Category: Economy

Oct 8

Statistics Canada reports $1.1B merchandise trade deficit for August

Article content OTTAWA — Statistics Canada says the country posted a merchandise trade deficit of $1.1 billion in August as lower oil prices weighed on exports. The agency said Tuesday the result compared with a revised deficit of $287 million in July. The initial reading for July released last month pointed to a surplus of […]
Oct 4

Ongoing turmoil at ports making it ‘very difficult’ for Canadian businesses to plan

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 […]
Sep 23

Trumponomics: the radical plan that would reshape America’s economy

Breadcrumb Trail Links Financial Times Economy Republican candidate is promising sweeping tariffs. Critics warn they would cause huge damage and heighten global tensions Author of the article: Financial Times Colby Smith, Claire Jones and James Politi in Washington Published Sep 23, 2024  •  Last updated 2 minutes ago  •  11 minute read Republican presidential candidate and […]
Sep 13

Mohamed El-Erian: The big question is what comes next after the Fed cuts rates on Wednesday

Breadcrumb Trail Links Financial Times Economy Bond investors could easily be caught off guard if liquidity conditions fail to loosen significantly Author of the article: Financial Times Mohamed El-Erian Published Sep 13, 2024  •  3 minute read The Federal Reserve building in Washington, D.C. Fed officials have become overly data dependent, warns economist Mohamed El-Erian. […]
Sep 10

Bank of Canada governor warns trade disruptions could put pressure on inflation

Breadcrumb Trail Links News Economy Tiff Macklem urges Canada to reduce trade barriers Published Sep 10, 2024  •  3 minute read Bank of Canada Governor Tiff Macklem says global trade has shifted thanks in large part to the West’s changing relationship with China. Photo by Sean Kilpatrick /The Canadian Press Article content Slowing globalization and […]
Sep 6

Here’s a quick glance at unemployment rates for August, by Canadian city

Article content OTTAWA — The national unemployment rate was 6.6 per cent in August. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities. It cautions, however, that the figures may fluctuate widely because they are based on small statistical samples. Here are the jobless rates last month by city (numbers […]
Sep 1

Brands warm to new products as climate change lessens demand for cold weather gear

Breadcrumb Trail Links PMN PMN Business PMN Retail & Marketing Author of the article: The Canadian Press Tara Deschamps Published Sep 01, 2024  •  4 minute read Entrepreneur Bertrand Cesvet is a member of an investment group that bought Kanuk, a luxury parka brand based in Quebec, in May. Cesvet is seen in an undated […]
Aug 13

Home Depot trims guidance with anxiety about the broader economy up among contractors and homeowners

Article content Home Depot’s second-quarter sales rose slightly as the nation’s biggest home improvement retailer benefitted from an $18 billion acquisition this spring, but customers continued to rein in spending because of broadly higher costs and elevated interest rates. Sales edged up to $43.18 billion, from $42.92 billion, beating the $42.57 billion that Wall Street […]
Jul 12

Apple launches Vision Pro in Canada, but $5,000 price tag could make people ‘pause’

Breadcrumb Trail Links PMN PMN Business PMN Retail & Marketing PMN Technology Author of the article: The Canadian Press Tara Deschamps Published Jul 12, 2024  •  4 minute read Apple’s Vision Pro headset is expected to make its Canadian debut today. Bryan Chiang tries out an Apple Vision Pro headset during the first day of […]
Jul 11

Interest rate cut hasn’t led to rush of homebuyer demand yet: Royal LePage report

Article content TORONTO — Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada’s quarter-point cut to its key interest rate last month did not lead to a rush in demand. The latest Royal LePage house price survey released Thursday, detailing market trends across Canada […]