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News
Bank of Canada set to grapple with renewed trade war pressures in rate decision
2+ hour, 6+ min ago (888+ words) A pedestrian walks past the Bank of Canada in Ottawa, Wednesday, June 10, 2026. THE CANADIAN PRESS/Adrian Wyld OTTAWA - The Bank of Canada finds itself in a familiar dilemma this week as the escalating trade war with the United States casts…...
Bessent heads to the G20 to rally allies on Iran as tariffs strain ties
5+ hour, 47+ min ago (411+ words) As Bessent hosts meetings of the Group of 20 finance ministers in Asheville, North Carolina, on Monday and Tuesday, he intends to put the focus on a range of issues intended to draw uncontroversial support, from economic growth to addressing mounting…...
US economy expanded at sluggish 1.5% pace in second quarter, on par with earlier estimate
4+ day, 20+ hour ago (310+ words) Growth in gross domestic product — the nation’s output of a goods and services — decelerated from a 2.1% pace from January through March, the Commerce Department reported Wednesday. The second-quarter growth number was unchanged from the department’s first estimate. Still, consumer spending…...
Non-Mortgage Delinquency Growth Slows in Second Quarter, but Ontario Homeowners Remain Under Pressure
1+ week, 21+ min ago (554+ words) TORONTO, Aug. 24, 2026 (GLOBE NEWSWIRE) — Equifax® Canada’s Q2 2026 Market Pulse Quarterly Consumer Credit Trends and Insights reveals that total Canadian consumer debt rose to $2.68 trillion, a 4.18 per cent increase compared to Q2 2025 and a 1.3 per cent rise from the previous quarter. Mortgage Holders…...
Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged — for now
1+ mon, 2+ day ago (629+ words) Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest rate unchanged. Members of the central bank’s rate-setting committee may not be so reluctant to act when they gather again next Sept. 15-16. Inflation has been…...
Amid ongoing trade tensions, tariffs force Hamilton businesses to adapt
1+ mon, 5+ day ago (952+ words) Latest markups could apply to everything from alcohol and baking materials to certain textiles and plants. Ryan Moran, founder of local watch company Locke & King, told The Spectator his business in the U.S. “all but dropped off” last year as tariffs…...
Americans rewire their grocery shopping routines while digesting the biggest price jump in 50 years
1+ mon, 6+ day ago (202+ words) Apral Jack orders deli meat at Stop&Shop in Lexington, Mass., Monday, July 6, 2026. (Maggie Scales/The Lexington Observer via AP) Ada Torres holds tomatoes while shopping for produce, Thursday, July 2, 2026, in Cleveland, Texas, about 45 miles northeast of Houston. (Sandy Guatibonza…...
Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation
1+ mon, 4+ week ago (369+ words) In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they’d be disappointed. We’re going to deliver price stability.” The Fed typically combats inflation…...
Europe’s central bank head defends its recent rate hike to fight inflation
2+ mon, 1+ day ago (345+ words) ECB head Christine Lagarde said Monday that without the quarter percentage-point increase, inflation could have lingered above the bank’s 2% target into 2028. “Some have characterized our rate increase earlier this month as an ‘insurance hike,’” Lagarde said. “I’m sorry to disappoint…...
These economists are worried Canada has a data quality problem
2+ mon, 6+ day ago (1049+ words) Signage marks the Statistics Canada offices in Ottawa on July 21, 2010. THE CANADIAN PRESS/Sean Kilpatrick OTTAWA - Most economists, including at the Bank of Canada, were a bit surprised when Statistics Canada reported late last month that the economy contracted slightly…...