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Italy quarantines north in bid to slow spread of coronavirus
Italy is attempting to lock down 16 million people — more than a quarter of its population — for nearly a month to contain the spread of coronavirus. Italians living in the quarantine zones, which include Milan and Venice, will need...
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Ottawa preparing for economic fallout of coronavirus outbreak
The federal government says it is preparing to handle the economic fallout from the coronavirus outbreak.
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Medical professional suggests fear of the coronavirus more dangerous than the disease itself
Ontario's former chief medical officer says a recession caused by the coronavirus could kill more people than the disease.
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Cambodia braces for economic cost of coronavirus
In Cambodia, where the economy is dependent on China, the government is warning of job losses.
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June global markets roundup
Let's look at WION's Global Markets and Economic Health Check to see what happened during June. The usually quiet month for risk assets was quite the opposite.
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Throne speech shows Canada 'not recession-ready' for workers, economist says
Economist and Atkinson fellow Armine Yalnizyan says employment insurance wasn't mentioned in Tuesday's throne speech. Yalnizyan says it shows Canada isn't prepared to support workers if a recession hits.
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Jamie Dimon Continues to Warn of Recession
JPMorgan chase CEO Jamie Dimon is continuing to warn of a potential U.S. Recession, citing persistent inflation, high interest rates, and geopolitical tensions.
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Goldman Sach says 35% chance of a recession in the next year
Goldman Sachs told clients Monday that it estimates there is a 35% chance of a recession in the next 12 months.
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Goldman Sachs says 35% chance of a recession in the next year
Goldman Sachs told clients Monday that it estimates there is a 35% chance of a recession in the next 12 months.
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What is a recession? Here’s an economics crash course
What is GDP? What is a fiscal quarter? How long is this going to last? Canada’s economic future is uncertain and you may have questions. We’ve got answers.
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A Look Inside How Small Businesses Are Facing Tariffs
Small business reporter, Gene Marks, joins Cheddar to give analysis on how small businesses are tackling incoming tariffs and how it will affect the consumer.
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Is Canada headed for a recession? Some economists say it’s already here
The Bank of Canada is warning the country could be headed for a recession if U.S. President Donald Trump's trade war is long lasting. CBC’s Farah Nasser breaks down the signs of a recession and why some economists say one is already here.
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China refuses to step back, says Trump's 125% tariffs 'against whole world'
Global stock markets are in free fall as the US-China trade war intensifies. Oil prices have hit a 4-year low and commodities are tumbling after President Trump's new tariff threats. Here's a breakdown of the Trump effect and 5 key...
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Trade war: Trump pauses tariffs for 90 days in all countries except China
5 Key Takeaways From The New Tariff Move: - US Stocks Soar 10% Amid Tariff Reversal - Goldman Sachs Rescinds Recession Forecast - China's Deflationary Pressures Persist - China & Russia Settle Energy Trades In Bitcoin - Oil Prices...
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China reacts to Trump’s 125% tariffs, says it doesn’t fear more US levies
President Donald Trump has paused tariff hikes on all major US trading partners—except China. While global tariffs are on hold for 90 days, China now faces a steep 125% levy. In response, Beijing has imposed retaliatory tariffs of 84% on...
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Stock markets still reeling after U.S. president threatens to raise tariffs further on China
The S&P 500 index continued to slump in the wake of President Trump's tariff plan. Effects from the trade war are being felt right across the globe. As Sohrab Sandhu reports, local investment advisers in B.C. are trying to calm nervous...
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Billionaire Trump ally warns tariffs could trigger ‘economic nuclear winter’
Investors around the world are raising alarm bells after a third day of tariff-related market chaos, with one billionaire Trump ally even warning that not pulling back on tariffs could unleash a ‘self-induced, economic nuclear winter.’
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Oil prices recover from 4-year low
Oil prices recovered on Tuesday, but took a hit on Monday along with broader global markets. On Monday crude prices dropped 3 percent to their lowest in four years, as trade tensions between the US and China spark recession fears. Copper...
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Global retaliation raises US recession odds
Will Trump budge on tariffs? According to the betting app Polymarket, the chances are pretty bleak, unless it's Israel. The platform also sees a 65 percent chance of a US Recession in 2025. This marks a sharp increase from just 38...
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Traders increase fed rate cut bets to five
The stampede in global markets gathered momentum Monday, and investors piled into safe-haven assets as the fallout from US President Donald Trump's tariffs deepened. The carnage in financial markets has analysts betting on five Federal...
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Markets flash eerie echoes of 1987's 'black monday' crash
Markets flash eerie echoes of 1987's 'black monday' crash. The mayhem is already signalling another 'black monday. ' The carnage in financial markets unleashed by President Trump's tariffs is continuing unabated as equities get pummeled....
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Polymarket shows growing pessimism on quick tariff reversal
Will Trump budge on the tariffs? According to betting app Poly Market, the chances are pretty bleak unless it's Israel. The platform also sees a 65% chance of a US recession in 2025. And this marks a sharp increase from just 38% last...
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U.S., global markets plunge for 3rd day as a result of Trump tariffs
Stock markets in Asia, Europe and North America tumbled in succession as they opened Monday morning, as worries deepen about whether U.S. President Donald Trump's trade war will torpedo the global economy.
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Trump, Netanyahu to meet at White House as Israel seeks tariff relief
Israeli Prime Minister Benjamin Netanyahu is set to meet U.S. President Donald Trump in Washington to discuss recently imposed tariffs on Israeli exports. The meeting will also address regional issues, including tensions with Iran and...