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 […]
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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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]