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Promit Mukherjee

Ottawa

Correspondent at Reuters

A Reuters journalist and a storyteller. Chronicled India and South Africa for more than a decade. Now covering Canadian Economics in Canada. Views personal

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Articles

  • 1 week ago | marketscreener.com | Promit Mukherjee

    Published on 06/19/2025 at 13:48, updated on 06/19/2025 at 15:59OTTAWA (Reuters) -Canada could increase counter-tariffs on U.S.-produced steel and aluminum if it does not reach a broader trade deal with President Donald Trump within 30 days, Prime Minister Mark Carney said on Thursday. Trump increased import duties on steel and aluminum to 50% from 25% earlier this month, prompting industry calls for an official response.

  • 1 week ago | jp.reuters.com | Promit Mukherjee

    カナダ銀行(中央銀行)のマックレム総裁は18日、カナダと米国の新たな貿易協定の見通しは関税撤廃への期待を与えると述べた。5月撮影(2025年 ロイター/Blair Gable)[オタワ 18日 ロイター] - カナダ銀行(中央銀行)のマックレム総裁は18日、カナダと米国の新たな貿易協定の見通しは関税撤廃への期待を与えると述べた。一方、関税が維持されればインフレが上昇する可能性があると警告した。マックレム氏はこれを受けて「両国間の自由貿易の回復はカナダの雇用と成長にとって極めて重要だ」と述べ、「非常に歓迎すべきニュースだ」とした。一方、「関税が撤廃されなければ、消費者物価に転嫁される」との警戒感も示した。過去の経験から、関税コストの約75%が約18カ月で転嫁される見通しという。カナダの総輸出量の4分の3が米国市場向けであることを考えれば、両国間のいかなる合意においても関税を撤廃することが重要だと述べた。私たちの行動規範:トムソン・ロイター「信頼の原則」, opens new tab

  • 1 week ago | aol.com | Promit Mukherjee

    By Promit MukherjeeOTTAWA, June 18 (Reuters) - The Bank of Canada Governor Tiff Macklem said on Wednesday that the prospect of a new Canada-U.S. trade deal offers hope that tariffs will be removed, but cautioned that inflation could rise if tariffs stayed in place.

  • 1 week ago | marketscreener.com | Twesha Dikshit |Promit Mukherjee

    Published on 06/18/2025 at 07:11, updated on 06/18/2025 at 17:25OTTAWA (Reuters) - Canada's main stock index shed most of its gains to end almost flat on Wednesday after the U.S. Federal Reserve kept its policy rate unchanged and projected two rate cuts later this year but slowed the pace of future reductions. The S&P/TSX composite index rose 0.07% to 26,559.85 points, driven by a rise in information technology, real estate, industrial and healthcare shares.

  • 1 week ago | money.usnews.com | Promit Mukherjee

    By Promit MukherjeeOTTAWA, June 17 (Reuters) - Members of the Bank of Canada governing council were concerned that underlying inflationary pressures led by trade disruption and uncertainty could persist for a long time, minutes of the meeting showed on Tuesday. The central bank held its key benchmark rate at 2.75% on June 4, citing the need to monitor the impact of U.S. tariffs on Canada and on rest of the world and how businesses and consumers adapted to it.

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promit07
promit07 @promit07
6 Jun 25

Canada's May unemployment rate at multi-year high #Unemployment #canada #TrumpTariffs #cdnecon https://t.co/uZFlwsyW6N

promit07
promit07 @promit07
6 Jun 25

India's Modi says he has received invitation for G7 summit in Canada #G7Summit #MiodiinCanada #Canada https://t.co/NDeDasnBOI

promit07
promit07 @promit07
5 Jun 25

Bank of Canada: some firms see less chance of a worst-case tariffs scenario @bankofcanada #Trump #tariffs #cdnecon https://t.co/sdZHgFkTAC