Canada Economy News

• Inflation, COVID-19 holding Canadians back from holiday travel, poll suggests

  Of the 1,001 Canadians surveyed, 77 per cent said they’re comfortable travelling within Canada over the holidays, while 55 per cent said the same for international travel.

  Canada

  Nov 10, 2022
  
• Canada’s economy grew 0.1% in August, StatCan says

  Statistics Canada's preliminary estimate for August released last month suggested real GDP was essentially unchanged for the month.

  Canada

  Oct 28, 2022
  
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• Ottawa posts a surplus of $10.2B in 1st quarter of fiscal year

  Revenue was up $18.7 billion, or nearly 21 per cent, while program expenditures fell by $29 billion or 25 per cent largely due to lower transfers to individuals and businesses.

  Canada

  Aug 26, 2022
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• Ottawa cut deficit down to $69.8B during most of last fiscal year

  In its monthly fiscal monitor report, the Finance Department says the tally compared with a deficit of $282.6 billion for the same period of 2020-21.

  Economy

  Apr 29, 2022
• Retail sales fell 2.1% in December amid Omicron, early estimates show

  Statistics Canada says sales in November climbed in six of 11 subsectors, representing nearly 63.8 per cent of retail trade.

  Economy

  Jan 21, 2022
• A Roaring 20s economic rebound for Canada depends on these things

  Pent-up demand for social interaction, plus record savings during COVID-19, could fuel an economic bump reminiscent of the Roaring 20s, a growing number of economists say.

  Money

  Mar 31, 2021
• Bank of Canada keeps key interest rate steady at 0.25%

  Governor Tiff Macklem has said the rate won't move from the lower effective bound until an economic recovery is well underway, which the bank doesn't expect to happen until 2023.

  Economy

  Mar 10, 2021
• Bank of Canada tracking supply, consumer demand for next economic outlook

  In July, the central bank will release an updated economic outlook for the country and make its next interest rate announcement.

  Economy

  Jun 4, 2020
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• Canada’s coronavirus response can shift economy’s direction to low-carbon: experts

  Analysts are saying that Canada could hasten its recovery and position itself for a low-carbon economy by the end of the COVID-19 pandemic.

  Economy

  Apr 5, 2020