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News
Reining in inflation will not return prices to what they were
8+ hour, 3+ min ago (708+ words) If it feels like your money still doesn’t go nearly as far as it used to, you’re not imagining it. Statistics Canada reported last week that Canada’s annual inflation rate climbed to three per cent in July, up from 2.8 per…...
Re-escalating trade war puts Canada's economic rebound at risk: economists
4+ hour, 45+ min ago (159+ words) Economists are warning that a re-escalation in the trade war with the United States puts Canada's burgeoning economic recovery at risk. The U.S. imposed 50 per cent tariffs on roughly $28 billion worth of Canadian goods over the weekend after trade talks fell…...
Reigning in inflation will not return prices to what they were
8+ hour, 3+ min ago (708+ words) If it feels like your money still doesn’t go nearly as far as it used to, you’re not imagining it. Statistics Canada reported last week that Canada’s annual inflation rate climbed to three per cent in July, up from 2.8 per…...
Gas price rebound expected to send inflation higher in July
1+ week, 2+ day ago (666+ words) Economists expect inflation edged higher in July as consumers were getting whiplash at the gasoline pumps. Statistics Canada is set to provide a look at the consumer price index for July on Monday. A Reuters poll of economists expects annual…...
Inflation cooled last month as gas prices fell, though costs remain elevated
1+ week, 5+ day ago (805+ words) U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the Iran war are only having a limited impact on broader costs in the economy. Consumer prices rose 3.4% in July…...
The provincial deficit dropped by $3.3 billion to $7.7 billion in 2025/26: Bailey
2+ week, 36+ min ago (161+ words) The British Columbia government says the final accounting for the budget year ending in March shows a deficit of $7.7 billion, more than three billion lower than forecast. The latest fiscal update released by Finance Minister Brenda Bailey says the deficit…...
Employers unexpectedly cut 23,000 jobs, raising hopes for easier rate policy
2+ week, 3+ day ago (458+ words) Stocks are mostly rising in early trading on Wall Street and Treasury yields are falling after the government reported that employers unexpectedly cut 23,000 jobs last month. The S&P 500 rose 0.4% early Friday. The Dow Jones Industrial Average edged down 52 points,…...
Canada adds 75,000 jobs in July as unemployment rate ticks down
2+ week, 3+ day ago (488+ words) Canada’s jobs numbers beat economists’ expectations in July, while the unemployment rate fell to its lowest level in two years, Statistics Canada said on Friday. The agency’s labour force survey said Canada added a surprising 75,000 jobs in July, blowing past…...
StatCan reports merchandise trade surplus grew to $3.9B in June
2+ week, 6+ day ago (545+ words) Canada's merchandise trade surplus increased to $3.9 billion in June as a weaker loonie pushed trade values higher, Statistics Canada said on Tuesday. The agency said the result compared with a surplus of $3.7 billion in May, which was revised from its…...
Economy grew 0.3% in May, on track for solid Q2 rebound: StatCan
3+ week, 3+ day ago (596+ words) The economy was growing steadily in May and appeared on track for a solid rebound in the second quarter as a whole, Statistics Canada said Friday. The agency said real gross domestic product rose 0.3 per cent in May amid growth…...