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Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate

Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate

The U.S. economy shrank at a 0.2 per cent annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate.

May 29, 2025 at 10:26AM EDT

Are solar panels worth the investment? Yes — usually — but it depends where you live

Are solar panels worth the investment? Yes — usually — but it depends where you live

Solar panels have never been cheaper, and the lower upfront cost means homeowners can recoup their investment more quickly, with savings on electricity bills.

May 29, 2025 at 10:19AM EDT

Nvidia leads Wall Street higher after a US court blocks many of Trump’s tariffs

Nvidia leads Wall Street higher after a US court blocks many of Trump’s tariffs

Stocks are rising on Thursday after a U.S. court blocked many of President Donald Trump’s sweeping tariffs, though the gains got less strong as trading progressed from Asia to New York.

May 29, 2025 at 10:16AM EDT

The Daily Chase: Markets boosted by ruling on Trump tariffs

The Daily Chase: Markets boosted by ruling on Trump tariffs

Here are five things you need to know this morning.

May 29, 2025 at 9:19AM EDT

CEO pay rose nearly 10% in 2024 as stock prices and profits soared

CEO pay rose nearly 10% in 2024 as stock prices and profits soared

The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 10 per cent in 2024 as the stock market enjoyed another banner year and corporate profits rose sharply.

May 29, 2025 at 9:16AM EDT

More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs

More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs

Filings for U.S. jobless aid jumped last week but American workers broadly remain secure in their jobs despite economic uncertainty over global trade.

May 29, 2025 at 9:03AM EDT

Fast-fashion brand Shein increasing safety after EU warning

Fast-fashion brand Shein increasing safety after EU warning

Fast-fashion retailer Shein on Thursday said it would increase its testing of products this year, after the European Union warned of fines if it does not address the bloc’s concerns about unsafe and dangerous products sold on its site.

May 29, 2025 at 8:52AM EDT

$14 billion in clean energy projects have been cancelled in the U.S. this year, analysis says

$14 billion in clean energy projects have been cancelled in the U.S. this year, analysis says

More than $14 billion in clean energy investments in the U.S. have been cancelled or delayed this year, according to an analysis released Thursday, as President Donald Trump’s pending megabill has raised fears over the future of domestic battery, electric vehicle and solar and wind energy development.

May 29, 2025 at 8:51AM EDT

BRP says Q1 profit up as company reveals CEO José Boisjoli to retire soon

BRP says Q1 profit up as company reveals CEO José Boisjoli to retire soon

BRP Inc. says its latest quarter delivered a soaring profit but revenue ticked lower over the same period.

May 29, 2025 at 8:27AM EDT

RBC’s profit jumps on HSBC deal, wealth management boost

RBC’s profit jumps on HSBC deal, wealth management boost

Royal Bank of Canada reported a jump in second-quarter profit on Thursday, as the country’s biggest bank benefited from the acquisition of HSBC’s domestic business and strength in its wealth management business.

May 29, 2025 at 6:24AM EDT

Provincial governments bottlenecking homebuilding, ‘report card’ says

Provincial governments bottlenecking homebuilding, ‘report card’ says

While the federal government and cities across Canada are making strides on expanding the housing supply, the provinces still need to get serious about building quality homes, a new report released Thursday argues.

May 29, 2025 at 6:03AM EDT

CIBC profit rises on capital markets strength

CIBC profit rises on capital markets strength

Canadian Imperial Bank of Commerce reported a rise in second-quarter profit on Thursday, led by its capital markets business.

May 29, 2025 at 5:59AM EDT

Slovakia’s central bank chief convicted of bribery and fined $225,000

Slovakia’s central bank chief convicted of bribery and fined $225,000

Slovakia’s central bank chief, who is a member of the European Central Bank committee that decides monetary policy for 20 countries, was convicted of bribery and fined 200,000 euros on Thursday.

May 29, 2025 at 5:47AM EDT

South Korea’s central bank cuts borrowing costs to nurse the sluggish economy

South Korea’s central bank cuts borrowing costs to nurse the sluggish economy

South Korea’s central bank cut its key interest rate and sharply lowered its growth outlook for the country’s economy in 2025, as it moved Thursday to counter U.S. President Donald Trump’s tariff hikes and weak domestic demand worsened by recent political turmoil.

May 29, 2025 at 5:28AM EDT

Canada Post puts forward ‘final offers’ to union, posts $1.3B loss for 2024

Canada Post puts forward ‘final offers’ to union, posts $1.3B loss for 2024

Canada Post said it notched nearly $1.3 billion in operating losses last year as the beleaguered institution laid out its “final offers” to the union representing 55,000 workers after negotiations resumed on Wednesday. 

May 28, 2025 at 5:42PM EDT

Türkiye will fine airline passengers who unbuckle before the plane stops

Türkiye will fine airline passengers who unbuckle before the plane stops

Passengers on flights to Türkiye who unbuckle their seat belts, enter an aisle or open overhead compartments before their plane has stopped taxiing upon arrival are eligible for fines under new regulations issued by the country’s civil aviation authority.

May 28, 2025 at 5:35PM EDT

RBC iShares – Invest for what’s next

How to find compelling fixed-income opportunities in today’s market

Watch now
RBC iShares – Invest for what’s next

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