News
Is Canada in a recession? What to know after a volatile week of economic data
2+ hour, 9+ min ago (1361+ words) Posted June 7, 2026 1: 25 pm. 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…...
Street festival organizers see high costs this year in Toronto
20+ hour, 28+ min ago (634+ words) Posted June 6, 2026 9: 33 pm. As Toronto gears up for another year of street festivals, organizers say rising costs are putting increasing pressure on festival budgets. "We could always use more. It is really hard," said Anah Shabbar, managing director of Do…...
Statistics Canada set to release jobs data for May this morning
2+ day, 12+ hour ago (326+ words) Posted June 5, 2026 4: 00 am. OTTAWA " Statistics Canada is expected to release its labour market report for the month of May this morning. The consensus among economists polled by Reuters shows they're anticipating employers added 10, 000 positions last month, after a loss of…...
Too soon to call recession, rules Canadian authority on economic downturns
2+ day, 11+ hour ago (374+ words) Posted June 5, 2026 6: 00 am. OTTAWA " The unofficial authority on recession calls in Canada says it's too soon to use that word to describe the sluggish economy. Debate has raged on Parliament Hill over whether the country is in a recession since…...
Fertilizer cost expected to drive food price surge in Canada
3+ day, 6+ hour ago (1481+ words) Posted June 4, 2026 11: 54 am. Somewhere between a narrow stretch of Persian Gulf passage and the bottle of canola oil in your grocery cart, costs are going way up." The Strait of Hormuz closure has sent fertilizer prices soaring. Right now, that's…...
How high pandemic-period immigration papered over the cracks in Canada's economy
3+ day, 12+ hour ago (891+ words) Posted June 4, 2026 4: 00 am. OTTAWA " Prime Minister Mark Carney has said that lower immigration under his government helps to explain why Canada's economy has declined for the last two quarters, pushing it into recession territory. While Carney has not said the…...
Carney talks 'technical recession"
4+ day, 23+ hour ago (169+ words) No injuries have been reported as a "very stubborn" industrial fire continues to burn in Brampton. The temperatures will be warming up towards the end of the week but rain is expected this weekend. Meteorologist Jessie Uppal has your seven-day…...
Carney says economic plan 'settling in' after Canada enters recession territory
5+ day, 7+ hour ago (343+ words) By The Canadian Press Staff Posted June 2, 2026 9: 54 am. OTTAWA " Prime Minister Mark Carney says the government's plan to build up the economy is "settling in" as work continues on getting major projects built and expanding non-U. S. trade relationships. These are…...
Iran's inflation hits World War II levels, deepening economic pain
5+ day, 9+ hour ago (634+ words) Posted June 2, 2026 7: 27 am. A report Monday by Iran's Central Bank represents the first official acknowledgment of what Iranians shopping, paying for a taxi or visiting a medical clinic already know: The rial currency is battered by the war and uncertainty…...
What is a technical recession and what does it mean for Canadians?
1+ week, 2+ day ago (264+ words) Rescuers stopped for the night as they evaluated the condition of the remaining four. Erica Natividad with the challenges posed by the cave environment. China's foreign minister is in Ottawa for the first time in 10 years. It's a significant opportunity…...