News
Bank of Canada leaves its key interest rate unchanged amid economic "dilemma
1+ hour, 6+ min ago (915+ words) The post Bank of Canada leaves its key interest rate unchanged amid economic "dilemma" appeared first on The Logic. Canada's Business and Tech Newsroom The Bank of Canada left the benchmark interest rate unchanged at 2. 25 per cent. Governor Tiff Macklem…...
Canadian labour productivity is falling again
6+ day, 21+ hour ago (234+ words) The Logic Canada's Business and Tech Newsroom Output per hour worked dropped 0. 5 per cent in the first quarter, after slumping 0. 3 per cent in the previous quarter, Statistics Canada reported. Companies produced less output even though their employees logged more hours....
Canada's economy slid into a technical recession in Q1
1+ week, 5+ day ago (234+ words) The Logic Canada's Business and Tech Newsroom Gross domestic product declined at an annual rate of 0. 1 per cent, after dropping one per cent in the fourth quarter, Statistics Canada reported. That satisfies the most basic definition of a recession, which…...
Bank of Canada holds the line on its key interest rate in the face of the oil shock
1+ mon, 1+ week ago (188+ words) The central bank left the cost of borrowing unchanged for a fourth consecutive time The Bank of Canada left its benchmark interest rate at 2. 25 per cent, saying there is "little evidence" at this stage that higher oil prices represent a…...
Carney announces Canadian sovereign wealth fund with initial $25 B in public money
1+ mon, 1+ week ago (853+ words) The Canada Strong Fund will include ways for retail investors to buy in, the prime minister said, but most of the details are still being worked out OTTAWA " Canada will launch a sovereign wealth fund seeded with $25 billion in federal…...
Canadian inflation slowed to 1. 8% in February
2+ mon, 3+ week ago (225+ words) The Logic Canada's Business and Tech Newsroom The year-over-year change in the consumer price index eased from 2. 3 per cent in January as distortions from former prime minister Justin Trudeau's GST/HST holiday fell out of Statistics Canada's calculations. (The Logic)…...
Canadian price increases stabilized in 2025, albeit at much higher levels
4+ mon, 3+ week ago (242+ words) Canada's business and tech newsroom Canada's Business and Tech Newsroom Statistics Canada's annual review of inflation shows year-over-year changes in the consumer price index averaged 2. 1 per cent last year, slower than 2. 4 per cent in 2024. Still, costs have risen nearly 20 per…...
Drop in auto exports widens Canada's merchandise trade deficit to $3. 6 B
2+ mon, 4+ week ago (232+ words) The Logic Canada's Business and Tech Newsroom Canada exported $5. 4 billion worth of motor vehicles and parts in January, Statistics Canada reported Thursday'a 21 per cent decrease over the previous month that brings that category to its lowest level since September 2021. Overall,…...
Feds must get their own house in order for defence industrial plan to work, sector leaders warn
3+ mon, 2+ week ago (1562+ words) The new strategy would more than double jobs and revenue in Canada's defence sector. That will require a huge leap in the government's capacity to procure gear and keep up with tech. OTTAWA " Making Canada's new defence industrial strategy work…...
Canada dodged a K-shaped economy. A growing wealth gap could change that
3+ mon, 3+ week ago (887+ words) A split is emerging as younger Canadians build wealth in equity markets while older generations remain exposed to housing risks Canada's income and wealth gaps reached new highs in the third quarter of last year, Statistics Canada data shows. While…...