U.S. airline group sees record summer travel, despite 737 MAX grounding By Reuters

© Reuters. FILE PHOTO: Travelers go through O’Hare International Airport before the Thanksgiving Day holiday in Chicago By David Shepardson WASHINGTON (Reuters) – U.S. summer air travel will hit a new record this year despite the grounding of Boeing’s 737 MAX aircraft after two fatal crashes, a group representing major airlines said on Tuesday. Airlines for America, the trade group representing major U.S. carriers, said it expects 257.4 million passengers to travel on U.S. airlines between June 1 and Aug. 31, up 3.4 percent from last summer’s record 248.8 million…

Trade uncertainty darkens U.S. small caps outlook By Reuters

© Reuters. Traders work on the floor at the NYSE in New York By Sinéad Carew NEW YORK (Reuters) – Shares of smaller publicly listed U.S. companies have fallen more on recent U.S.-China trade tensions than larger corporations and could face an even rougher road as the year wears on unless the prospects for economic growth improve. Wall Street has been forecasting a return to growth for the S&P 600 index of small cap stocks in the second half of 2019, but an intensifying trade battle between the world’s two…

Carbon tax pushes Canadian inflation rate up to 2% in April

OTTAWA — Canada’s annual inflation rate edged up to 2.0 per cent in April from 1.9 per cent in March, driven in part by a carbon levy that pushed up gasoline prices in six provinces, Statistics Canada data showed on Wednesday. Prices gained 0.4 per cent from the previous month, led by a 10 per cent rise in gasoline prices, Statistics Canada said, in line with a Reuters survey of analysts. The annual rate rose to the Bank of Canada’s 2.0 per cent target for the first time since December.…

Huawei founder says growth ‘may slow, but only slightly’ after U.S. restrictions By Reuters

© Reuters. FILE PHOTO: Logo of Huawei is seen at VivaTech fair in Paris By Kanishka Singh (Reuters) – Huawei Technologies’ founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant “may slow, but only slightly” due to recent U.S. restrictions. In remarks to the Japanese press and reported https://s.nikkei.com/2VMJSaT by Asian Review, Ren reiterated that the Chinese telecom equipment maker has not violated any law. “It is expected that Huawei’s growth may slow, but only slightly,” Ren told Japanese media in his first…

Financial risks to Canada are rising — and fragile corporate debt is one of the culprits

OTTAWA — The Bank of Canada said on Thursday the overall risk to the Canadian financial system was slightly higher than in June 2018, and expressed concern about the increasing threat posed by fragile corporate debt funding. “Overall, the financial system remains resilient, and confidence among market participants continues to be high,” it said in its annual review of financial systems. The central bank cited a slowdown in economic growth, last year’s oil price slump, continuing problems in the energy sector and expanded risk-taking in global financial markets as reasons…