News
Winnipeg unemployment rate climbs despite national drop
2+ hour, 40+ min ago (242+ words) Canada lost 25,000 jobs in January, but the national unemployment rate still dropped to 6.5% " and Winnipeg was one of the few major cities moving in the opposite direction. Statistics Canada's latest labour force survey shows Winnipeg's seasonally adjusted unemployment rate rose…...
How inflationary pressure impacts Winnipeg's economy
2+ week, 2+ day ago (189+ words) Inflation is not an abstract statistic. It shows up at the grocery store, on utility bills, in rent payments, and at the gas pump. It quietly eats away at household budgets, leaving families with fewer choices. When a city's inflation…...
Bank of Canada Flags Trade Deal Review as Economic Risk
1+ mon, 1+ week ago (212+ words) Bank of Canada policymakers are flagging the upcoming review of the Canada'United States'Mexico Agreement as a major source of risk to the economic outlook, according to a summary of the central bank's latest governing council deliberations. The minutes, released Tuesday,…...
Bank of Canada holds interest rate at 2.75%, hints at possible cuts later this year
6+ mon, 1+ week ago (364+ words) The Bank of Canada kept its key interest rate at 2.75% today, holding firm for the fourth straight time but suggesting rate cuts could be on the table later this year. The central bank cited a cooling economy and easing inflation…...
Steady May inflation figures don't make the case for rate cuts: economists
7+ mon, 1+ week ago (872+ words) OTTAWA " May inflation figures showed marginal improvements in some of the Bank of Canada's closely watched price figures " a step in the right direction, some economists say, but likely not enough to convince the central bank to cut interest rates....
Many homeowners plan to rein in spending as mortgage payments rise upon renewal: TD
8+ mon, 1+ day ago (395+ words) TORONTO " Nearly half of homeowners facing a mortgage renewal in the next year expect their monthly payments to go up _ with many anticipating having to adjust their budget to keep up with the higher cost, a survey published on Thursday…...
Canada's inflation drops to 1.7% in April, lowest level since 2021
8+ mon, 2+ week ago (275+ words) Canada's annual inflation rate slowed to 1.7% in April, its lowest level since June 2021, according to new data from Statistics Canada. The decline was largely attributed to a significant drop in energy prices following the federal government's decision to remove the…...
Bank of Canada holds key rate steady amid trade war, economic uncertainty
9+ mon, 3+ week ago (926+ words) OTTAWA " The Bank of Canada left its benchmark interest rate unchanged Wednesday as it waits to get a clearer picture of how global trade uncertainty is going to impact the Canadian economy. The central bank held its policy rate steady…...
'Drip, drip, drip' of tariff threats already causing damage, says business group
11+ mon, 2+ day ago (736+ words) Broad U.S. tariffs on Canadian imports would be devastating if they're imposed Tuesday, but the "drip, drip, drip" of threats and moving goalposts has already inflicted its share of pain on businesses, said the chief of public policy for the Canadian…...