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What is a technical recession and what does it mean for Canadians?
2+ hour, 30+ min 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…...
Canada in a technical recession as economy stalls, Stat Can says
7+ hour, 30+ min ago (12+ words) City News Toronto...
Poilievre says Carney's policies to blame for Canada dipping into recession territory
4+ hour, 35+ min ago (276+ words) Posted May 29, 2026 1: 14 pm. OTTAWA " Conservative Leader Pierre Poilievre says Prime Minister Mark Carney's policies are to blame for Canada entering recession territory. Statistics Canada says the economy contracted slightly for the second quarter in a row to start the year,…...
Ottawa posts $55. 3 B deficit for 2025-26 fiscal year, based on monthly fiscal monitor
6+ hour, 51+ min ago (311+ words) Posted May 29, 2026 11: 00 am. OTTAWA " The federal government posted a deficit of $55. 28 billion for its 2025-26 fiscal year compared with a $43. 15-billion deficit a year earlier, according to the Finance Department's monthly fiscal monitor report. The department cautioned the figures were not…...
Stat Can to reveal early economic impacts of Iran war in first quarter GDP report
12+ hour, 52+ min ago (349+ words) Posted May 29, 2026 4: 00 am. OTTAWA " Statistics Canada will reveal this morning how ongoing tariffs and the start of the Iran war affected the economy in the first quarter of the year. The agency's initial estimates suggest the economy rebounded somewhat after…...
Bank of Canada sees financial system resilience despite global turbulence
1+ day, 7+ hour ago (283+ words) Posted May 28, 2026 10: 08 am. OTTAWA " The Bank of Canada says the financial system has proven resilient after a turbulent year but officials at the central bank warn risks are mounting on the world stage. The bank released its annual financial stability…...
Tim Hortons scaling back reliance on temporary foreign workers, committed to 'local' hiring
4+ day, 2+ hour ago (457+ words) Posted May 25, 2026 3: 15 pm. Tim Hortons says it is scaling back its reliance on temporary foreign workers, citing the easing of "acute labour shortages" that stemmed from the COVID pandemic. The restaurant chain made the announcement in a release on Monday…...
Higher sales at gas stations as prices rise boost retail sales in March
1+ week, 6+ hour ago (533+ words) Posted May 22, 2026 9: 01 am. Retail sales rose 0. 9 per cent to $72. 7 billion in March as higher gas prices boosted overall sales for the month, Statistics Canada said on Friday. Sales at gas stations and fuel vendors rose 12. 4 per cent as the attack…...
Inflation rises to 2. 8% in April thanks to higher gas prices: Stat Can
1+ week, 3+ day ago (733+ words) Posted May 19, 2026 6: 19 am. OTTAWA " Higher gas prices driven mainly by the war in Iran pushed the annual rate of inflation up to 2. 8 per cent in April, Statistics Canada said Tuesday " the fastest pace of price hikes in almost two years....
Economists expect inflation topped 3% in April as gas prices soared
1+ week, 5+ day ago (1009+ words) Posted May 17, 2026 6: 00 am. OTTAWA " Economists expect the annual pace of inflation topped three per cent for the first time since 2023 in April as Statistics Canada's consumer price index reflects the full weight of the Iran war energy shock. The agency…...
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