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Latest Stories for GBP/CAD
From tippinsights.com | 27 min ago
The Canadian government has announced a one-year extension of key trade measures affecting steel and aluminum imports, keeping both tariff protections and tariff relief programs in place through June 2027. According to the announcement, Canada will continue operating its tariff remission program, which reimburses eligible companies for certain tariffs ...
The Trump administration made what could be the first in a steady drumbeat of tariff news, announcing plans for a 10% tariff on top allies like the European Union and Canada and a 12.5% rate on other nations, including China. The release from Trumps trade representative on Tuesday evening said that 59 countries and the 27 member states of the EU had failed ...
As Kevin Warsh takes over as chair of the Federal Reserve, investors and financial media outlets are looking closely for any hints at how his appointment will impact monetary policy. One series of comments Warsh made while testifying to Congress back in April as a nominee has been getting more attention in recent weeks, following some high inflation ...
From zerohedge.com | 14 hr ago
The U.S. Trade Representative has issued an overnight statement and proposed a new round of tariffs of at least 10% on imports from 60 trading partners, marking the administration's largest attempt yet to rebuild its tariff empire after the Supreme Court struck down earlier levies. The new duties stem from Section 301 of the Trade Act of 1974, which ...
Latest survey data indicated a setback for the UK service sector as output levels fell for the first time in just over a year. This mostly reflected a sustained reduction in new work. Weaker demand was attributed to elevated risk aversion among clients and pressure on budgets from sharply rising inflation. The headline seasonally adjusted S&P Global UK ...
The Trump administration is proposing that tariffs of 10% or more be imposed on products from dozens of major trading partners following a probe into imports of goods allegedly made with forced labor. The report released early Wednesday by the U.S. Trade Representative said Canada, Mexico, Taiwan and the United Kingdom and some other countries would face ...
Fed's Chair Warsh names two conservative policy veterans as interim advisers, Paul Winfree and Daniel Heil, who are to work as temporary contractors to support policy analysis and planning - WSJ citing Source. New: Kevin Warsh has tapped two outside associates as advisersin as temporary contractors for now. Both are budget policy specialists, and one wrote the Fed chapter of Project 2025, which endorsed a radical restructuring of the central bank.
BoE Gov. Bailey: Policymakers facing growth/inflation trade-off BAILEY: INFLATION OVERSHOOT ENTIRELY DUE TO GULF EVENTS BoE Gov. Bailey: Outlook is for slower growth, not recession. Just in | BoE Governor Bailey: Future Events Remain Highly Unpredictable.
From cbc.ca | Jun 1, 2026
More than 2,900 Chinese-made electric passenger vehicles arrived in Canada during the month of May. Data from Global Affairs Canada indicates that May was the first month of EV imports from China after Prime Minister Mark Carney agreed to let in tens of thousands of the vehicles under a reduced tariff rate during a trip to the country in January. It states ...
From economics.bmo.com | Jun 1, 2026
With North America hosting the largest-ever FIFA World Cup football (or soccer) tournament this summer, all three countries will naturally be rooting for the home team. But they are also hoping to capitalize on increased tourism, while containing costs related to security and infrastructure. Will their economies be triumphant? The 2026 edition of the ...
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