Canada’s GDP contracts in April, likely another decline in May

Canada's economy contracted by 0.1% in April, with declines in goods-producing industries and manufacturing, raising concerns about future growth amid U.S. tariffs.

Fed’s Kashkari expects two rate cuts this year, with pause possible

Neel Kashkari believes cooling inflation may lead to two rate cuts this year, while emphasizing caution due to potential delayed impacts of tariffs on prices.

China’s central bank pledges to speed up policy response to economic conditions

China's central bank plans to adjust monetary policy due to economic pressures, including domestic demand issues and U.S. tariffs, while aiming to stabilize the yuan and boost credit supply.

Global equity funds see outflows for second straight week

Global equity funds experienced significant outflows as investors took profits, while bond funds saw inflows amidst cautious trading ahead of U.S. economic reports.

Dollar question hovers over top central bankers meeting in Sintra

Global central bankers will discuss the impact of U.S. policies on international monetary stability and the euro's rise, amid inflation control and economic uncertainty.

TSX hits record high as investors assess economic data

Canada's stock index reached a record high, driven by healthcare gains, while mining shares fell due to economic data and a drop in gold prices.

Exclusive-Beijing ties cognac deal to EV tariff talks with Europe

US Senate Republicans face yawning budget hole on Trump bill, eye possible Saturday vote

Republicans face a budget gap in a tax-cut bill, risking Trump's July 4 deadline; healthcare cuts and student aid limitations are among contentious issues in negotiations.

US Supreme Court backs FCC’s defense of fund for expanded telecom access

The Supreme Court upheld the FCC's funding mechanism for expanding internet access, overturning a lower court ruling and affirming the constitutionality of the Universal Service Fund.

US Supreme Court preserves key element of Obamacare preventive care