News
Wealthy Americans ramp up spending while others tread water, new study finds
2+ hour, 43+ min ago (419+ words) Wealthy Americans ramp up spending while others tread water, new study finds Lower-income households have lost ground since 2023 Higher-income Americans and those with college degrees have ramped up their spending more quickly in the past three years than other consumers,…...
Warsh's challenge: Navigating Fed independence and Trump's demands
4+ day, 2+ hour ago (441+ words) Fed Chair nominee seen as experienced, diplomatic Kevin Warsh has sought the job of U.S. Federal Reserve chair, off and on, since President Donald Trump first considered him for the position nearly a decade ago. Now that he is in line…...
Gold's shine spills over to silver as prices surge
4+ day, 3+ hour ago (685+ words) Gold's shine spills over to silver as prices surge However, retail enthusiasm for silver seen as "not sustainable' While gold has received much of the credit in helping drive the TSX to new heights over the past year, another metal…...
Economy stalled in November and may have contracted in Q4: Statistics Canada
4+ day, 5+ hour ago (643+ words) Economy stalled in November and may have contracted in Q4: Statistics Canada Drop in goods-producing industries was offset by growth in services Statistics Canada says the economy stalled in November and early estimates suggest a decline in real gross domestic product…...
Trump names former Fed official Kevin Warsh as next Fed chair
4+ day, 5+ hour ago (1092+ words) Trump names former Fed official Kevin Warsh as next Fed chair If confirmed by the Senate, he'll replace Jerome Powell as chair in May President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to…...
Income gap increases in Q3
5+ day, 1+ hour ago (530+ words) Income gap increases in Q3 Middle income families had weak wage gains, lower net savings: Statistics Canada The gap between the disposable income of high- and low-income Canadians widened in Q3 2025, according to data Statistics Canada released Thursday. The agency, which measures…...
Statistics Canada reports merchandise trade deficit $2.2 billion in November
5+ day, 5+ hour ago (223+ words) Statistics Canada reports merchandise trade deficit $2.2 billion in November Exports of motor vehicles and parts fell to their lowest level in three years Statistics Canada says exports fell in November as the country posted a merchandise trade deficit of $2.2 billion…...
Prescribed rate to remain 3% in Q2 for fourth consecutive quarter
6+ day, 14+ min ago (497+ words) Prescribed rate to remain 3% in Q2 for fourth consecutive quarter Deadline for prescribed-rate loan payments is Jan. 30 The prescribed rate will remain 3% in the second quarter of 2026, based on Government of Canada three-month Treasury Bill yields through January. The second quarter…...
Text of the BoC's latest interest rate decision
6+ day, 4+ hour ago (239+ words) Text of the BoC's latest interest rate decision Outlook for Canadian economy is vulnerable to unpredictable U.S. trade policies, geopolitical risks, central bank notes The Bank of Canada held its policy interest rate at 2.25% on Wednesday. Here is the text of…...
Bank of Canada holds key rate steady as CUSMA talks loom over its outlook
6+ day, 5+ hour ago (1063+ words) Bank of Canada holds key rate steady as CUSMA talks loom over its outlook Canada, the U.S. and Mexico are set to review CUSMA in July The Bank of Canada kept to the sidelines at its first interest rate decision of…...