News
Federal government reports deficit of $26.1B for its April-to-December period
3+ hour, 59+ min ago (191+ words) OTTAWA " The federal government posted a budgetary deficit of $26.14 billion for the April-to-December period of its 2025-26 fiscal year. In its monthly fiscal monitor, the Finance Department says the result compared to with deficit of $21.72 billion reported for the same period…...
Big Six banks beat expectations as economy pushes on despite uncertainty
1+ day, 6+ hour ago (694+ words) TORONTO " CIBC, Royal Bank of Canada and TD Bank Group all reported profits up from a year earlier on Thursday, boosted by trading revenue and other market-related gains even as some results hinted at pockets of stress beneath the surface....
Food inflation spiked 7.3% in January. Here's what's driving the increase
1+ week, 3+ day ago (1002+ words) OTTAWA " Statistics Canada reported an easing in the headline inflation rate Tuesday but a jump in the pace of food inflation amid tax changes and lingering pressures at the grocery store continue to put the squeeze on consumers. StatCan said…...
Food inflation expected to jump in January amid tax changes: economists
1+ week, 5+ day ago (641+ words) OTTAWA " Economists expect tax changes from a year ago will result in a year-over-year surge in food prices when Statistics Canada reports January inflation figures later this week. StatCan will publish its January consumer price index report on Tuesday, a…...