Jet fuel tends to be an airline's biggest expense. An analysis by the International Air Transport Association showed that, for the week ending March 27, the weekly average price of jet fuel has skyrocketed 116.8 per cent compared to the previous year's average.
Mexico's equity market does not trade in isolation from Washington. The country's economic relationship with the United States, governed by the United States-Mexico-Canada Agreement (USMCA), is the single biggest external variable for EWW over the next 12 months. When trade flows are stable, Mexican exporters, industrials, and materials companies see reliable demand. When that relationship is stressed, the fund reacts quickly.
Every day more than $4 billion worth of goods cross the United States' borders with Canada and Mexico-U.S. auto parts headed for car factories in northern Mexico, cartons of Mexican avocados bound for California supermarkets, Canadian aluminum destined to become cans of Campbell Soup. Much of this bustling cross-border commerce is duty-free, thanks to the US-Mexico-Canada Agreement, or USMCA, that President Donald Trump negotiated with America's northern and southern neighbors during his first term.
Sales are down nearly 70 percent at Jahn Engineering, a tool and die shop that serves automakers here and in the United States. Dozens of workers have been let go following decisions made in the White House. The Canadian auto industry has been rocked by President Donald Trump's abandonment of subsidies for electric vehicles and embrace of tariffs.
All truckers and pass drivers will have to take their commercial driver's license tests in English as the Trump administration expands its aggressive campaign to improve safety in the industry and get unqualified drivers off the road. Transportation Secretary Sean Duffy announced the latest effort Friday to ensure that drivers understand English well enough to read road signs and communicate with law enforcement officers. Florida already started administering its tests in English.
Last week, hundreds of thousands of Haitian migrants faced an uncertain future as the Trump administration fought in federal court to revoke their legal status and deport them. But despite these threats, the largely immigrant union workers at a JBS beef plant in Greeley, Colorado, many of them recent arrivals from Haiti, still voted on Wednesday by an overwhelming margin to strike over poor working conditions in what could become the first sanctioned walkout at a major meatpacking plant in decades.
Most American dairy cows are milked by immigrants. On Dale Hemminger's farm in upstate New York, the cows are milked by robots. When a cow wants to be milked, it walks up to a machine that cleans its udder, attaches cups to its teats, draws the milk and dispenses a treat. In a barn that Hemminger plans to open this year, other robots will roam the floor like little automated pooper scoopers, picking up manure.
The Sheriff's Office in Louisiana's Richland Parish, where the massive Hyperion Data Center is under construction, said Wednesday that US Immigration and Customs Enforcement detained two dump truck drivers traveling to the site during a traffic stop inspection. "During those stops, two drivers were arrested by ICE due to their immigration status," the office said. The drivers were from Guatemala and Honduras.
BREAKINGBREAKING, Tom Homan, Trump's Border Czar, has been speaking from Minnesota, where he was sent to replace in wake of two killings of US citizens by immigration enforcement officers. Homan was sent by Trump to replace Greg Bovino, the top border patrol official sent to the state as part of a massive enforcement operation that has sparked widespread protests.
It was a rough week for the Canadian economy. GM laid off 500 workers at a plant in Oshawa, Ont. New threats from the White House targeted Canada's aerospace industry. And Statistics Canada announced its preliminary estimates show gross domestic product contracted in the fourth quarter of last year. Looming over all that bad news is a question about how much and how quickly Canada can realistically expect to diversify its exports.