Skip to content Skip to sidebar Skip to footer

Canada Imposes 100% Tariff on Chinese-Made EVs, Including Tesla Vehicles

Canada has announced a 100% tariff on Chinese-made electric vehicles (EVs), including those produced by Tesla, as part of a broader strategy to align with Western allies and protect domestic manufacturers. Tesla's shares fell by 3% on Monday following the announcement. The Canadian government revealed a 100% levy on Chinese-made EVs and a 25% levy…

ByPexecoAugust 27, 20240Comments

Commodities

Gold Hits Record High as Lower Rate Expectations Boost Safe-Haven Demand

Gold prices have reached a new all-time high, driven by expectations of a lower interest rate environment and increasing demand for safe-haven assets. In contrast, base metals such as copper remain weak, largely due to sluggish economic growth in major economies, particularly from China. Both spot gold and futures prices surged to a new record…

ByPexecoAugust 19, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Canada Imposes 100% Tariff on Chinese-Made EVs, Including Tesla Vehicles

Gold Hits Record High as Lower Rate Expectations Boost Safe-Haven Demand