The Canadian government announced Monday that as of Aug. 9, fully vaccinated U.S. citizens and permanent residents who currently reside in the U.S. can travel to Canada for non-essential purposes.
In an economic address Monday, President Joe Biden addressed concerns surrounding persistent inflation.
The U.S. Energy Information Administration reported national regular gasoline prices rose an average of 2 cents a gallon last week to $3.15.
Prime Minister Justin Trudeau said Canada could start allowing fully vaccinated Americans into Canada as of mid-August for non-essential travel.
President Joe Biden called on regulators to crack down on consolidation in the shipping and rail industries, as part of a broad executive order promoting competition throughout the U.S. economy.
The Labor Department reported seasonally adjusted initial jobless claims fell to 360,000 in the week ending July 10.
Wholesale prices for June rose more than expected in another sign that inflation is moving at a faster pace than markets had anticipated.
Gas prices nationally continued to climb in the past week.
Inflation surged in June at its fastest pace in nearly 13 years amid a burst in used vehicle costs and price increases in food and energy.
The 10-year U.S. Treasury yield fell as low as 1.25% on Thursday, its lowest point since February, continuing a sharp reversal in the bond market amid growing concern about the pace of the global economic recovery.
The U.S. Energy Information Administration’s latest Short Term Energy Outlook report calls for national gas prices to peak in July before falling the rest of 2021.
The Bureau of Labor Statistics reported nonfarm payroll enrollment rose by 850,000 in June.
