
-
Kenya's economy faces climate change risks: World Bank
-
Where Trump's tariffs could hurt Americans' wallets
-
Trump tariffs on Mexico: the good, the bad, the unknown
-
With tariff war, Trump also reshapes how US treats allies
-
Penguin memes take flight after Trump tariffs remote island
-
Tom Cruise pays tribute to Val Kilmer
-
'Everyone worried' by Trump tariffs in France's champagne region
-
UK avoids worst US tariffs post-Brexit, but no celebrations
-
Canada imposing 25% tariff on some US auto imports
-
Lesotho, Africa's 'kingdom in the sky' jolted by Trump
-
Trump's trade math baffles economists
-
Macron calls for suspension of investment in US until tariffs clarified
-
Trump tariffs hammer global stocks, dollar and oil
-
Mexico president welcomes being left off Trump's new tariffs list
-
Lesotho hardest hit as new US tariffs rattle Africa
-
Stellantis pausing some Canada, Mexico production over Trump auto tariffs
-
Rising odds asteroid that briefly threatened Earth will hit Moon
-
Is the Switch 2 worth the price? Reviews are mixed
-
Countries eye trade talks as Trump tariff blitz roils markets
-
AI could impact 40 percent of jobs worldwide: UN
-
US trade partners eye talks after Trump tariff blitz
-
Dollar, stocks sink as gold hits high on Trump tariffs
-
Trump tariff blitz sparks retaliation threats, economic fears
-
Lessons and liquids: buried alive in Myanmar's earthquake
-
Nintendo Switch 2 sparks excitement despite high price
-
Sri Lanka's crackdown on dogs for India PM's visit sparks protest
-
China vows 'countermeasures' to sweeping new US tariffs
-
Trump jolts allies, foes and markets with tariff blitz
-
How Trump's 'liberation day' tariffs will impact China
-
Europe hits out at Trump tariffs, keeps door open for talks
-
Australia sweats through hottest 12 months on record: official data
-
South African artist champions hyenas in 'eco-queer' quest
-
Taiwan says US tariffs 'highly unreasonable'
-
Trump escalates trade war with sweeping global tariffs
-
China says opposes new US tariffs, vows 'countermeasures'
-
Quake-hit Myanmar's junta chief to head to Bangkok summit
-
New Spielberg, Nolan films teased at CinemaCon
-
Shiny and deadly, unexploded munitions a threat to Gaza children
-
Stocks tank, havens rally as Trump tariffs fan trade war
-
Financial markets tumble after Trump tariff announcement
-
Europe riled, but plans cool-headed response to Trump's tariffs
-
'Shenmue' voted most influential video game ever in UK poll
-
Revealed: Why monkeys are better at yodelling than humans
-
Key details on Trump's market-shaking tariffs
-
US business groups voice dismay at Trump's new tariffs
-
Trump sparks trade war with sweeping global tariffs
-
US stocks end up, but volatility ahead after latest Trump tariffs
-
Boeing chief reports progress to Senate panel after 'serious missteps'
-
Is Musk's political career descending to Earth?
-
On Mexico-US border, Trump's 'Liberation Day' brings fears for future

Canada economy accelerates, posts 3.3% growth in Q2
Canada's economy accelerated in the second quarter of 2022, benefitting from higher commodity prices after emerging from pandemic lockdowns to post annualized growth of 3.3 percent, the government statistical agency said Wednesday.
This fourth quarterly increase in gross domestic product (GDP), however, was lower than analysts expected. A dip in July also signalled a slowdown with interest rate hikes aimed at taming inflation becoming a drag on the housing sector.
Quarter to quarter, the economy grew 0.8 percent.
"Canadian growth numbers were nothing to sneeze at, but the latest data were still underwhelming relative to lofty expectations," commented Desjardins analyst Royce Mendes in a research note.
It may, however, be enough to slow the pace of Bank of Canada interest rate hikes, he said, forecasting a 50 basis point hike when its governors meet next week.
July data, he noted, points to the upcoming third quarter "beginning on soft footing, which reinforces our view that the economy is set to cool even more as the lagged effects of prior rate hikes become more pronounced."
According to Statistics Canada, business investment and household spending was up in the second quarter.
Spending on garments and footwear notably jumped largely due to a return to offices and a pick up in travel, which also meant larger outlays on airfare and hotel accommodations.
Canadians also spent more on aircraft, trucks, buses, and other motor vehicles.
Housing prices and real estate transactions, meanwhile, dipped from record highs.
The quarter saw the largest increase on record in agricultural inventories, notably wheat and canola, with crop production forecast to increase this year due to better weather conditions.
A new liquified natural gas terminal under construction in westernmost British Columbia and higher investment in the Alberta oil sands helped push up business investment.
But higher imports -- led by travel services and passenger cars and trucks, particularly electric and hybrid models that reflect increased gas prices -- outpaced an uptick in exports, which was fuelled in part by strong demand for aluminum from the United States.
L.Peeters--CPN