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Trump ceasing all trade talks with Canada 'effective immediately,' warns he will impose tariff rate
The decision to halt negotiations with Canada immediately is expected to impact cross-border trade and may lead to the introduction of tariffs, affecting industries such as agricul...
Read Full Article →Shrinking GDP may not be enough for the Bank of Canada to start cutting rates again
The recent economic contraction presents a complex situation for monetary policy, as it may not provide sufficient justification for the central bank to lower interest rates in the...
Read Full Article →Canada's economy starts to lose momentum
Canada's recent decline in economic activity, marked by decreasing output in consecutive months, indicates a potential overall reduction in economic growth for the current quarter.
Read Full Article →Posthaste: Why more economists think the Bank of Canada is done cutting interest rates
Many experts now believe the central bank is unlikely to lower borrowing costs further, reflecting expectations that current monetary policy may remain stable to support economic c...
Read Full Article →Jobless rate to hit 7.3% as tariffs bite: Deloitte
Rising unemployment, influenced by increased trade restrictions, could slow economic growth and impact consumer spending, signaling potential challenges for businesses and overall...
Read Full Article →Bought gold bars from Costco in 2023? Here’s how much they're worth now
The value of gold purchased from Costco in 2023 has increased notably, with the current price for one ounce reaching $4,590.85 as of June 25, reflecting market fluctuations.
Read Full Article →Bank of Canada's inflation worries linger
The persistent concerns about rising prices in Canada highlight ongoing challenges for monetary policy and economic stability, potentially influencing interest rates and consumer s...
Read Full Article →Decathlon to shutter five GTA locations this summer
The closure of five stores in the Greater Toronto Area is expected to impact the company’s regional revenue streams and operational costs throughout the upcoming fiscal period.
Read Full Article →Posthaste: Canada is in for a rough couple of quarters, say economists
Economists forecast a brief economic downturn in Canada, with unemployment rising to approximately 7.3%, before a gradual recovery strengthens financial conditions in the following...
Read Full Article →B.C. pension giant taps uncertainty in market to ink 45 deals in six months
The pension fund capitalized on market volatility to complete numerous transactions, while reducing its exposure to U.S. assets and achieving a 10% return that fell short of its ta...
Read Full Article →Ontario and Quebec economies to be hardest hit this year by trade war: Deloitte
Economic challenges from increased tariffs are expected to disproportionately affect Ontario and Quebec, whereas provinces with strong energy sectors are likely to experience more...
Read Full Article →Carney says Canada can reach new $150 billion NATO bill with mines
Canada’s abundant supply of essential minerals could help the nation fulfill a potentially increased NATO expenditure target, which may amount to five percent of its gross domestic...
Read Full Article →Economists split on what inflation numbers mean for Bank of Canada rate cut
Financial experts are divided on how recent inflation data might influence the Bank of Canada's decision regarding interest rates, especially given concerns about potential tariff-...
Read Full Article →Canada's inflation rate holds steady at 1.7% in May
Canada's stable inflation rate in May reflects moderating housing costs, which contributed to maintaining overall price increases at a controlled level, impacting consumer expenses...
Read Full Article →Canada's digital services tax is 'needlessly inflammatory' during trade talks with U.S.
The upcoming payments by U.S. technology firms under Canada's new digital services levy mark a notable development in tax policy that could influence ongoing negotiations between t...
Read Full Article →Danielle Smith expects new oil pipeline proposal within weeks
The proposed oil pipeline to the west coast could significantly impact Canada's energy sector by potentially increasing export capacity and opening new markets for crude transporta...
Read Full Article →David Rosenberg: How did the Canadian market hit a new record? Gold exposure has helped
The Canadian market reached a new high partly due to increased gold investments, which have gained value amid ongoing supportive economic and geopolitical factors influencing the s...
Read Full Article →Where the Canadian dollar and oil prices are headed: FP video
The fluctuations in the value of the Canadian currency and changes in crude oil rates can have important economic impacts, influencing trade balances, investment decisions, and gov...
Read Full Article →'Grisly' May retail sales drop of 1.1% could point to Bank of Canada restarting rate cuts
The unexpected decrease in retail sales during May may influence the Bank of Canada’s decision-making regarding interest rates, potentially leading to a reduction to support econom...
Read Full Article →Charles St-Arnaud: Carney's 'One Canadian Economy' a much-needed move in the right direction, but qu...
A comprehensive investment strategy aimed at unifying economic efforts across Canada could play a crucial role in revitalizing the country’s overall financial stability and long-te...
Read Full Article →Carney announces new measures to protect Canada's steel and aluminum industries
The government plans to implement limits on imported steel and explore additional tariff options to support domestic producers amid economic challenges stemming from U.S. trade pol...
Read Full Article →'We are not seeing inflation in our business,' Empire CEO says
Empire CEO Michael Medline stated that the company’s financial performance has not been impacted by rising grocery costs, indicating a steady pricing environment within their opera...
Read Full Article →Federal deficit estimated to hit $46 billion in 2024-25: PBO
The projected shortfall for 2024-25 reflects increased government income primarily driven by gains in corporate tax collections and additional revenues from imposed tariffs.
Read Full Article →Bank of Canada governor warns consumer prices will rise if tariffs not lifted
The Bank of Canada governor emphasized that maintaining tariffs could increase inflation, highlighting that a trade agreement with the U.S. plays an important role in supporting em...
Read Full Article →Job vacancies slump as tariffs push some sectors below pre-pandemic levels
A decline in job openings by 3.8 percent in early 2024 reflects economic challenges linked to trade restrictions, impacting employment opportunities across various industries compa...
Read Full Article →Bank of Canada's future path for interest rates still cloudy
The central bank’s decision to pause interest rate changes reflects ongoing uncertainty about inflation trends and their impact on the economy, influencing financial markets and bo...
Read Full Article →Posthaste: What does the TSX's record run say about the economy? Maybe not as much as you'd hope
Canada's stock market has recently surpassed major international indices, reflecting notable investment activity that may not directly indicate broader economic strength or stabili...
Read Full Article →Trump says he still favours tariffs against Canada as negotiators sit down at G7
The ongoing discussions highlight the potential impact of trade policies on economic relations between the U.S. and Canada, emphasizing the importance of tariff decisions for both...
Read Full Article →Canadian home sales rise for the first time in more than six months
The recent increase in Canadian residential property transactions could signal a shift in the real estate sector, potentially impacting economic activity and market confidence movi...
Read Full Article →Posthaste: Canadians looking for more interest rate relief might be out of luck
According to RBC, the Bank of Canada has likely concluded its interest rate reductions, which could impact Canadians hoping for lower borrowing costs in the near future.
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