Canada Economy News
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Inflation, COVID-19 holding Canadians back from holiday travel, poll suggestsOf 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.CanadaNov 10, 2022
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Canada’s economy grew 0.1% in August, StatCan saysStatistics Canada's preliminary estimate for August released last month suggested real GDP was essentially unchanged for the month.CanadaOct 28, 2022
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Ottawa posts a surplus of $10.2B in 1st quarter of fiscal yearRevenue 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.CanadaAug 26, 2022
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Ottawa cut deficit down to $69.8B during most of last fiscal yearIn 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.EconomyApr 29, 2022
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Retail sales fell 2.1% in December amid Omicron, early estimates showStatistics Canada says sales in November climbed in six of 11 subsectors, representing nearly 63.8 per cent of retail trade.EconomyJan 21, 2022
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A Roaring 20s economic rebound for Canada depends on these thingsPent-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.MoneyMar 31, 2021
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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.EconomyMar 10, 2021
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Bank of Canada tracking supply, consumer demand for next economic outlookIn July, the central bank will release an updated economic outlook for the country and make its next interest rate announcement.EconomyJun 4, 2020
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Canada’s coronavirus response can shift economy’s direction to low-carbon: expertsAnalysts are saying that Canada could hasten its recovery and position itself for a low-carbon economy by the end of the COVID-19 pandemic.EconomyApr 5, 2020
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