Jahmai Mashack with the last basket of the period
The annual pace of inflation accelerated to 1.9 per cent in June as consumers were paying more at car dealerships. The June figures mark the final look the Bank of Canada will get at price data before its next interest rate decision on July 30, with many economists expecting its key overnight rate to remain unchanged at 2.7 per cent. (July 15, 2025)
1:17
Now Playing
Paused
Ad Playing
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Not Lockheed Martin Corporation (LMT) But RTX, Say A Lot Of People According To Jim Cramer
We recently published . Lockheed Martin Corporation (NYSE:LMT) is one of the stocks Jim Cramer recently discussed. Lockheed Martin Corporation (NYSE:LMT) is a key American defense contractor when it comes to the aerospace industry. Its fighter aircraft form the backbone of US air superiority. The shares have lost 11.9% year-to-date on the back of a major 10.8% dip in July after its Q2 profit dipped by a whopping 80% on the back of a classified $1.6 billion loss on a classified aeronautics project. Lockheed Martin Corporation (NYSE:LMT)'s Q2 revenue of $18.16 billion also missed analyst estimates of $18.57 billion. No wonder Cramer made the following remarks about the firm: 'RTX, by the way, pushed by a number of people, saying that's the defense stock you want to be in, not Lockheed Martin.' Source: Pexels Previously, Cramer had advised viewers to stay long on Lockheed Martin Corporation (NYSE:LMT): 'I like Lockheed Martin too much to tell you to do that. Every time I see Jim Taiclet, I say to myself, why does anyone want to sell that stock with a 3% yield and a great book of business and a terrific CEO? No, you stay long, Lockheed Martin.' While we acknowledge the potential of LMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 minutes ago
- Yahoo
EU and US agree trade deal, with 15% tariffs for European exports to America
The United States and European Union have reached a trade deal, ending a months-long standoff between two of the world's key economic partners. After make-or-break negotiations between President Donald Trump and European Commission President Ursula Von der Leyen in Scotland, the pair agreed on a blanket US tariff on all EU goods of 15%. That is half the 30% import tax rate Trump had threatened to implement starting on Friday. Trump said the 27-member bloc would open its markets to US exporters with zero per cent tariffs on certain products. Von der Leyen also hailed the deal, saying it would bring stability for both allies, who together account for almost a third of global trade. Trump has threatened tariffs against major US trade partners in a bid to reorder the global economy and trim the American trade deficit. As well as the EU, he has also struck tariff agreements with the UK, Japan, Indonesia and Vietnam, although he has not achieved his goal of "90 deals in 90 days". Sunday's deal was announced after private talks between Trump and Von der Leyen at his Turnberry golf course in South Ayrshire. Trump - who is on a five-day visit to Scotland - said following a brief meeting with the European Commission president: "We have reached a deal. It's a good deal for everybody." "It's going to bring us closer together," he added. Von der Leyen also hailed it as a "huge deal", after "tough negotiations". Under the agreement, Trump said the EU would boost its investment in the US by $600bn (£446bn), purchase hundreds of billions of dollars of American military equipment and spend $750bn on energy. That investment in American liquified natural gas, oil and nuclear fuels would, Von der Leyen said, help reduce European reliance on Russian power sources. "I want to thank President Trump personally for his personal commitment and his leadership to achieve this breakthrough," she said. "He is a tough negotiator, but he is also a dealmaker." The US president also said a 50% tariff he has implemented on steel and aluminium globally would stay in place. Both sides can paint this agreement as something of a victory. For the EU, the tariffs could have been worse: it is not as good as the UK's 10% tariff rate, but is the same as the 15% rate that Japan negotiated. For the US it equates to the expectation of roughly $90bn of tariff revenue into government coffers – based on last year's trade figures, plus there's hundreds of billions of dollars of investment now due to come into the US. How are trade deals actually negotiated? They made America's clothing. Now they are getting punished for it In pictures: President Trump's private visit to Scotland Trade in goods between the EU and US totalled about $975.9bn last year. Last year the US imported about $606bn in goods from the EU and exported around $370bn. That imbalance, or trade deficit, is a sticking point for Trump. He says trade relationships like this mean the US is "losing". If he had followed through on tariffs against Europe, import taxes would have been levied on products from Spanish pharmaceuticals to Italian leather, German electronics and French cheese. The EU had said it was prepared to retaliate with tariffs on US goods including car parts, Boeing planes and beef. British Prime Minister Keir Starmer plans his own meeting with Trump at Turnberry on Monday. Trump will be in Aberdeen on Tuesday, where his family has another golf course and is opening a third next month. The president and his sons plan to help cut the ribbon on the new fairway. Australia to lift import ban on US beef after Trump tariffs tiff
Yahoo
8 minutes ago
- Yahoo
Union Pacific Corporation (UNP): Jim Cramer Reveals How Its Merger Could Succeed
We recently published . Union Pacific Corporation (NYSE:UNP) is one of the stocks Jim Cramer recently discussed. Union Pacific Corporation (NYSE:UNP) is one of the largest railroad companies in America. The stock has been a central part of Cramer's morning show after co-host David Faber became the first to speculate that the railroad industry could experience mergers due to the business environment in the Trump administration. During this appearance, Faber discussed reports about Union Pacific Corporation (NYSE:UNP) and Norfolk Southern in the advanced stages of a business competition. Faber shared that any deal would spur competitors to take similar action. As for Cramer, here's what he said: '[On talks of a merger] 5 year pledge to not raise prices, deal gets done.' Pixabay/Public Domain Cramer previously discussed railroad giant CSX merging with Union Pacific Corporation (NYSE:UNP): 'CSX is going to merge with Union Pacific, am I off the rails? I am in charge of the rails. It's just the way, the people refuse to believe that this is a different government.' While we acknowledge the potential of UNP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
