on Tuesday said if his Liberals won an April 28 election and all went to plan, it would be realistic to expect the budget to return to surplus in four or five years' time.Carney released his economic plan on Saturday ...Reuters
Tue, Apr 22
Euro zone bonds outshine U.S. Treasuries amid Trump's Fed rebuke
U.S.-German 10-yr spread set for biggest monthly rise since 2003German 2-year bund yields drop to lowest since October 2022By Yadarisa Shabong April 22 (Reuters) - Euro zone government bond yields dipped on Tuesday, continuing to outperform U.S. Treasuries, as traders sought the safety of Europea...Reuters
Tue, Apr 22
GE Aerospace CEO Culp advocates tariff-free regime for aviation industry
By Rajesh Kumar Singh CHICAGO, April 22 (Reuters) - GE Aerospace GE.N CEO Larry Culp said on Tuesday he advocated re-establishing a tariff-free regime for the aerospace industry under the 1979 Civil Aircraft Agreement when he met with U.S. President Donald Trump.In an interview with Reuters, Culp...Reuters
Tue, Apr 22
IMF cuts growth forecasts for most countries in wake of century-high US tariffs
IMF sees global growth of 2.8% in 2025, down from 3.3% in January forecastIMF chief economist says new era ushered in by trade resetEscalating trade tensions could further dampen growthClick By Andrea Shalal WASHINGTON, April 22 (Reuters) - The International Monetary Fund on Tuesday slashed its g...Reuters
Tue, Apr 22
Citi expects higher effect of tariffs on growth in second half, puts recession odds close to 45%
By Tatiana Bautzer NEW YORK, April 22 (Reuters) - Citigroup's Chief Economist Nathan Sheets said on Tuesday the U.S. has a 40% to 45% chance of recession as the economy suffers the impact of tariffs imposed by President Donald Trump on China and other trading partners. The Trump administratio...Reuters
Tue, Apr 22
TREASURIES-Long-term US yields decline on mixed safe-haven demand
'Push and pull' safe-haven demand pushes yields lowerTrump's attacks on Powell raise concerns over Fed independenceThis could further deter foreign demand for Treasuries By Davide BarbusciaNEW YORK, April 22 (Reuters) - U.S. Treasury long-term yields declined on Tuesday, reversing some o...Reuters
Tue, Apr 22
USD/CAD flattens around 1.3850 as US Dollar looks for firm-footing
The USD/CAD pair trades flat around 1.3850 during North American trading hours on Tuesday. The Loonie pair turns sideways after posting a fresh six-month low near 1.3800 as the US Dollar (USD) looks for a cushion after having a downside run in the last two weeks.
Fxstreet
Tue, Apr 22
Citi says odds of recession in US close to 45%, largest effect of tariffs to happen in second half
By Tatiana BautzerNEW YORK, April 22 (Reuters) - Citigroup's Chief Economist Nathan Sheets said on Tuesday the U.S. has a 40% to 45% chance of recession as the economy suffers the impact of tariffs imposed by president Donald Trump on China and other trading partners. Sheets expects GDP to grow ...Reuters
Tue, Apr 22
China faces deflationary pressures from US tariffs, IMF chief economist says
WASHINGTON, April 22 (Reuters) - China is facing stronger deflationary pressures as a result of tariff impacts but fiscal support is helping to offset the substantial 1.3 percentage-point growth drag that the duties are causing, International Monetary Fund chief economist Pierre-Olivier Gourinchas s...Reuters
Tue, Apr 22
