In 2024, bankruptcies in Canada jumped 12.1 percent from their 2023 number to reach their highest in 15 years, data from the Office of the Superintendent of Bankruptcy shows.
Tag: Global Economy
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TRUMP LEAVES TRADE LOOPHOLE OPEN FOR CHINA
U.S. president Donald Trump has left open, for now, a loophole in trade policy that allows small shipments from China to enter the country without paying a tariff or being inspected by customs agents.
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TRUMP WILL ATTACH 25-PERCENT TARIFF TO ALL IMPORTED STEEL, ALUMINUM
Donald Trump will place a 25-percent tariff on all steel and aluminum imported into the U.S., he announced on 9 February, including those from Canada and Mexico, both major suppliers of the metals.
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OTHER COUNTRIES MAKING TRADE DEALS WITHOUT THE U.S.
A growing number of countries are making trade deals among themselves as the U.S. withdraws behind a wall of tariffs, The New York Times reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Nearly 65,000 federal workers have accepted President Trump’s buyout offer, which will become the largest job reduction in U.S. history if approved.
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CENTRAL BANKS ARE STILL BUYING MORE GOLD, DRIVING UP PRICES
Central banks bought more than 1,000 metric tons of gold last year, accounting for about 20 percent of the market. It was the third consecutive year in which the banks bought gold in such large amounts.
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CHINA’S MAJOR CORPORATIONS BLEEDING CASH
Close to 25 percent of businesses listed on China’s stock exchanges reported a third-quarter net loss, the most recent period for which data has been reported.
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TOP TREND 2025, DRAGFLATION: EUROZONE ECONOMY FLATLINED IN FOURTH QUARTER
The Eurozone’s economy stagnated in 2024’s final three months as GDPs in France, Germany, and Ireland contracted.
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SPOTLIGHT, TOP TREND 2025: THE TRUMP CARD
Trump Media and Technology Group, in which Donald Trump is the majority shareholder, is launching Truth.Fi, an investment venture that plans to buy Bitcoin and other digital assets as well as conventional financial instruments, the company has announced.
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