War Financial News

United States President Donald Trump’s tariffs have sparked fears of a recession in Canada, but this country’s largest bank is confident it can overcome any near-term hurdles and continue to post healthy growth during the next few years.

Gold prices surged to a record high on Friday, as investors flocked to the safe-haven asset amid fears of a global trade war triggered by U.S. President Donald Trump's latest tariffs. Spot gold climbed 0.9% to $3,082.39 an ounce as of 11:38 a.m. ET (1538 GMT) after hitting its eighteenth record high this year at $3,086.70 earlier in the session. Bullion is up 2% this week and is on track for a fourth straight weekly gain.

capital on Friday amid rise in precious metal rates in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had finished at Rs 91,050 per 10 grams on Thursday. In FY25, gold prices have increased by Rs 23,730 or 35 per cent from Rs 68,420 per 10 grams on April 1 last year.

Liberal Leader Mark Carney is set to have his first phone conversation with United States President Donald Trump in the coming days, and Trump’s commerce secretary said Canada may get some reprieve from automobile tariffs.

Former Bank of Canada governor Stephen Poloz says we are “seriously outgunned” by the Americans in a trade war, arguing Canada will still need the United States down the road.

Canadian energy executives are pretty much all in on building a west-to-east pipeline, suggests a new survey.

Ontario Teachers’ Pension Plan Board chief executive Jo Taylor and his investing team usually rely on a lot of real-world data when determining where to allocate billions of dollars of investment money on behalf of retirees. But United States President Donald Trump’s flurry of edicts that threaten to upend global trade and geopolitical alliances makes it hard to know what data points they should even be looking at.

Putin's comments, during a visit to the northern port of Murmansk, come amid U.S. attempts to forge a settlement to the conflict by re-establishing links with Russia and engaging with both Moscow and Kyiv, in separate talks. The Kremlin leader has been accused by Ukraine and European leaders of trying to prolong ceasefire talks without any serious intent of stopping fighting. Russia's invasion of Ukraine in February 2022 has left hundreds of thousands of dead and injured, displaced millions of people, reduced towns to rubble and triggered the sharpest confrontation for decades between Moscow and the West. Putin's suggestion of a temporary administration appeared to address his long-held complaint that Ukraine's authorities are not a legitimate negotiating partner as President Volodymyr Zelenskiy has stayed in power beyond the May 2024 end of his mandate.

Canada and the United States «is over,» Prime Minister Mark Carney said Thursday, after President Donald Trump announced steep auto tariffs. Trump's planned 25 percent levy on vehicle imports to the United States is to come into force next week and could be devastating for a Canadian auto industry that supports an estimated 500,000 jobs. After Trump's announcement, Carney paused his campaign ahead of Canada's April 28 election to return to Ottawa for a meeting of cabinet members working on tactics in the trade war with the United States. He called Trump's auto tariffs «unjustified,» and said they were in breach of existing trade deals between the countries. He also warned Canadians that Trump had permanently altered relations with the United States and that, regardless of any future trade deals, there would be «no turning back.»

Gold prices scaled a record peak on Friday as concerns over U.S. President Donald Trump's fresh tariff plans ignited fears of a global trade war, driving a rush towards the safe-haven allure of the precious metal.

Trump escalated the global trade wars with his plans to slap aggressive tariffs on auto imports from next week. There was no uniform flight to safety, however, even though gold leaped to a new high, as mounting inflation concerns pushed up Treasury bond yields. My column below shines a light on the rather surprising resilience shown by currencies of the countries that will be hit hardest by Trump's auto tariffs.

Trump administration, the DC Circuit Court of Appeals on Wednesday temporarily halted the deportation of suspected Venezuelan gang members under the infrequently used Alien Enemies Act (AEA), reported Wusa9. The 18th-century law had been invoked by US president Donald Trump earlier this month to immediately deport a group of Venezuelan men suspected of being affiliated with the Tren de Aragua gang, according to the report.

Canadian tourists contributed over a third of the tourism economy in Old Orchard Beach, a resort town in Maine, reported Global News. However, things are now starting to change.

Reserve Bank of India (RBI) is expected to announce another rate cut in April, and its impact on bank fixed deposit (FD) rates remains a key question. Ashok Vaswani, Managing Director and CEO of Kotak Mahindra Bank, in a interview to ToI said he believes that while the previous 25-basis-point cut has not yet led to lower deposit rates, a total reduction of 50-75 basis points could start influencing term deposit pricing. He expects significant movement in the banking sector over the next 6-12 months. Deposits remain a critical focus for banks, with last year witnessing a competitive battle for attracting funds. Vaswani acknowledges that securing deposits is not just about volume but also pricing. To sustain growth, Kotak Mahindra Bank is leaning on product innovation, customer-centric offerings, and its digital platform, 811. However, liquidity constraints persist, making it too soon to determine whether conditions will improve. The bank continues to monitor macroeconomic trends closely. Also Read: Billionaire Uday Kotak’s private bank adds thousands of clients

European Union has urged its citizens to stockpile enough food and other essential supplies to sustain them for at least 72 hours if crisis happens, the European Commission has said. “In case of extreme disruptions, the initial period is the most critical,” the document says, setting out possible scenarios, from war to cyber attacks and deadly disease to climate-driven floods, reports Politico. In a fresh guidance issued on Wednesday, the commission stressed the need for Europe to shift its mindset, to foster a culture of “preparedness” and “resilience.” ALSO READ: 'Elon, I want to thank you': Trump makes it official, makes big statement amid Tesla Takedown protests

Ghibli-style artwork from detailed prompts. Studio Ghibli, founded in 1985 by Hayao Miyazaki, Isao Takahata, and Toshio Suzuki, is a well-known Japanese animation studio. It is recognised for its hand-drawn animation, detailed backgrounds, and emotionally engaging storytelling. Individuals across the world are sharing Ghibli renditions of famous movie moments, memes, and even artistic interpretations of breaking news. Some of the posts are going viral.

Subscribe to enjoy similar stories. TEN years and a lifetime ago, Binyamin Netanyahu offered a stark vision of the future. Israel’s prime minister told a parliamentary committee that there could never be peace with the Palestinians.

Subscribe to enjoy similar stories. It isn’t easy to pin down the purpose of the Trump administration’s sweeping tariff agenda. Sometimes the president uses tariff threats to intimidate and gain leverage with trading partners.

Subscribe to enjoy similar stories. Donald Trump has sought to dismiss Signalgate as “the only glitch" in his two months as US president for the second time. But this will not wash with others around the world.

Subscribe to enjoy similar stories. The U.S. said it had agreed with Russia to ensure safe navigation in the Black Sea.