News
Bo C report estimates U. S. counter-tariffs pushed prices up about 6% last year
3+ hour, 25+ min ago (515+ words) Prices of most tariffed goods fell to previous levels after measure was lifted Analysts at the Bank of Canada say prices on goods affected by Ottawa's counter-tariffs against the United States last year were roughly 6% higher on average than non-tariffed…...
Canada loses 18, 000 jobs in April
3+ day, 8+ hour ago (225+ words) Unemployment rate rises to 6. 9% from 6. 7% 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…...
Middle East conflict pressuring credit quality: Fitch
4+ day, 2+ hour ago (233+ words) Inflation, energy prices pressures weigh on corporate metrics Global corporate credit quality could come under pressure from the economic and financial fallout of the ongoing conflict in the Middle East, says Fitch Ratings. In a report Thursday, the rating agency…...
Canada posts merchandise trade surplus for March
6+ day, 8+ hour ago (462+ words) Total exports rose 8. 5% to $72. 8 million, boosted by oil and gold Canada posted its first merchandise trade surplus since September as increased shipments of gold and higher oil prices drove exports to their highest level in more than a year. Statistics…...
Economists sour on growth, inflation: ECB
1+ week, 2+ hour ago (7+ words) Latest survey of economists signals gloomier outlook...
Bring back the four pillars
1+ week, 3+ day ago (164+ words) Big banks blamed for shortage of risk capital before Senate committee...
Key U. S. inflation gauge jumps to highest level in 3 years
1+ week, 4+ day ago (119+ words) U. S. -Iran war pushed up cost of living in March...
Bank'of Canada head 'encouraged' by Ottawa's efforts to diversify economy
1+ week, 3+ day ago (1005+ words) Tiff Macklem also says long timelines for project approvals are holding back international investment in Canada Bank'of Canada governor Tiff Macklem says he's "encouraged" by the federal government's efforts to diversify the economy and protect it against increasingly common shocks…...
Structured finance outlooks dim as economy wobbles
1+ week, 5+ day ago (85+ words) Asset performance to weaken as growth slows and inflation, rates face pressure...
Federal Reserve keeps key rate unchanged even as four officials dissent
1+ week, 5+ day ago (645+ words) The dissents underscore the level of division on the Fed's 12-member committee The Federal Reserve left its benchmark interest rate unchanged for the third straight meeting but signalled it could still cut rates in the coming months, moves that attracted…...