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Even though the most recent GDP reports flirt with a technical recession, the Bank of Canada and several economists aren't ready to declare one formally just yet.

Governor Tiff Macklem at the Bank of Canada said Wednesday that the economy is weak, but "not clearly in recession" after the central bank left interest rates unchanged.

Several economists believe the Bank of Canada is more likely to raise borrowing rates in the coming months than provide a cut.

The global economy is 'volatile' and 'vulnerabilities' exist that could expose Canada to potential shocks on multiple fronts, the central bank's report says.

Geopolitical tensions are now considered a bigger risk risk to Canada's economic productivity than trade conflict with countries like the U.S, according to the latest survey data.

Canada’s inflation rate inched higher to 2.4 per cent in March, compared with 1.8 per cent in February, led largely by fuel costs amid the Iran war.

This is the lowest level since the series began in 2023, also coming at a time when 'concerns around trade tensions and tariffs were at a peak.'

The Business Development Bank of Canada report found Canadians are prioritizing domestic travel this year to save money, which could inject billions of dollars into the economy.

Monday’s relief package will be broken up into two parts, the first one being $1 billion in loans by the Business Development Bank of Canada.

Co‑signing is more common among first‑time buyers who are younger and who have lower credit scores and lower incomes, the Bank of Canada said.

Bank of Canada Governor Tiff Macklem says while there's been a fair amount of discussion about Antrhopic's Mythos, no one knows yet the full implications of this latest AI advance.

Co‑signing is more common among first‑time buyers who are younger and who have lower credit scores and lower incomes, a Bank of Canada report added.

Canada's biggest private banks are reporting quarterly earnings this week, and the first three have signalled they are continuing to set aside money in case some loans default.

According to the U.S. News Best Countries ranking, Canada ranked 19th overall on the list for 2025, while the United States ranked 18th.

Debate has raged on Parliament Hill over whether the country is in a recession since Statistics Canada reported last week that the economy shrank for two quarters in a row.

The Bank of Canada is set to update interest rates on Wednesday as the Iran war brings a dark cloud over the Canadian economy and ahead of Ottawa's expected spring fiscal update.

The federal government previously said prohibited firearms must be disposed of or deactivated by the end of an amnesty period on Oct. 30.

The Bank of Canada held its benchmark lending rate at 2.25 per cent, but Governor Tiff Macklem is keeping an eye on how the Iran war could impact Canada's economy.

The proposed social media ban for youth under 16 would mirror action first taken in Australia, where the measure took effect last December.

Canada joined eight allied countries in condemning Israeli settlement expansion in the occupied West Bank amid rising violence and tensions in the territory.