News
Bank of Canada holds key rate as Macklem downplays recession talk
1+ hour, 58+ min ago (977+ words) OTTAWA " Bank of Canada governor Tiff Macklem doesn't think the economy is in a recession, but he does acknowledge some recent weakness " something other economists argue should give the central bank more leeway to keep its key interest rate steady…...
Is Canada in a recession? What to know after a volatile week of economic data
3+ day, 2+ hour ago (1214+ words) OTTAWA " There was one word on the lips of many Canadians economists, politicians and journalists this past week: recession. Recent economic data has painted a mixed picture of Canada's economy, and some interpretations make the argument for a recession. Here's…...
Statistics Canada to release April labour force survey today
1+ mon, 2+ day ago (162+ words) OTTAWA " Statistics Canada is expected to release its latest reading on the job market this morning when it publishes its labour force survey for April. A Reuters poll suggests economists expect the economy added 15, 000 jobs in the month, while the…...
Saskatchewan's GDP well above the national average, government says
1+ mon, 1+ week ago (282+ words) Saskatchewan's GDP grew by 2. 2 per cent bringing the total for 2025 to $85. 4 billion, according to Statistics Canada. GDP is the total value of goods and services produced over a specific time period and is a primary measurement used to evaluate the…...
Prime Minister Mark Carney announces Canada's 1st sovereign wealth fund
1+ mon, 1+ week ago (611+ words) Prime Minister Mark Carney announced the country's first national sovereign wealth fund on Monday, pitching it as a way for Canadians to invest in nation-building projects. Carney said the Canada Strong Fund will invest in major Canadian industrial projects in…...
Annual inflation cools to 1. 8% in February, Stat Can says
2+ mon, 3+ week ago (212+ words) Statistics Canada says the annual rate of inflation dipped below two per cent in February as the end of last year's federal "tax holiday" helped to take some steam out of the yearly price comparisons. The agency says inflation last…...
Iran war adds new uncertainty to the Bank of Canada's already clouded lens
2+ mon, 3+ week ago (1000+ words) OTTAWA " 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…...