News
Canada adds 14, 000 jobs in March, keeping unemployment rate at 6. 7%
18+ hour, 28+ min ago (397+ words) OTTAWA " Statistics Canada reported a modest rebound in the labour market in March after two consecutive months of job losses to start the year. The agency said employers collectively added 14, 000 jobs in March, roughly in line with economists" expectations. The…...
The Challenges Facing the New Head of the Federal Reserve
18+ hour, 18+ min ago (382+ words) Barring unforeseen circumstances, Kevin Warsh will soon replace Jerome Powell as'Chairman of the Federal Reserve. Mr. Powell's term ends May 15th, but Mr. Warsh must first clear Senate confirmation. Once seated, he will confront a tricky economic landscape. Mainly through interest…...
U. S. builders face cost surge as ongoing Iran tensions, uncertainty rattle supply chains
5+ day, 18+ hour ago (776+ words) The cost of building in the U. S. is climbing and construction industry leaders warn global tension and instability " particularly the ongoing conflict involving Iran " is poised to push prices even higher, which will deepen challenges for contractors, developers and homebuyers alike....
Canada's labour market is 'static' after a year of U. S. tariffs, population shift
1+ week, 17+ hour ago (1179+ words) OTTAWA " April 2 marked one year since U. S. President Donald Trump upended the global trading system with his "Liberation Day" duties " a major step in his wider tariff campaign that's hammered critical sectors of Canada's labour market. With roughly a year of…...
Modest growth projected for 2026 as uncertainty from Iran war, trade linger: Deloitte
1+ week, 18+ hour ago (784+ words) OTTAWA " The Canadian economy is expected to see modest growth this year, but the ongoing war in the Middle East and continued trade uncertainty are among the risks to that projection. Deloitte's spring economic outlook released estimated 1. 2 per cent growth…...
Ottawa's fiscal year shaping up better than budget forecasts: BMO economist
1+ week, 4+ day ago (546+ words) OTTAWA " The federal government's annual deficit for the fiscal year is tracking below Ottawa's own expectations set out in the 2025 budget, despite increased spending. The fiscal monitor showed Ottawa's deficit from April to January came in at $31. 2 billion. With just…...
Ontario 2026 budget highlights: $13. 8 B deficit, housing starts down, AI funding
2+ week, 5+ day ago (531+ words) TORONTO " The Ontario government tabled a budget Thursday that focused on developing a resilient economy amid geopolitical uncertainty." The province is expecting to end this fiscal year with a $12. 3-billion deficit, down from the $14. 6 billion projected in last year's budget....
Stat Can reports merchandise trade deficit $3. 6 B in January
3+ week, 6+ day ago (493+ words) OTTAWA " Canada's merchandise trade deficit increased to $3. 6 billion in January as exports of motor vehicles and parts fell to their lowest level since September 2021, Statistics Canada said recently. The result compared with a trade deficit of $1. 3 billion in December. Katherine…...
Unemployment rate up, 84, 000 jobs lost in 'very bad' February jobs report
4+ week, 17+ hour ago (806+ words) OTTAWA " Statistics Canada said the economy faced sharp job losses in February in a report that suggests the labour market is struggling after nearly a year of U. S. tariff pressures. "This was a very bad report on almost every single measure,…...
Productivity remains major issue, projects taking much longer, Clayton tells OCS conference
1+ mon, 3+ day ago (643+ words) Infrastructure Ontario CEO Angela Clayton says productivity in the construction sector remains stagnant or in significant decline, with IO's own projects taking much longer to complete and at a higher cost than years ago. Clayton said during a fireside chat…...