Cost of Living5:08Trade you a breadmaker for banana bread? When Samantha Fanning was expecting her second child, the room that would become the baby’s nursery needed a major glow-up. But as a professional photographer and at the time a single mother, Fanning didn’t have room in her schedule — or the painting skills required — to transform … Read more
Talk to enough Wall Street executives and you come away with something very unsettling: No one knows what’s going to happen with markets and, by extension, the economy — and it’s scary. I know what you’re saying, these guys never really know what’s going on or they would have seen the 2007-08 financial crisis months … Read more
Canada’s economy grew 0.3 per cent in April, helped by strength in several industries, including wholesale trade, oil and gas extraction and manufacturing, Statistics Canada said. The data matched expectations as analysts polled by Reuters had forecast 0.3 per cent GDP growth in the month, after zero growth in March. Statistics Canada says the growth in April came as … Read more
Bajaj Auto looks to sustain momentum in its domestic business and expand production capacity for new businesses as it expects demand to remain robust in the current fiscal, according to its Chairman Niraj Bajaj. Addressing shareholders in the company’s Annual Report for 2023-24, he noted that the company would also aim for recovery in export … Read more
For months, the Bank of Canada has been trying to thread a needle: slow the economy just enough to get inflation back under control but not so much that it causes a recession. In a report released this week, the central bank offered up plenty of evidence that its strategy is working. Inflation has eased, economic growth has … Read more
The Bank of Canada has lowered its key interest rate to 4.75 per cent, marking the bank’s first rate cut since March 2020. Bank governor Tiff Macklem said in opening remarks that the bank’s monetary policy no longer needs to be as restrictive. “We’ve come a long way in the fight against inflation. And our confidence that inflation will continue … Read more
Though India’s Q4 GDP growth is the lowest in the past 4 quarters, they have still surpassed all analysts’ expectations by touching 7.8 per cent. Analysts had expected a slower GDP growth of 5.9 per cent-6.7 per cent for Q4 FY24. For full 2023-24, India’s GDP growth rate stood at 8.2 per cent as against … Read more
New Delhi: The widespread availability of spectrum for 5G is likely to contribute about $27 billion to India’s gross domestic product (GDP) by 2030, a GSMA report said on Tuesday. The organisation, which represents mobile networks worldwide, said the upper 6 GHz band must also be part of the spectrum roadmap of the country. According … Read more
New Delhi: Finance Minister Nirmala Sitharman said on Monday that India has fared relatively well compared with other countries as far as the government debt to GDP ratio is concerned and the country is the third least indebted nation among low- and middle-income countries (LMIC). India had a debt-to-GDP ratio of 81 per cent in … Read more
The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target. Indeed, Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials … Read more
