News
Economists pour cold water on recession talk after Canada's economy stalls in Q1
5+ hour, 58+ min ago (925+ words) OTTAWA " Canada's economy is still struggling to grow but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession. Stat Can reported Friday that the economy stalled in…...
Poilievre says Carney's policies to blame for Canada dipping into recession territory
5+ hour, 34+ min ago (148+ words) OTTAWA " Conservative Leader Pierre Poilievre says Prime Minister Mark Carney's policies are to blame for Canada entering recession territory. Statistics Canada says the economy contracted slightly for the second quarter in a row to start the year, a benchmark some…...
VIU expecting balanced budgets amid years of financial turmoil
1+ mon, 2+ week ago (485+ words) NANAIMO " Increasing deficits and impacts from declining international student recruitment are hoped to be in the past for Vancouver Island University. The University announced Wednesday, April 8, it will present a balanced budget next month for approval by its Board of…...
It's everywhere:' ongoing global conflicts increasing local pricing pressure
1+ mon, 3+ week ago (429+ words) NANAIMO " Increasingly high fuel costs are causing both direct and indirect complications for pocketbooks in the region. While regular gasoline has hovered around 200 cents per litre over the last two weeks, diesel fuel has continued to spike, reaching the mid-260 cent…...
Bank of Canada to make interest rate announcement amid clouded outlook
2+ mon, 1+ week ago (202+ words) OTTAWA " The Bank of Canada is expected to make an interest rate announcement this morning as it weighs the effects of the conflict in the Middle East, trade uncertainty and recent economic data. The central bank's key lending rate stands…...
Ottawa spending $229 M to help tariff-hit Ontario workers obtain new skills
2+ mon, 2+ week ago (481+ words) OTTAWA " The federal government will spend $228. 8 million over the next three years to help Ontario workers in industries hit hard by U. S. tariffs, acquire new skills and adapt to the trade war disruption. The new Canada-Ontario Workforce Tariff Response will support…...