News
Budget watchers expect lower deficit than projected, but warn government should keep its fiscal powder dry
4+ hour, 12+ min ago (922+ words) During a press conference on Monday, Carney said Canadians should expect 'good news' in Tuesday's update OTTAWA " Fiscal analysts expect the federal deficit in Tuesday's spring economic update to be less than what was initially projected, thanks to higher revenues…...
The omnivorous diet is waning, possibly due to high food prices in Canada, report suggests
2+ hour, 12+ min ago (887+ words) After four months of leading the G7 in food inflation, a new report examines how Canadians feel about affordability and other food-related issues Canadians continue to adapt to food inflation, shifting their shopping and eating habits, according to the latest edition…...
Alberta's fund a cautionary tale for Carney's national sovereign wealth fund
16+ hour, 53+ min ago (977+ words) OTTAWA " Prime Minister Mark Carney announced on Monday morning the creation of Canada's first national sovereign wealth fund, starting with an initial endowment of $25 billion. While Carney's so-called Canada Strong Fund will be the first Canada-wide fund of its kind,…...
Carney announces sovereign wealth fund for major projects
20+ hour, 12+ min ago (116+ words) National Post Carney announces sovereign wealth fund for major projects On April 27, Prime Minister Mark Carney spoke at a press conference in Ottawa to announce a sovereign wealth fund for Canada. The 13 charts that prove the lost Liberal decade Carney…...
Canadian entrepreneurship in "sharp decline," warns think tank
5+ day, 4+ hour ago (597+ words) OTTAWA " A free-market think tank is warning that high taxes and big government are snuffing out private sector entrepreneurship in Canada. "Entrepreneurship " the heartbeat of innovation, job creation and economic growth " is in sharp decline (and) has been declining for…...
Canada's inflation rate hit 2. 4% in March. Here's how it compares to the world's top economies
6+ day, 20+ hour ago (550+ words) Canada's annual inflation rate rose to 2. 4 per cent in March, Statistics Canada'said on Monday. Higher energy costs drove the increase, with inflation accelerating from 1. 8 per cent in February, as consumers faced the largest monthly increase in gas prices on record,…...
The U. S. is under the economic weather, meaning "one hell of a cold or the flu" for Canada, economists fear
2+ week, 3+ day ago (1102+ words) It's little surprise that Canadian consumer confidence is at an 11-month low WASHINGTON, D. C. " Grocery prices are elevated, gas prices are high, job markets are cooling, and U. S. President Donald Trump is sticking to his tariff plans while the world eyes a…...
Federal deficit could top $100 B by 2035, economist warns
2+ week, 6+ day ago (622+ words) The study forecasts that Canada's new commitments to boost military spending will exert the most pressure on federal finances OTTAWA " One of Canada's leading economists is warning that the country's already historic federal deficit is on pace to top $100 billion…...
Iran war drags Canadian consumer confidence to 11-month low: poll
3+ week, 19+ hour ago (475+ words) Canadian consumer confidence fell to its lowest level in almost a year as the war in Iran, which has sent energy prices soaring and stoked worries about persistent inflation, entered its sixth week. "All indicators in the Bloomberg Nanos Index…...
Fed projects one rate cut this year, sees limited economic impact from Iran war
1+ mon, 1+ week ago (172+ words) Federal Reserve officials left short-term interest rates unchanged Wednesday for the second straight meeting at about 3. 6%. They expect the Iran war will worsen inflation this year, but have little impact on growth. Fed projects one rate cut this year, sees…...