Canada Economy
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Bank of Canada’s interest rate hikes are working to tame inflation: Tiff MacklemBank of Canada Governor Tiff Macklem argued that the rapid interest rate hikes from the central bank in the past year are working already to tame inflationary pressures.Economy2 hours
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Ontario’s economy to slow sharply, but rebound next year: fiscal watchdogThe Financial Accountability Office of Ontario says the province's economic growth is expected to slow sharply this year with a modest recovery beginning next year.Canada5 hours
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Immigration alone won’t help companies that are ‘starved’ for workers, experts sayWith the unemployment rate at historic lows, many companies are "starved" for workers, and new immigrants will help fill some of the need, one expert said.EconomyFeb 1
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Canada’s economy in for a ‘turbulent’ year, associate finance minister saysThe war in Ukraine and inflation are among the issues causing both uncertainty and economic harm in 2023, Canada's associate finance minister said Tuesday.EconomyJan 24
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Higher immigration levels could benefit smaller cities, research saysThe COVID-19 pandemic shifted migration patterns in Canada, sending people outside of major cities to work remotely even as international migration was stalled.EconomyJan 23
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S&P/TSX composite posts gain Friday; U.S. markets rally on techThe S&P/TSX composite index was up 161.77 points at 20,503.21.CanadaJan 20
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S&P/TSX composite slightly down, helped by energy stocks; U.S. markets fallCanada's main stock index edged lower Thursday, with losses in technology and industrials buoyed by energy stocks, while U.S. stock markets were also down.EconomyJan 19
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Recession will be ‘deeper’ than first thought, but job loss will be minimal: DeloitteThe Bank of Canada's interest rate hikes to date will push Canada into a 'deeper' recession than Deloitte first thought, but the finance firm still expects minimal job losses.EconomyJan 17
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Worldwide outlook on economic prospects gloomier than ever before: reportA total of 89% fear losing their job, 74% worry about inflation, 76% are concerned about climate change and 72% worry about nuclear war, the report found.EconomyJan 15
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All eyes on company forecasts rather than earnings this year, experts sayExperts say the upcoming earnings season will be overshadowed by the broader economic climate, with interest rates and inflation data more closely watched than company reports.EconomyJan 13
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