Economic News
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Tariff threats cast a shadow over US reliance on Canada for the majority of its oil imports
The U.S. increasingly relies on Canadian crude oil to meet domestic demand and that relationship faces potential strain amid tariff threats
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U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate
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US applications for unemployment benefits come back down after last week's big rise
The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before
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Bank of England warns of 'heightened uncertainty' as it keeps interest rates on hold
The U.K.’s central bank has warned about “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target even at a time when the British economy is flatlining at best
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Bank of England keeps main U.K. interest rate on hold at 4.75% after inflation spike
Bank of England keeps main U.K. interest rate on hold at 4.75% after inflation spike
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The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses
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Macao's casino boom brings wealth but at a cost, 25 years since China's takeover
Macao has grown from a monopoly-driven gambling enclave into the world's biggest gaming hub, packed with Chinese tourists, since Beijing took control of the former Portuguese colony 25 years ago
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US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought
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Brazil's currency drops to weakest level yet as Lula's fiscal measures debated
Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending
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Alberta's premier responds to Trump's trolling by saying Canada's oil helps make America wealthy
Alberta’s premier responded to President-elect Donald Trump’s trolling of Canada by saying the trade deficit with the country is due to billions of raw materials being sent south which creates trillions of wealth in America
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