Bank of Canada Keeps Rates Steady for Fourth Time as Inflation Climbs
The Bank of Canada now expects housing to shave 0.1 percentage point from 2026 GDP growth after earlier forecasting a 0.2-point boost.
2 min read
Economy
Macro indicators, policy shifts, and economic forces shaping growth and inflation.
Consumer Confidence Climbs in April as Gasoline Costs Weigh on Households
Consumer confidence rose to 92.8 in April, while the Conference Board’s labor-market differential improved to 7.5% from 6.1% in March.
1 min read
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Economy Watch
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China trims fiscal spending amid revenue rebound
China trimmed fiscal spending in March as revenue rebounded and first-quarter growth beat expectations, giving Beijing more room to hold back on new stimulus.
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Beijing keeps bond quota steady amid stronger 2026 growth
China cut fiscal spending in March as stronger growth reduced pressure for new stimulus beyond the current budget.
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Strong shekel squeezes Israeli exporters after dollar falls below NIS 3
One exporter said the stronger shekel and a new 15% U.S. tariff have added 35% to product prices.
1 min read
Israel's strong shekel squeezes exporters
The dollar touched 2.98 shekels, a 30-year low, and one exporter said tariffs and the stronger shekel added 35% to its product price.
1 min read
Strong shekel pinches Israel exporters and nonprofits
A. Grebelsky & Son says a 75% U.S. sales mix and a new 15% tariff are driving a 35% price jump as the shekel strengthens.
1 min read
Michigan survey shows record-low U.S. sentiment after gas shock
U.S. consumer sentiment fell to a record low in April as gasoline prices surged after the Iran war, with the University of Michigan index at 49.8.
1 min read
US consumer sentiment hits record low as Iran war lifts inflation expectations
US consumer sentiment fell to a record low in April as war in Iran and higher gas prices pushed year-ahead inflation expectations to 4.7%.
1 min read
Venezuela recovery: official optimism meets weak purchasing power
Venezuelans still buy little on credit as officials tout growth and oil output, while shuttered stores and protests show the recovery remains narrow.
1 min read