News
Here's a quick glance at unemployment rates for March, by province
6+ hour, 45+ min ago (93+ words) Canada's national unemployment rate was 6. 7 per cent in March. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 9. 5 per cent (9. 2) _ Prince Edward Island 7. 3 per cent (7. 2) _ Nova Scotia 6. 6 per cent (7. 1) _ New…...
Feds looking at how to 'cushion the blow' as gas prices rise amid Iran war: Carney
3+ day, 3+ hour ago (317+ words) Prime Minister Mark Carney says the federal government is looking at how to support Canadians as oil prices rise amid the ongoing war in the Middle East. Oil prices have surged since the U. S. and Israel attacked Iran on Feb. 28. The…...
Iran war adds new uncertainty to the Bank of Canada's already clouded lens
3+ week, 3+ day ago (984+ words) The Bank of Canada will be balancing a last-minute flood of economic data with uncertainty around trade and war in the Middle East as it prepares to make its second interest rate decision of 2026 this week. Economists say the central…...
Inflation cooled in February before oil price shock; last data ahead of Bo C rate call
3+ week, 4+ day ago (867+ words) Inflation was showing signs of easing in February but economists warn price relief will be short lived as the war in the Middle East fuels surging energy costs. Statistics Canada said Monday that February's inflation reading came in at 1. 8 per…...
Despite job losses, shrinking labour force lowers unemployment rate in January
2+ mon, 3+ day ago (804+ words) Fewer people were looking for work in January, driving the unemployment rate lower despite job losses in the month, Statistics Canada said Friday. The agency said the economy shed 25, 000 jobs in January, compared to economists' expectations for a slight gain....
Union Budget 2026: What gets cheaper and costlier
2+ mon, 1+ week ago (387+ words) Union Finance Minister Nirmala Sitharaman on Sunday announced in Union Budget 2026-27 that select outward remittances will get cheaper with Tax Collected at Source (TCS) on overseas tour packages and education and medical remittances cut to 2 per cent." Earlier, overseas tour…...
Bank of Canada holds key interest rate steady at 2. 25% in soft economy
2+ mon, 1+ week ago (540+ words) The Bank of Canada held its benchmark interest rate steady Wednesday and forecasts a gradual economic recovery from the U. S. tariff shock. The policy rate remains at 2. 25 per cent after the central bank's first decision of the year." Economists had widely…...
India a stabilising force in world economy: Global experts
6+ mon, 1+ week ago (340+ words) Global economic experts on Friday highlighted India's growing role in the world economy and stressed the importance of reforms to strengthen its growth story." Speaking to IANS on the sidelines of the fourth edition of the Kautilya Economic Conclave 2025, Lord…...
Lower GST boosts consumer spending in the festive season
5+ mon, 3+ week ago (338+ words) The impact of the recently implemented Goods and Services Tax (GST) reform is becoming increasingly visible on the ground, with lower tax rates encouraging consumers to spend more, particularly amid the festive season. " Customers across the nation feel a difference…...
India's economic fundamentals are "pretty strong' with "good growth,' says IMF
5+ mon, 3+ week ago (328+ words) The International Monetary Fund (IMF) on Thursday said that India's economic fundamentals remain "pretty strong" with lower inflation and "well-managed" fiscal deficit." He added that despite 50 per cent US tariffs, India's growth rate is expected to remain steady due to…...