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December 2024 Monthly
The trends were already entrenched before the US election and continued through most of last month. The trend toward higher rates and higher equities stalled, while the dollar remained strong. Investors and business continue to wrestle with the implications of the Republican sweep in the US elections. There are two broad issues that are the source of uncertainty. The first is the broad tariff Trump has advocated on the campaign trail: 60% on China and 10-20% on rest of the world. Several people who will have senior economic posts in the new administration downplayed a literal interpretation. Still a global tariff ... (full story)
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From bnnbloomberg.ca|Nov 30, 2024Chancellor Olaf Scholz proposed setting up an investment fund worth at least €100 billion ($106 billion) to help pay for the modernization of German infrastructure. In a speech ...
From money.usnews.com|Nov 30, 2024|1 commentThe current weakness in German industry is sapping demand in Switzerland's manufacturing sector, Swiss National Bank Chairman Martin Schlegel said on Saturday. "When Germany has a ...
From thehill.com|Nov 30, 2024|4 commentsPresident-elect Trump’s pledge to impose tariffs on Mexico and Canada threatens to upend decades of North American integration, a bumpy process that’s recast the two U.S. ...
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From bnnbloomberg.ca|Nov 30, 2024|16 commentsUS President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using ...
From oilprice.com|Nov 30, 2024Argentina’s Vaca Muerta shale play reached a new oil production record of 400,000 barrels per day (bpd) in the third quarter and is on track to hit 1 million bpd by 2030, ...
From bnnbloomberg.ca|Dec 1, 2024|1 commentUS hiring probably jumped in November after hurricanes and a major strike undercut job growth a month earlier, consistent with a labor market that’s healthy yet gradually cooling. ...