Randy Thanthong Knight
Reporter at Bloomberg News
Canada economics & government reporter @business | also cover immigration | @columbiajourn and @FulbrightPrgrm alum | [email protected]
Articles
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4 days ago |
virginislandsdailynews.com | Randy Thanthong Knight
Canada has opened the door to increasing its tariffs on U.S. steel and aluminum next month if trade talks with the Trump administration stall. The government “will adjust its existing counter-tariffs on steel and aluminium products on July 21, to levels consistent with progress that has been made in the broader trading arrangement with the United States,” according to a statement Thursday.
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1 week ago |
crainscleveland.com | Randy Thanthong Knight |Brian Platt
Canada has opened the door to increasing its tariffs on U.S. steel and aluminum next month if trade talks with the Trump administration stall. The government “will adjust its existing counter-tariffs on steel and aluminum products on July 21, to levels consistent with progress that has been made in the broader trading arrangement with the United States,” according to a statement Thursday.
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1 week ago |
news.bloombergtax.com | Randy Thanthong Knight
The strain on Canadian consumers became more evident last month after a rush to buy cars ahead of price increases from tariffs appeared to come to an end. An advance estimate suggests receipts for retailers plunged 1.1% in May, the biggest decline in a year, Statistics Canada said Friday. That more than reversed April’s 0.3% gain, which was slightly lower the median projection in a Bloomberg survey of economists.
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1 week ago |
torontosun.com | Randy Thanthong Knight
With cars and parts making up a quarter of Canadian retail sales, the stark difference in sales between those two months suggests volatility in auto purchases played a role in the weakness in the middle of the second quarter. Most of the April gains were also driven by cars. Excluding autos, sales fell 0.3% that month, a bigger decrease than economists had expected, and a second straight monthly drop. Car sales also played a key roles in retail receipts across the country.
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1 week ago |
bloomberg.com | Randy Thanthong Knight
An auto dealership in Edmonton, Alberta, Canada, in March. (Bloomberg) -- The strain on Canadian consumers became more evident last month after a rush to buy cars ahead of price increases from tariffs appeared to come to an end. An advance estimate suggests receipts for retailers plunged 1.1% in May, the biggest decline in a year, Statistics Canada said Friday. That more than reversed April’s 0.3% gain, which was slightly lower the median projection in a Bloomberg survey of economists.
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Economists are abandoning their calls for monetary-policy easing in Canada next week as traders price in only a small chance of an interest-rate cut and the nation’s output beat all estimates. https://t.co/5f7AsjI2t8
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