News
These economists are worried Canada has a data quality problem
8+ hour, 12+ min ago (1031+ words) OTTAWA " Most economists, including at the Bank of Canada, were a bit surprised when Statistics Canada reported late last month that the economy contracted slightly over the first three months of the year. The consensus estimate among economists and monetary…...
How high pandemic-period immigration papered over the cracks in Canada's economy
3+ week, 9+ hour ago (733+ words) OTTAWA " Prime Minister Mark Carney has said that lower immigration under his government helps to explain why Canada's economy has declined for the last two quarters, pushing it into recession territory. While Carney has not said the word "recession" himself…...
SGI rate hike now in effect, despite no decision yet from rate review panel
3+ week, 2+ day ago (398+ words) Insurance rates in Saskatchewan got more expensive as of Monday morning, when rate hikes for SGI plates came into effect. The increase was announced in January, when the Crown corporation submitted a rate increase application to the rate review panel....
Blind side: Why World Cup economic impact on Vancouver and Toronto may never be known
1+ mon, 2+ week ago (1326+ words) Firm figures around the price tag of the event, its economic benefits and legacy are unclear. Calculating the immediate boost is complicated by the fact the tournament is displacing other events....
Canada loses 18, 000 jobs in April, unemployment rate rises to 6. 9%
1+ mon, 2+ week ago (235+ words) Statistics Canada's labour force survey on Friday showed a slight drop in jobs in April as the unemployment rate climbed higher. The agency said the economy shed 18, 000 jobs in April, following an increase of 14, 000 jobs in March. The loss came…...
Saskatchewan's food inflation the worst in Canada, expert says
2+ mon, 4+ day ago (484+ words) Saskatchewan may be the most affordable option when it comes to buying a home, but when it comes to a trip to the grocery store it's the most expensive, according to food expert Sylvain Charlebois. Charlebois is the director of…...
Federal government reports $25. 5 B deficit for its April-to-February period
2+ mon, 1+ day ago (133+ words) The federal government posted a budgetary deficit of $25. 5 billion for the April-to-February period of its 2025-26 fiscal year. In its monthly fiscal monitor, the Finance Department says the result compared with a deficit of $19. 3 billion for the same period of 2024-25. The…...
Bank of Canada appoints two deputy governors, dropping "external" title for one
2+ mon, 5+ day ago (201+ words) OTTAWA " The Bank of Canada is filling two vacancies on its governing council with a pair of economists who are already well known at the central bank. In May, the Bank of Canada's managing director of economic analysis, Marc-Andr" Gosselin,…...
Statistics Canada set to publish fresh inflation data for February
3+ mon, 1+ week ago (138+ words) OTTAWA " Fresh inflation data is expected out of Statistics Canada today. A Reuters poll predicted a drop in February's annual inflation rate to 1. 9 per cent from 2. 3 per cent in January. The inflation data will factor into the Bank of Canada's…...
Canadian ends volatile 2025 with a contraction in Q4: Stat Can
3+ mon, 3+ week ago (878+ words) OTTAWA " Statistics Canada reported a fourth-quarter contraction in real gross domestic product Friday that economists argue conceals some promising details in underlying economic data. Stati Can said Friday that real GDP declined 0. 6 per cent on an annualized basis in the…...