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

Canada could slap more duties on US steel and aluminum, says Carney

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.
カナダ中銀総裁、米との新協定に期待感関税維持ならインフレ懸念

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
US-Canada deal prospect offers hope but inflation a worry if tariffs remain, says BoC

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.
TSX sheds gains to end almost flat after Fed keeps rates unchanged

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.
Bank of Canada Governing Council Is Concerned Inflation Could Persist for Longer

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.
カナダと英国、貿易深化と防衛協力拡大で合意作業部会立ち上げ

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

６月１５日、カナダと英国は貿易に関する作業部会を立ち上げ、６カ月以内に両首相への提言をまとめることで合意したと共同声明を発表した。写真は同日、オタワで会談するスターマー英首相（左）とカナダのカーニー首相。代表撮影（２０２５年ロイター） [オタワ１５日ロイター] - カナダと英国は１５日、貿易に関する作業部会を立ち上げ、６カ月以内に両首相への提言をまとめることで合意したと共同声明を発表した。スターマー英首相は、カナダのアルバータ州カナナスキスで１５─１７日に開催される主要７カ国首脳会議（Ｇ７サミット）に先立ち、カーニー首相と会談した。カーニー氏は、特に鉄鋼、アルミニウム、自動車といった自国産業が米関税に直面する中、貿易の強化と多様化に向けて同盟国に働きかけている。共同声明によると、貿易関係を深化させるために経済貿易作業部会を新設するとし、市場障壁の解決、デジタル貿易などの取り決め拡大、重要鉱物や人工知能（ＡＩ）のインフラ開発での協力を模索するという。...
Canada, UK agree to establish trade working group, expand defense collaboration

1 week ago | msn.com | Promit Mukherjee

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Canada, UK agree to establish trade working group, expand defense collaboration

1 week ago | japantoday.com | Promit Mukherjee

Canada and the United Kingdom agreed on Sunday to set up a trade working group which will submit its recommendations to the prime ministers of the respective countries within the next six months, a joint statement by the two governments said. British Prime Minister Keir Starmer arrived in Canada for bilateral meetings with Prime Minister Mark Carney before the G7 leaders' summit in Alberta from Sunday to Tuesday.
Canada's April Trade Deficit Widens to Historic High as Tariffs Cripple Exports

3 weeks ago | gurutrade.com | Promit Mukherjee |Dale Smith |Philippa Fletcher |Chizu Nomiyama

April trade deficit at C$7.1 billion as exports drop 10.8% Record deficit driven by plunge in U.S. exports U.S. exports drop 15.7%, third monthly decline in a row Exports to the rest of the world, barring U.S., up 2.9% OTTAWA, June 5 (Reuters) - Canada's trade deficit in April widened to an all-time high of a whopping C$7.1 billion ($5.2 billion), data showed on Thursday, as tariffs imposed by President Donald Trump sucked out demand for Canadian goods from the United States.
UPDATE 1-Bank of Canada holds key rate steady, but says a future cut is possible

3 weeks ago | ca.marketscreener.com | Promit Mukherjee |David Ljunggren

Published on 2025-06-04 at 09:46, updated on 2025-06-04 at 09:49 OTTAWA, June 4 (Reuters) - The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects of U.S. trade policy, but said another cut might be necessary if the economy weakened in the face of tariffs. The decision marks the second time in a row that the central bank has remained on the sidelines after an aggressive cutting cycle which shrunk rates by 225 basis points over nine months.