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News
In the news: Trade war accusations, Quebec election coming, and Alberta AI town hall
7+ hour, 11+ min ago (685+ words) Ottawa tweaks tariff reprisal after industry input Canadian businesses continue to weather U.S. President Donald Trump’s latest duties while they await the planned reprisal from Ottawa to take effect. Late Wednesday evening, Finance Canada issued a statement saying it had been…...
B.C. unemployment rate falls, but Conservatives warn economic concerns remain
2+ week, 5+ day ago (464+ words) PRINCE GEORGE — British Columbia’s unemployment rate dropped for the second straight month in July, falling from 6.5 per cent to 6.2 per cent as the province added 17,800 jobs. However, the Opposition Conservatives say the headline numbers mask deeper economic challenges facing many…...
Economy grew 0.3% in May, on track for solid Q2 rebound: StatCan
3+ week, 6+ day ago (615+ words) OTTAWA — 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…...
Union says B.C. mill closure leaves workers ‘reeling,’ as industry woes persist
1+ mon, 1+ week ago (1018+ words) The latest blow to British Columbia’s battered forestry sector has prompted industry, union and local officials to call for immediate support, while the forests minister said he expects to announce changes to forest permitting within weeks. The push comes after…...
Bank of Canada to deliver 5th interest rate decision of the year
1+ mon, 1+ week ago (159+ words) OTTAWA — The Bank of Canada is set to deliver its fifth interest rate decision of the year this morning. Economists widely expect the central bank will remain on hold, keeping its policy rate at 2.25 per cent. Inflation has jumped above…...
Statistics Canada set to release jobs data for May this morning
2+ mon, 3+ week ago (161+ words) OTTAWA — Statistics Canada is expected to release its labour market report for the month of May this morning. The consensus among economists polled by Reuters shows they’re anticipating employers added 10,000 positions last month, after a loss of nearly 18,000 jobs in…...
Champagne stands his ground after budget watchdog questions fiscal anchor
2+ mon, 3+ week ago (727+ words) OTTAWA — The federal finance minister is standing by his government’s projections after Ottawa’s budgetary watchdog cast doubt on Ottawa’s ability to hit a key fiscal anchor. Parliamentary Budget Officer Annette Ryan on Thursday released her office’s first economic and fiscal…...
How high pandemic-period immigration papered over the cracks in Canada’s economy
2+ mon, 3+ week 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…...
Canada slips into technical recession as economy stalls in Q1: StatCan
2+ mon, 4+ week ago (762+ words) OTTAWA — Statistics Canada says economic growth stalled in the first quarter, leading to a second consecutive decline in real gross domestic product. That meets some definitions for a technical recession, though not all economists weighing in on StatCan’s Friday report…...
Prince George small businesses face mounting concerns amid economic instability
5+ mon, 2+ week ago (561+ words) PRINCE GEORGE – Harsh economic conditions, only heightened by the war in Iran, has put additional pressure on Prince George small businesses who have already been facing challenges. “There’s a lot of uncertainty in the world right now, and job security…...