News
CHARLEBOIS: Trade uncertainty back on menu after top U.S. court ruling
2+ hour, 6+ min ago (183+ words) What we now face instead is fluidity. And fluidity, in trade policy, is far more destabilizing The U.S. Supreme Court's unsurprising decision to strike down President Donald Trump's emergency-based tariffs may, paradoxically, make things more complicated for Canada " not less. It…...
BILD: Ontario’s housing slowdown is a full-blown economic emergency
2+ week, 3+ day ago (655+ words) Situation has dire consequences for employment, future housing supply, government revenues and the province's economic outlook New home construction has long been a cornerstone of Ontario's economy, supporting hundreds of thousands of jobs, generating billions in economic activity and tax…...
Canada on recession watch, economy on 'life support': Economist
2+ week, 4+ day ago (570+ words) Despite cuts to interest rates from a high of 5% in 2024, Canada's per capita gross domestic product is still failing The Bank of Canada needs to cut interest rates further as Canada is in recession watch and its economy is on…...
Bank of Canada holds interest rate at 2.25%
3+ week, 4+ day ago (310+ words) The central bank projects inflation to hold at around its 2% target As many economists had predicted, the Bank of Canada held its policy interest rate at 2.25% on Wednesday. Governor Tiff Macklem said the central bank's forecast for economic growth and…...
Bank of Canada expected to keep key rate steady this week — and maybe all year long
3+ week, 6+ day ago (788+ words) Central bank to make its first interest rate decision of the year on Wednesday OTTAWA " Many economists expect no change in the Bank of Canada's benchmark interest rate later this week " and, possibly, for the rest of the year. The…...
Ratehub.ca predicts stable year on mortgage rate front
1+ mon, 56+ min ago (595+ words) Variable mortgages expected to grow in popularity as variable rates come in lower than fixed The economic chaos erupting everywhere be it from threats by a certain politician to acquire Greenland or the uncertainty that the threat of rising tariffs…...
EDITORIAL: Judging Mark Carney on the cost of food
1+ mon, 3+ day ago (397+ words) According to Statistics Canada data on December's food inflation rate, PM gets failing grade Following his cabinet swearing-in ceremony in May, Prime Minister Mark Carney said one way for Canadians to judge the performance of his government would be "by…...
Economists expect inflation held steady in December despite ’tax holiday’ disruption
1+ mon, 6+ day ago (186+ words) One economist says he expects inflation went up last month OTTAWA " Economists will be sorting through plenty of noise in the annual inflation figures when Statistics Canada releases fresh price data for December on Monday. A Reuters survey of economists…...
Wall Street CEOs warn Trump: Stop attacking the Fed and credit card industry
1+ mon, 1+ week ago (567+ words) CEOs warned that Trump's actions will do more harm than good to the American economy NEW YORK " Up until this week, Wall Street has'generally benefited'from the Trump administration's policies and has been supportive of the president. That relationship has suddenly…...
CHARLEBOIS: McDonald’s price freeze fuelling full-scale price war
1+ mon, 1+ week ago (282+ words) Decision by country's largest quick-service restaurant player will create ripple effects across entire supply chain The reaction from competitors was immediate. Burger King and Wendy's are already leaning harder into value bundles and limited-time discounts. When McDonald's moves, the entire…...