Brexit uncertainty not a problem for Canada, but will hurt global economy: Morneau
According to Statistics Canada data, Canada sends around just three percent of its exports to Britain. Continue reading
Canadian Economy
Oil-price rout doubles Canada’s trade deficit to $2.1B in November
Plunging crude prices were the main reason for the widening deficit, but the bad news extends beyond the energy sector. Continue reading
Canadians today feel worse about their finances than they have in 3 years, poll shows
By Jesse Ferreras Online Journalist
Canadians aren’t optimistic about their financial situations as they expect the costs of most expenses to mount next year. Continue reading
LNG Canada partner Petronas cuts natural gas output due to plunging prices
Malaysian-owned Petronas, which has a 25 per cent interest in the $40-billion LNG Canada project, has been curtailing production by between 50 and 200 million cubic feet per day from wells in northeastern B.C. Continue reading
Canada’s GDP growth slows to 2% in third quarter
The slowdown was in line with economists’ expectations. Continue reading
Federal government not ‘speaking the same economic language of Albertans’: Finance minister
Alberta’s finance minister says Ottawa’s latest fiscal update shows the federal government doesn’t appreciate how badly the price squeeze on western Canadian crude is hurting the Canadian economy. Continue reading
Liberals not cutting corporate tax, instead reveal $16B plan to boost competitiveness with U.S.
The federal Liberals have come up with a $16-billion answer to Canada’s competitiveness concerns. Continue reading
U.S. automakers plead with Trump administration to end steel, aluminum tariffs
They also warned that potential U.S. national security tariffs on automotive imports would lead to widespread job losses. Continue reading
Canada’s GDP edged up a modest 0.1 per cent in August
Growth in mining and the financial industry helped the economy score its seventh consecutive month of growth, despite widespread declines in other sectors. Continue reading
Canada has the ‘capacity’ to handle a recession despite continued deficit: Morneau
Finance Minister Bill Morneau also said concerns about Canadian competitiveness will form a key plank of the upcoming fall economic update. Continue reading