News
Oil shock manageable but prices reflect assumption that conflict will end soon: BMO
1+ day, 9+ min ago (456+ words) TORONTO " The dramatic upswing in energy prices is a shock but the global economy should be able to manage through current levels, said BMO experts Wednesday. Chief economist Doug Porter said Canada has just seen the largest monthly gasoline price…...
Manitoba gross domestic product growth modest in 2026: Deloitte
8+ hour, 31+ min ago (384+ words) Winnipeg -3" C, Partly cloudy A new report by Deloitte has downgraded its projection for Manitoba's gross domestic product growth in 2026. The professional services firm predicted in January the province's GDP will increase 1.4 per cent. Its latest economic outlook, released today,…...
Canada’s labour market is ‘static’ after a year of U.S. tariffs, population shift
10+ hour, 31+ min ago (1231+ words) Winnipeg -2" C, Partly cloudy OTTAWA - Thursday marks one year since U.S. President Donald Trump upended the global trading system with his "Liberation Day" duties " a major step in his wider tariff campaign that's hammered critical sectors of Canada's labour market. OTTAWA…...
German growth forecast cut as Europe scrambles to contain price shock from Iran war
1+ day, 3+ hour ago (607+ words) A group of five economic institutes predict German gross domestic product will expand by 0.6% this year " less than half the 1.3% they forecast in September " and by 0.9% in 2027, down from 1.4%. The economic outlook was below the government's own forecast, issued two…...
Canada's economy was 'surprisingly OK' to start 2026: economists
2+ day, 5+ hour ago (676+ words) OTTAWA " New data released by Statistics Canada suggests the economy was rebounding in the first few months of the year after a mild contraction to close 2025. The agency said on Tuesday real gross domestic product edged up 0.1 per cent in…...
Bank of Canada rethinking inflation framework amid persistent shocks: Rogers
1+ week, 1+ hour ago (299+ words) OTTAWA - A senior official at the Bank of Canada says the central bank is reconsidering how it thinks and talks about inflation as it prepares to review its mandate later this year. | Bank of Canada senior deputy governor Carolyn Rogers…...
High oil prices knock down stocks and erase Wall Street's hopes for a cut to interest rates
1+ week, 6+ day ago (792+ words) The S&P 500 fell 1.5% to close its fourth straight losing week, its longest such streak in a year. The Dow Jones Industrial Average dropped 443 points, or 1%, and the Nasdaq composite tumbled 2%. The market's losses deepened after oil prices erased an…...
How Poland went from post-Communist wreck to one of the world’s 20 biggest economies
2+ week, 3+ day ago (992+ words) It's a historic leap from the post-Communist ruins of 1989-90 to today's European growth champion that economists say has lessons on how to bring prosperity to ordinary people " and that the Trump administration says should be recognized by Poland's presence at…...
Statistics Canada set to publish fresh inflation data for February
2+ week, 3+ day ago (144+ words) OTTAWA " Fresh inflation data is expected out of Statistics Canada today." A Reuters poll predicted a drop in February's annual inflation rate to 1.9 per cent from 2.3 per cent in January." The inflation data will factor into the Bank of Canada's…...
Iran war adds new uncertainty to the Bank of Canada’s already clouded lens
2+ week, 5+ day ago (1012+ words) OTTAWA " The Bank of Canada will be balancing a last-minute flood of economic data with uncertainty around trade and war in the Middle East as it prepares to make its second interest rate decision of 2026 this week. Economists say the…...