Canada Economy
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Canadian businesses say housing crisis is forcing them to boost pay: surveyA new survey from KPMG Canada found 94 per cent of respondents agreed that high housing costs and a lack of supply are the top risk to the economy.EconomyMar 27
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COVID came with career setbacks for many 2020 postsecondary grads: StatCanThe onset of the COVID-19 pandemic came with career setbacks for many Canadians who graduated from postsecondary schools that year, new data shows.CanadaMar 22
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Canadian, U.S. companies start 2024 with layoffs. What to knowCompanies in the U.S. and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist.EconomyMar 7
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RBC, National Bank report higher profits. What to knowRoyal Bank of Canada and National Bank of Canada were the latest big banks to report earnings on Wednesday. Here is what their reports show.CanadaFeb 28
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Scotiabank beats profit estimates on interest income strength, BMO missesScotiabank on Tuesday beat estimates for its first-quarter profit, helped by robust growth in interest income, while BMO fell short due to bigger loan-loss provisions.EconomyFeb 27
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Canada adds an unexpected 37K jobs in January. Will rate cuts be delayed?The gains, which were above some analyst expectations, were mostly driven by part-time work, and were well above the 10,000 jobs RBC predicted Canadian employers would add.EconomyFeb 9
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Why a strong U.S. economy might delay rate cuts in CanadaA strong U.S. economy could keep interest rates higher for longer south of the border, which experts say also has ramifications for the Bank of Canada's rate path.EconomyFeb 1
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Canada’s economy got a lift late last year. Why that might delay rate cutsThe national economy snapped a streak of flat growth in November and showed signs of gaining steam heading into the end of 2023, Statistics Canada says.EconomyJan 31
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Canada hit technical recession in 2023, small business group forecastsThe Canadian Federation of Independent Business is forecasting that the economy contracted in the fourth quarter, potentially marking a technical recession.EconomyJan 23
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Flow of temporary residents key to Canada’s economic fate: DesjardinsCanada's economy has benefitted from non-permanent residents in recent years, Desjardins says, but efforts to stem the flow of temporary workers could deepen a forecasted downturn.EconomyJan 11
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