S&P Global

4 weeks ago | spglobal.com

The Canadian economy was improving before the escalation in U.S.-Canada trade tensions. Economic activity and labor market seemed to be getting better in the second half of last year and January 2025 to raise likelihood of the Bank of Canada to pause its rate-cutting cycle. Real GDP grew at 2.6% annualized during the fourth quarter, following a 2.2% growth in the third. Full-year GDP growth was 1.5%, not different than in 2023 but with an encouraging quarterly profile--one of increasing growth momentum (opposite of 2023). Households led the way with the growth surprise. Business outlays also showed improvement, together with the unemployment rate stabilizing and then dropping to 6.6% in February from its 6.9% peak in November. February employment gains

4 weeks ago | spglobal.com

The sequencing of policies from President Donald Trump's administration could mean slowing growth for the U.S. economy before any potential positives from promised deregulations and tax cuts. The front-loading of regressive policies--higher tariffs and federal workforce layoffs--are disrupting growth earlier than we previously projected. As a result, S&P Global Ratings forecasts real GDP growth will cool to 1.9% in 2025 and 2026, down from 2.9% in 2023 and 2.8% in 2024, and average roughly 2.0% per year thereafter. At first glance, our growth forecast of 1.9% for 2025 on an annual average basis suggests little change in conditions from our November update. However, on a fourth-quarter over fourth-quarter basis, we have shaved real GDP growth by approximately 40 basis points

4 weeks ago | spglobal.com

Combined with the immediate retaliatory actions of Canada and Mexico, the 25% tariffs' impact on the trucking industry could be significant.

1 month ago | spglobal.com | Nick Lazzaro

A stock market trader watches monitors on the trading floor of the Frankfurt Stock Exchange in Germany on March 20, 2025. Amid macroeconomic uncertainty and a recent stock market correction in the US, investors may look to shift capital away from US large-cap stocks and toward other assets such as international equities, with German stocks representing one attractive opportunity.

1 month ago | spglobal.com | Nick Lazzaro

Traders work on the floor of the New York Stock Exchange during morning trading March 14, 2025, opening on an upward swing after days of volatility and stock market losses. Corporate bond spreads have risen over the last month amid the uncertain market backdrop, but their upward movement is likely to be limited. Source: Michael M. Santiago/Getty Images News via Getty Images.