U.S. bans WeChat, TikTok, citing national security reasons

The U.S. Commerce Department has issued an order that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok, starting Sunday. Commerce officials said the ban on new U.S. downloads of TikTok could be still rescinded by President Donald Trump before it takes effect late Sunday as TikTok…

Federal Reserve signals plan to keep U.S. interest rate near zero until 2023

BusinessThe Federal Reserve adjusted its inflation target to seek price increases above 2 per cent annually, a move that will likely keep interest rates low for years to come.Central bank adjusts inflation target in move likely to keep rates low for longerThe Associated Press · Posted: Sep 16, 2020 2:42 PM ET | Last Updated:…

Amid COVID-19 uncertainty, Canada and the U.S. step back from the brink of futile fight over tariffs

In the end, the great tariff war of 2020 didn't last long. Just as Canada was about to announce its own round of tariffs on products made with American aluminum, the Americans announced Tuesday that a deal had been reached. But the whole ordeal serves as a reminder of two key things: Tariffs may be dumb,…

Bank of Japan maintains policy, says economy slowly reviving

Japan's central bank on Thursday said it would maintain its ultra-loose monetary policy as the virus-hit economy gradually picks up, with no big changes announced the day after new Prime Minister Yoshihide Suga took office. Suga has pledged to continue the work of former leader Shinzo Abe, whose signature  "Abenomics" programme involved vast government spending,…