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Annual inflation rate hits 4.8% in Canada, highest since 1991
The annual pace of inflation climbed in December to its highest rate since 1991, Statistics Canada says.
19 Jan 2022 | Economy -
Businesses indirectly hit in lockdowns slipping through cracks of COVID supports
Two years into the COVID-19 pandemic, government responses still have gaps that fail to include some small businesses hit hardest by lockdowns and renewed restricti…
19 Jan 2022 | Economy -
Homebuilding slows as housing supply hits record low in Canada, data shows
Statistics released this week from Canadian real estate authorities show that while the country’s stock of available homes for sale sits at record lows, the pace of…
18 Jan 2022 | Economy -
Canadian home sales set new record in 2021, topping previous high by 20%: CREA
The Canadian Real Estate Association says annual home sales reached a new high in 2021, eclipsing the previous record set in 2020 by about 20 per cent.
17 Jan 2022 | Economy -
COVID-19 vaccines still mandatory for Canadian cross-border truckers, feds say
Truck drivers crossing into Canada from the United States will indeed need to be fully vaccinated against COVID-19 starting Saturday, despite a statement sent “in e…
13 Jan 2022 | Economy -
Lack of clarity on vaccine rules at U.S. border leaves trucking industry idling
Canada’s trucking industry is stuck in neutral Thursday awaiting confirmation about a possible change to vaccination requirements at the U.S. border after a late-ni…
13 Jan 2022 | Economy -
Ontario in last place when it comes to Canada’s already low housing stock
Ontario is the worst offender among Canadian provinces when it comes to the lack of sufficient housing stock, according to a new analysis from Scotiabank Economics.
12 Jan 2022 | Economy -
Truckers warn vaccine mandate at U.S. border could worsen supply chain issues
New rules coming into effect Saturday mandating COVID-19 vaccinations for truck drivers crossing the Canada-U.S. border could compound supply chain issues in a sect…
11 Jan 2022 | Economy -
Overseas Canadian firms being probed for corruption: RCMP
RCMP anti-corruption investigators say they are probing possible shady practices by several Canadian companies operating in parts of Africa, Eastern Europe and Sout…
08 Jan 2022 | Economy -
‘It’s a tsunami’: Why finance is ‘going green’ and what you should know about it
From extreme floods in British Columbia, to severe storms in Toronto and in Atlantic Canada, many Canadians experienced a year of climate-fueled weather havoc in 20…
07 Jan 2022 | Economy -
Federal documents warn of sweeping implications if ‘digital loonie’ adopted
Internal government documents show Finance Department officials believe there could be sweeping implications for the economy if the Bank of Canada ever issued its o…
03 Jan 2022 | Economy -
Consider a New Year’s resolution to freeze your spending in January and reset your financial habits: experts
Personal finance author Melissa Leong has a lofty New Year’s resolution: a moratorium on buying extras for 21 days in January. Think of it as Dry January, but for s…
29 Dec 2021 | Economy -
Feds silent as key U.S. senator Manchin turns down Biden’s EV tax credit bill
The Prime Minister’s Office isn’t saying anything about a key U.S. senator’s decision to put President Joe Biden’s controversial electric-vehicle incentives on ice.
19 Dec 2021 | Economy -
Liberals get all their priority legislations passed before Christmas break
Senators have speedily passed legislation to provide federally regulated workers with 10 days of paid sick leave and to protect health-care workers from harassment …
17 Dec 2021 | Economy -
Biden’s EV tax credits will look different if implemented, say industry experts
The tax-credit scheme that President Joe Biden is proposing to encourage U.S. consumers to buy more electric vehicles might never be implemented in its current form…
17 Dec 2021 | Economy -
Homebuyers won’t face tougher mortgage stress test, regulator says
The federal banking regulator is keeping the interest rate used in a key stress test for uninsured mortgages on hold.
17 Dec 2021 | Economy -
Bank of England becomes 1st major central bank to raise rates since COVID began
The Bank of England on Thursday became the world’s first major central bank to raise interest rates since the coronavirus pandemic hammered the global economy, and …
16 Dec 2021 | Economy -
Canada’s average home price up nearly 20% year-over-year in November: CREA
The Canadian Real Estate Association says home sales in November edged up on a month-over-month basis.
15 Dec 2021 | Economy -
Canada’s annual inflation rate holds steady in November at 4.7%
Statistics Canada says the annual pace of inflation held steady in November as the consumer price index rose 4.7 per cent compared with a year ago.<br aria-hidden="true"/><br aria-
15 Dec 2021 | Economy -
Canada’s deficit lower than expected but Omicron, B.C. floods eat into windfall
The Liberals have found themselves with a financial windfall amid an economic rebound, though the extra room is largely spoken for thanks to COVID-19 measures and r…
14 Dec 2021 | Economy -
Omicron uncertainty clouding Canada’s inflation forecasts: fiscal update
Uncertainty about the potential effects of the rapidly spreading Omicron variant are clouding the federal government’s forecasts for when soaring inflation and supp…
14 Dec 2021 | Economy -
Highlights from Liberals’ fiscal update: What you need to know
Finance Minister Chrystia Freeland released a fall economic statement today that outlined a better-than-expected economic rebound, but also billions more in spendin…
14 Dec 2021 | Economy -
Liberals to provide fiscal update, future outlook for Canadian economy today
Finance Minister Chrystia Freeland plans to release an updated accounting of federal finances today and provide the government’s economic outlook for the coming mon…
14 Dec 2021 | Economy -
What the Bank of Canada’s renewed mandate means for inflation, housing
The wording of the Bank of Canada’s new mandate has changed but the substance of it remains essentially the same, several economists say.
13 Dec 2021 | Economy -
Apple nears $3 trillion market valuation as success-streak continues
Apple Inc’s market value hovered just shy of the $3 trillion mark on Monday, following a stunning run over the past decade that has turned it into the world’s most …
13 Dec 2021 | Economy -
Liberals to outline new Bank of Canada inflation measures
The federal government is scheduled today to unveil the Bank of Canada‘s marching orders that will guide its inflation-targeting regime for the next five years.
13 Dec 2021 | Economy -
Liberals under pressure to balance budget and policy asks in fiscal update
The Trudeau Liberals are set to unveil an update on the health of federal finances and its outlook for the economy while facing competing demands on benefits, taxes…
12 Dec 2021 | Economy -
U.S. inflation rose at its fastest annual rate since 1982 last month
Prices for U.S. consumers jumped 6.8 per cent in November compared with a year earlier as surging costs for food, energy, housing and other items left Americans end…
10 Dec 2021 | Economy -
Bank of Canada sees no clear end to supply chain issues
A senior Bank of Canada official says the central bank isn’t sure when supply-chain issues will work themselves out and ease inflationary pressures.
09 Dec 2021 | Economy -
Opposition MPs to review $7.4B pandemic aid bill, grill Freeland on economy
Opposition MPs are getting ready to review the Liberals’ latest package of pandemic aid and grill Finance Minister Chrystia Freeland about myriad economic issues.
05 Dec 2021 | Economy -
Trudeau government’s fiscal update will be ‘limited in scope,’ source says
Canadian Prime Minister Justin Trudeau’s government will deliver new fiscal and economic projections later this month but fresh investments will be “limited in scop…
02 Dec 2021 | Economy -
U.S. trade concerns send trade minister back to Washington as MPs debate solutions
Canada’s trade minister has headed back to the U.S. capital for discussions on festering trade irritants, just two weeks after joining Prime Minister Justin Trudeau…
02 Dec 2021 | Economy -
Boeing is out of the running to replace Canada’s fighter jet fleet
The federal government has confirmed Boeing‘s Super Hornet fighter jet is out of the running to replace Canada’s CF-18s.
01 Dec 2021 | Economy -
Boeing told that its fighter jet fails to meet criteria for $19-billion contest: sources
The federal government has told Boeing that its bid to replace Canada’s aging CF-18s with a new fleet of the American company’s Super Hornet fighter jets did not me…
25 Nov 2021 | Economy -
Freeland says Canada may retaliate against U.S. softwood lumber duty rate
Canada is prepared to retaliate against an American increase of duties on Canadian softwood lumber producers, Deputy Prime Minister Chrystia Freeland said Thursday.
25 Nov 2021 | Economy