As a result, the Canadian CPI hit an all-time high of 12.9%. Paul Volcker wanted to tame inflation and the Bank of Canada followed suit. The prime rate, which had fallen to 12.25% in July 1980 ...

Trump has long proposed raising tariffs—or taxes on imported goods that the businesses importing them pay the U.S. government ...

The full suite of tariffs sought by the administration would have created notable upward pressure for already high levels of inflation, a report said.

The threat of a punishing trade war sent Wall Street on a roller coaster Monday. After initially falling sharply on worries ...