Gas prices drive Canada’s inflation rate in July to highest point since 2011
The federal agency says the consumer price index for July was up 3.0 per cent on a year-over-year basis compared with a 2.5 per cent increase in June. Continue reading
Canadian Economy
Canada’s unemployment rate drops to 4-decade low at 5.8%
A rush of new part-time jobs offset a drop in full-time work last month to help Canada post a net gain of 54,100 positions and drop the national unemployment rate down to a four-decade low. Continue reading
Canada’s oil industry led economic growth in May — but will it continue?
Oil has been moving up steadily in the past year, reaching prices not seen since 2014, offering more reprieve to the beleaguered market. Continue reading
Cracks in Canada’s job market starting to show, finance minister warned
An internal federal analysis is forecasting job market moderation on the horizon following Canada’s extended period of healthy employment growth. Continue reading
Canadian economy grew 0.5% in May, prompting talk of a fall rate hike
The result, which was well above expectations, has economists discussing the possibility of an October interest rate hike by the Bank of Canada. Continue reading
Canada needs tax reform to boost competitiveness, OECD says
The Paris-based group said Canada’s economy is humming along but would benefit from a rethink on taxes. Continue reading
Canadian government vetoed almost 200 housing units to protect a thumb-sized frog
According to the Species At Risk Act, populations of western chorus frogs have declined by 37 per cent in Quebec and 30 per cent in Ontario over the past decade Continue reading
Canada adds nearly 32K jobs in June, raising the odds of a July 11 rate hike
The jobs report beat analysts’ expectations, increasing the likelihood that the Bank of Canada will lift interest rates once again at its next policy meeting. Continue reading
Canadian economy ekes out 0.1% gain in April
The result, though modest, was better than what analysts had expected. Continue reading
Danielle Smith: The U.S. economy is hot, ours is not, and politics is to blame
Danielle Smith posits that the difference between the economic performances of Canada and the U.S. have been a result of government policy and messaging. Continue reading
