Bank of Canada to raise inflation forecast sharply as oil prices stay high, Macklem says
The Bank of Canada expects to raise its quarterly inflation forecast significantly this month because crude oil and petroleum product…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Social Security’s 2027 COLA Hits 3.6% as September CPI-W Rises 3.9%
Social Security recipients will receive a 3.6% cost-of-living adjustment in 2027, the fifth-largest in the past 35 years. The increase…
Trump waives Graham Act tariffs on Russian goods and top buyers of Russian oil
President Donald Trump waived two key provisions of the Graham Act, which would have raised duties on Russian goods and…
Russia Says It Struck Ukrainian Steel Plants and Power Infrastructure in Overnight Attack
Russia's defence ministry said it hit Ukrainian steel plants, electricity infrastructure and a cargo vessel in a large-scale overnight attack….
Delegates walk out of IMF steering committee meeting as Russian finance minister speaks
Many delegates left a meeting of the International Monetary Fund's steering committee on Saturday when Russian Finance Minister Anton Siluanov…
