economy
51 articles in this section.
- Economy
War Brings Winter of Discontent for the World’s Workhorse Fuel
Higher diesel prices can lead to increased costs for goods and heating, straining household budgets.
Financial Post - Economy
Canada races for interim deal before Trump’s 50% tariffs inflame trade feud
Imposition of 50% tariffs would hit Canadian exporters hard, potentially leading to job losses and reduced economic growth.
National Post - Economy
Canada Races For Deal Before Trump’s 50% Tariff Inflames Feud
The tariffs could severely harm Canadian exports, leading to job losses and economic downturn.
Financial Post - Economy
Consumers using savings to pay for essentials and piling up debt: Equifax
Increased reliance on savings and debt can lead to long-term financial insecurity, especially for younger generations.
Global News - Economy
Government of Canada invests in Hanon Systems to strengthen Canada’s EV manufacturing sector
Creates jobs and stimulates local economies.
Government of Canada - Economy
1 in 3 Canadians say they’d cut insurance to save money, TD survey says
May face financial risk if they underinsure their assets or health.
Global News - Economy
Canada invests to connect Quebec critical minerals to market
The investment supports job creation and economic growth in the region, enhancing Canada's position in the global critical minerals market.
Government of Canada - Economy
Canada imposes provisional safeguard tariff on imports of wood cabinets and vanities to protect Canadian manufacturers and workers
Reduced competition from imports may help domestic producers maintain market share and protect jobs.
Government of Canada - Economy
Why spiking U.S. bond yields could be a big warning for the economy
Higher U.S. bond yields can influence global interest rates, potentially affecting Canadian borrowing costs and the Bank of Canada's monetary policy.
Global News - Economy
The federal government announces major milestone for the Crawford Nickel Project
The project is expected to create high-paying jobs and stimulate local economies, contributing to Canada's economic resilience.
Government of Canada - Economy
Tribunal Initiates Final Injury Inquiry—Certain Unarmoured Building Cables from China
A positive injury finding could lead to duties that protect domestic producers from unfair competition.
Government of Canada - Economy
U.S. Fed holds interest rate despite some dissents as inflation persists
U.S. interest rate decisions influence global financial markets, including Canadian bond yields and the value of the Canadian dollar, affecting trade and investment.
Global News - Economy
Fewer private sector workers have pensions. What does it mean for retirement?
Fewer private sector workers have guaranteed pension income, potentially leading to higher rates of elderly poverty and increased reliance on government programs like Old Age Security (OAS) and Guaranteed Income Supplement (GIS).
Global News - Economy
Bank of Canada publishes its 2027 schedule for policy interest rate announcements and other major publications
The schedule helps Canadians plan for potential changes in variable-rate mortgages and home equity lines of credit, as rate announcements can directly affect monthly payments.
Bank of Canada - Economy
Oil prices spike, global stock markets mixed as Iran war escalates
Higher oil prices can lead to increased fuel and energy costs, affecting household budgets.
Global News - Economy
Inflation cooled to 2.8% in June as gas prices fell, says StatCan
Lower inflation may ease cost-of-living pressures, though prices remain elevated compared to a few years ago.
Global News - EconomyMortgage impact
Bank of Canada holds rates at 2.25% as Iran war risks future hikes
A hold provides temporary relief, but the threat of future hikes means variable-rate borrowers could face higher payments later.
Global News - Economy
Canadians face ‘lifestyle shrinkflation’ as paycheques pinched: MNP data
Reduced discretionary spending can lower quality of life and increase financial stress.
Global News - Economy
Top East African Economy Kenya Plans Carbon Exchange by 2027
Provides a new revenue stream for Kenya and other East African nations through the sale of carbon credits, potentially funding conservation and sustainable development projects.
Financial Post - Economy
Economist proposes changes to equalization payments to ease provincial tensions
Tying payments to GDP could alter the fiscal landscape for provinces, potentially reducing the perceived unfairness and easing long-standing regional grievances, especially between Western Canada and the federal government/central Canada.
National Post - EconomySavings impact
Canadian savings deteriorate as spending outpaces income: report
A significant portion of Canadians are experiencing a decline in their savings and an increase in debt, making them more vulnerable to economic shocks like rising interest rates or asset value depreciation.
Financial Post Economy - EconomyMortgage impact
Bank of Canada Holds Key Interest Rate at 2.5% Amid Cooling Inflation
Variable mortgage rates stay put, giving buyers a clearer picture but little relief on affordability.
CBC News - Economy
IPOs help fuel $376 billion in Canadian dealmaking during the first half of 2026
The strong performance in the first half of 2026 indicates a potential recovery in Canada's capital markets after a period of stagnation, boosting investor confidence and encouraging further dealmaking.
Financial Post Economy - Economy
Bank of Canada publishes report on monetary policy framework consultations
The report enhances transparency by showing how public and stakeholder input is considered in shaping monetary policy, reinforcing the Bank's accountability to Canadians.
Bank of Canada - Economy
Inflation rose 3.2% as gas, food prices jump — with tomato prices up 45%
Higher inflation erodes the purchasing power of consumers, meaning their money buys less than it did previously. This can lead to reduced consumer spending and impact household budgets.
Global News - Economy
U.S. Fed holds interest rate again in 1st move under new chair
The Federal Reserve's interest rate decisions significantly influence global financial markets, affecting currency exchange rates, bond yields, and stock prices worldwide. Holding rates steady can provide short-term stability, but the possibility of future hikes creates uncertainty.
Global News - Economy
Canada’s economy is weak, but ‘not clearly in recession,’ Macklem says
The Bank of Canada's decision to hold interest rates suggests a cautious approach, balancing concerns about inflation with signs of economic slowdown. This impacts borrowing costs for consumers and businesses.
Global News - Economy
Bank of Canada maintains the policy rate at 2¼%
Maintaining the policy rate means that interest rates for mortgages, loans, and credit cards are likely to remain stable in the short term, providing predictability for consumers and businesses.
Bank of Canada - Economy
As consumers struggle, should the Bank of Canada hike, hold or cut rates?
A rate hike would increase borrowing costs for mortgages, loans, and credit cards, potentially further straining consumers. A rate cut would lower these costs, offering some relief.
Global News - Economy
How high immigration levels covered up underlying weakness in the economy
If high immigration has masked underlying economic weaknesses, it could mean that the true state of the economy is worse than official figures suggest, potentially leading to misinformed policy decisions.
Global News - Economy
Are we in a recession? ‘Be careful’ with indicators, says Bank of Canada
A formal recession declaration can impact consumer and business confidence, potentially leading to reduced spending and investment, further slowing the economy.
Global News - Economy
Bank of Canada says households struggling, economy vulnerable to shocks
Indicates that many Canadians may be facing increased financial pressure, potentially affecting spending, savings, and debt levels.
Global News - Economy
Bank of Canada joins BIS Project Agorá to test improvements in wholesale cross-border payments
Joining Project Agorá allows the Bank of Canada to contribute to and benefit from research into technologies that could make wholesale cross-border payments faster, cheaper, and more transparent.
Bank of Canada - Economy
Kevin Warsh sworn in as U.S. Fed chair facing inflation, policy pressures
The Federal Reserve's decisions on interest rates and monetary policy directly influence inflation, employment, and overall economic growth in the U.S., with ripple effects globally.
Global News - Economy
Legislators squabble in Manitoba following reported rise in inflation
Higher inflation means Manitobans' money buys less, impacting household budgets and the affordability of essential goods like groceries.
Global News - Economy
Motor oil prices are on the rise, experts say. The Strait of Hormuz is why
Rising crude oil prices directly translate to higher costs for motor oil, affecting consumers through increased fuel and maintenance expenses.
Global News - Economy
Higher gas prices pushed inflation up to 2.8% in April, says StatCan
Higher inflation can erode the purchasing power of consumers, potentially leading to reduced spending on non-essential goods and services.
Global News - Economy
U.S. consumer prices spiked in April as Iran war drove up energy costs
Higher energy costs directly increase household expenses, reducing purchasing power and potentially slowing consumer spending.
Global News - Economy
Geopolitical tension now seen as top economic risk in Bank of Canada survey
Heightened geopolitical risks can lead to supply chain disruptions, increased energy prices, and reduced investment, all of which can negatively impact Canada's economic productivity and stability.
Global News - Economy
Powell says he’ll stay at U.S. Fed after divided board holds interest rate
Powell's decision to stay on the board, despite facing political pressure and legal challenges, could be seen as a move to protect the independence of the Federal Reserve from political interference.
Global News - Economy
Soaring oil prices might force ‘consecutive’ rate hikes, Macklem warns
Consecutive interest rate hikes would make borrowing more expensive for Canadians, impacting mortgage payments, car loans, and other forms of debt.
Global News - Economy
Fewer Canadian firms were anticipating a recession before Iran war began
A decrease in recession expectations suggests that Canadian businesses may be feeling more optimistic about the near-term economic outlook, potentially leading to increased investment and hiring.
Global News - Economy
Bank of Canada announces the appointment of two Deputy Governors
The appointments ensure continued experienced leadership at the Bank of Canada, vital for maintaining stability and confidence in the Canadian economy.
Bank of Canada - Economy
Global financial systems must ‘come to grips’ with AI risks, BoC governor says
Unmanaged AI risks could lead to unforeseen market disruptions, increased volatility, or even systemic crises within the global financial system.
Global News - Economy
Changes to Bank of Canada Governing Council
The departure of two deputy governors could impact the continuity of current monetary policy stances, depending on who replaces them and their economic philosophies.
Bank of Canada - Economy
Is the pain of the K-shape economy bleeding into the middle class?
Increased debt among the middle class can lead to reduced consumer spending, higher rates of default, and broader economic instability.
Global News - Economy
U.S. Fed holds interest rates again as Iran war creates inflation worries
The conflict in the Middle East could lead to disruptions in oil supply, potentially driving up energy prices and contributing to inflation, making the Fed's decision to hold rates more complex.
Global News - Economy
Bank of Canada holds interest rates as Iran war rattles global economies
Holding rates provides a period of stability for borrowers and businesses, but leaves room for potential future adjustments depending on inflation and global events.
Global News - Economy
U.S. Federal Reserve holds interest rates as pressure from Trump mounts
Holding rates steady can signal a period of stability or a wait-and-see approach by the central bank, influencing inflation and employment outlooks.
Global News - EconomyMortgage impact
Variable mortgages cost Canadians tens of thousands amid high rates. Is the risk worth it?
Higher mortgage payments reduce disposable income, forcing some families to cut spending or dip into savings.
Global News - EconomyMortgage impact
Another rate hike may be looming and Canadians worry they can’t keep up
Higher interest rates increase debt-servicing costs, reducing disposable income and potentially leading to financial stress.
Global News
